All tension at Tesla disappeared when Elon Musk received enough money and pledged to turn Tesla into the “AirBnb of the electric vehicle industry”.

During a recent meeting with shareholders in Austin, Tesla billionaire Elon Musk was overjoyed to emerge on stage with these wonderful words: “I want to begin with the confession that I adore everything. People”.

Elon Musk’s excitement was justified when Tesla shareholders decided to re-award the $46 billion that the Delaware court had earlier rejected. Thus, Elon Musk will collect the highest bonus ever paid to a CEO in history.

This result was achieved after a lobbying campaign by Tesla’s board of directors warning that Elon Musk could leave if he did not receive a worthy remuneration.

However, Elon Musk will not receive money immediately because there are still other legal disputes and the Judge must also consider whether this compensation package is fair or not, which could give rise to lawsuits. new and caused a long legal battle.

In addition, Tesla shareholders opted to relocate the company’s headquarters from Delaware to Texas, subjecting it to another state’s legal framework and complicating lawsuits.

New phase for Tesla

Despite the obstacles ahead, the crowd rejoiced as the results of the Tesla shareholder vote were announced. Tesla boss Elon Musk ignored criticism during the event in Austin and continued to stir up the atmosphere with bright prospects for electric vehicles such as self-driving technology.

“We not only opened a new chapter for Tesla but also created a new story for the entire industry,” Musk proudly declared.

Referring to the future financial situation, Elon Musk said that Tesla’s total capitalization could increase 110 times compared to today based on “the general situation of the auto market”.

“I firmly believe that this will happen,” Elon Musk affirmed that Tesla’s value will increase sharply.

Similarly, famed female investor Cathie Wood’s ARK Invest fund believes Tesla’s overall value might reach $8 trillion and that the electric car company’s stock price could reach $2,600 by 2029.

Billionaire Elon Musk has stated that once self-driving technology is ready, Tesla will quickly upload it to all automobiles on the market, generating a significant cash stream. However, this idea is being scrutinised by authorities because to worries regarding safety, technological excellence, and legal frameworks in the event of an accident. For example, who is accountable if a self-driving automobile causes an accident? The driver or the company that develops self-driving software?

This delay worries Tesla stockholders since they are being surpassed by Chinese electric vehicle enterprises thanks to their inexpensive products, stunning designs, and equally advanced technology, while Elon Musk’s empire has stayed for many years. There are no big new automobile lines currently.

“AirBnb of the electric vehicle industry”

According to Elon Musk, self-driving car technology will enable the company make money in the same way that Uber or AirBnB do: car owners or automakers would pay Tesla to rent this technology, resulting in a fleet of autonomous electric taxis that do not require cars. driver.

To put it simply, consumers can convert their electric cars into temporary self-driving taxis in the same way that AirBnB rents out apartments as temporary hotels.

“If you go away for a week, just use Tesla’s application. Your car will be added to the self-driving taxi fleet and help make money even when you are absent,” Elon Musk said to the cheers of the crowd. in Austin.

Tesla boss commented that this change is only a matter of time, sooner or later.

Previously, Elon Musk predicted that self-driving electric vehicles would reach 1 million units by 2020, but this number actually did not come true because they are not yet a popular mode of transportation.

“I have to admit that sometimes I’m a bit optimistic… but if I wasn’t optimistic, electric cars wouldn’t become a reality, Tesla’s factories wouldn’t exist like they do now,” Elon Musk sai