Autonomous Technology
Tesla shareholders approve Elon Musk's trillion-dollar pay package
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At the 2025 annual shareholder meeting in Austin, Texas, Tesla investors overwhelmingly approved two pay packages for CEO Elon Musk, including the restoration of his 2018 compensation deal and a new performance award potentially worth up to $1 trillion. The votes reaffirm support for Musk's leadership amid ambitious goals in autonomous driving and robotics. About 75% of shareholders backed the new package, tied to aggressive milestones through 2035.
Tesla's AI team shared Halloween photos of the Cybercab at an In-N-Out drive-through, featuring costumed passengers and a playful caption referencing the chain's menu. The images reveal design updates that make parts of the vehicle appear production-ready. This follows a tradition of Tesla prototypes visiting In-N-Out, as seen with the Cybertruck in 2023.
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Elon Musk, the world's richest person, spent $1 billion of his personal wealth to buy 2.6 million Tesla shares in September 2025, marking his first such purchase since 2020. The move signaled strong confidence in the company's future, particularly in autonomous technologies, and helped Tesla stock recover from earlier losses. Shares hit a new 2025 closing high amid optimism about robotaxis and humanoid robots.