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Elon Musk Podcast
Tesla Worth $5 Trillion
Jun 21, 2024
Elon Musk predicts Tesla's market value may skyrocket to $5 trillion by 2029 due to autonomous technology. The podcast explores Musk's leadership, shareholder approval, future projects like humanoid robots, and challenges in corporate governance within his ventures.
07:39
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Quick takeaways
- Elon Musk predicts Tesla's market valuation to reach $5 trillion by 2029 through autonomous technology adoption.
- Tesla's ambitious plans include accelerating Cybertruck production and developing the Optimus humanoid robot for potential massive sales.
Deep dives
Elon Musk's Compensation Package Approval and Shareholder Support
In a recent shareholder vote, Tesla CEO Elon Musk secured approval for his substantial compensation package, with over 70% of shareholders supporting the move. Despite initial legal concerns, institutional shareholders like Vanguard played a pivotal role in ensuring the package's approval, leading to a significant increase in Tesla's stock price post-vote. The vote outcome also prompted Tesla's decision to relocate its corporate headquarters from Delaware to Texas, sparking legal conflicts in Delaware. Additionally, Musk's social media platform, X, is reportedly transforming into a payments application, diversifying revenue sources.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode