Following its highly anticipated shareholder meeting, Tesla not only secured a massive compensation package for CEO Elon Musk but also outlined an ambitious roadmap spanning AI, robotics, and autonomous driving. Investors are now focused on whether the company can turn its vision into the next growth miracle.

A report from Goldman Sachs on November 7 revealed that Tesla's 2025 CEO incentive plan received preliminary approval with over 75% of votes in favor during its November 6 annual shareholder meeting. The plan is audacious: over the next decade, Musk could receive up to 12% of Tesla's current outstanding shares—worth approximately $1 trillion—if the company achieves a series of challenging market cap and operational milestones. These include growing Tesla's valuation from $2 trillion to $8.5 trillion, delivering 1 million robots, and operating 1 million Robotaxis.

For the market, this is more than just a compensation package. Investors are viewing it through the lens of Tesla's 2018 incentive plan, which preceded a staggering 1350% stock surge by September 2025, compared to the S&P 500's 130% gain. Many hope this new "trillion-dollar bet" could similarly catalyze Tesla's next bull run.

**Beyond Cars: Tesla’s Robotics, Autonomous Driving, and Chip Ambitions** At the meeting, Tesla emphasized its evolution beyond an automaker. Goldman Sachs highlighted key initiatives:

- **Optimus Humanoid Robot**: Production of the V3 model is slated for 2026, with V4 and V5 following in 2027 and 2028. Tesla aims to manufacture 100 million to 1 billion robots annually, with per-unit costs potentially dropping to $20,000 at scale. - **Full Self-Driving (FSD)**: FSD may allow texting while driving within 1–2 months, with v14.3 enabling "sleep mode" in China pending regulatory approval by Q1 2025. - **Robotaxi & Auto Production**: Tesla plans to remove safety drivers from Austin-based Robotaxi services by year-end, with Cybercab production starting April 2025. Annual vehicle capacity targets include 2.6–2.7 million by 2026 and 4 million by 2027. - **Semiconductors**: Tesla is collaborating with Samsung and TSMC to produce AI5 chips, with AI6 development underway. The company may even build its own wafer fab.

**From Vision to Reality: Four Key Milestones** Goldman Sachs identified critical near-term tests for Tesla’s execution: 1. **Robotaxi Safety Driver Removal** (by December 2024) as a commercialization litmus test. 2. **Hands-Free FSD Approval**, signaling AI maturity. 3. **Q4 2024 Deliveries** (reported January 2025), reflecting core auto business health. 4. **Optimus V3 Debut** (expected Q1 2025), offering a progress snapshot for robotics.

Despite the optimism, Goldman maintained a "Neutral" rating, citing "prudent" profit expectations for autonomy/robotics and risks like competition, delays, and slowing EV demand. Its $400 12-month price target implies a 10.3% downside from Tesla’s $445.91 closing price.

**The 2018 "Moonshot" Compensation** In 2018, shareholders approved a groundbreaking performance-based stock option plan for Musk, initially valued at $2.6 billion. By 2024, its worth had ballooned to $56 billion before a Delaware court voided it due to shareholder litigation. An appeal is pending, with a final ruling expected in months.

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