In a pay plan approved by shareholders in 2025, production of 20 million Teslas in the next decade is one of the goals that would see Musk secure a $1 trillion pay package. The milestone that lands Tesla halfway there comes six years after the Austin-based company produced its millionth vehicle at Tesla\u2019s Fremont, Calif., factory.\u00a0<\/p>\n
Gigafactory Texas, where Tesla now is based, opened in 2022.<\/p>\n
While vehicle deliveries are making headway, Tesla is still far from some of the other goals necessary for Musk to realize the pay package. Among them, the company must increase its market value to $8.5 trillion. It now is valued at $1.22 trillion.<\/p>\n
He also must steer the company to 10 million sales of subscriptions to its Full Self-Driving system, which currently sit at less than 1.5 million. It requires a fleet of 1 million\u00a0robotaxis, up from hundreds operating — many with human supervision — in Austin and a half-dozen other U.S. cities. Tesla also would need to deploy 1 million Optimus robots, though construction of the plants in Austin and Fremont that will produce the humanoids is still under way.\u00a0<\/p>\n
Some are rooting against Musk pulling off the milestones necessary to unlock the big payday. The Tesla Takedown movement released a statement on the vehicle production milestone, saying Musk\u2019s \u201creal impact this year isn’t measured in assembly lines. It\u2019s measured in human costs.\u201d\u00a0<\/p>\n
\u201cTesla’s production milestone doesn’t erase the math or Elon Musk’s negative influence on our Democracy,\u201d the group said.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"In a pay plan approved by shareholders in 2025, production of 20 million Teslas in the next decade…\n","protected":false},"author":2,"featured_media":394506,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[132,134,133,5454],"class_list":["post-394505","post","type-post","status-publish","format-standard","has-post-thumbnail","category-austin","tag-austin","tag-austin-headlines","tag-austin-news","tag-saen_share"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/394505","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=394505"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/394505\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/394506"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=394505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=394505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=394505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}