Elon Musk presses for $1 trillion pay plan because he needs to influence Tesla's future 'robot army'
'I don't feel comfortable building that robot army if I don't have at least a strong influence,' Musk said during Tesla's earnings call.
Tesla (TSLA) CEO Elon Musk made an unusual plea at the end of the company's earnings call, urging shareholders to approve his new $1 trillion pay package and claiming, among other things, he wouldn't be comfortable building "a robot army" without control over it.
During the Q&A portion of the call with investors following the company's Q3 miss, Musk was asked about the present challenges in bringing the Optimus robot to market.
Musk mused that Tesla was uniquely qualified to do this because of its manufacturing and tech prowess, the immense amount of work done in developing a dextrous hand, for instance. But then he veered into his own influence.
“My fundamental concern with regard to how much voting control I have at Tesla is, if I go ahead and build this enormous robot army, can I just be ousted at some point in the future? That's my biggest concern,” Musk said on the call.
“It's called compensation, but it's not like I'm going to go spend the money,” Musk said. “It's just, if we build this robot army, do I have at least a strong influence over that robot army? ... I don't feel comfortable building that robot army if I don't have at least a strong influence.”
Robots used for labor I get. An army? In this country? Or in war? No. I take no issue with Musk generally, but language like that is a bit concerning. I'd tread lightly calling a Tesla robot labor force an army is all.
I don't know. You have to question the sanity of someone that has 12 kids in these times. He's not all there and I think everyone would agree. Good ideas, awesome. But this robot shit is creepy. And a job killer if it is just for manufacturing.
Never been a fan of UBI but that is what this leads to. Idle time is not good. Retired with a hobby, sure. But 35 without a job prospect and suicides go through the roof even with free money. Happened to my BIL about 4 years ago. Mental health issues, but he had a college degree and couldn't get solid work.
'I don't feel comfortable building that robot army if I don't have at least a strong influence,' Musk said during Tesla's earnings call.
Tesla (TSLA) CEO Elon Musk made an unusual plea at the end of the company's earnings call, urging shareholders to approve his new $1 trillion pay package and claiming, among other things, he wouldn't be comfortable building "a robot army" without control over it.
During the Q&A portion of the call with investors following the company's Q3 miss, Musk was asked about the present challenges in bringing the Optimus robot to market.
Musk mused that Tesla was uniquely qualified to do this because of its manufacturing and tech prowess, the immense amount of work done in developing a dextrous hand, for instance. But then he veered into his own influence.
“My fundamental concern with regard to how much voting control I have at Tesla is, if I go ahead and build this enormous robot army, can I just be ousted at some point in the future? That's my biggest concern,” Musk said on the call.
“It's called compensation, but it's not like I'm going to go spend the money,” Musk said. “It's just, if we build this robot army, do I have at least a strong influence over that robot army? ... I don't feel comfortable building that robot army if I don't have at least a strong influence.”
https://finance.yahoo.com/news/elon-musk-presses-for-1-trillion-pay-plan-because-he-needs-to-influence-teslas-future-robot-army-162353294.html