SAN FRANCISCO / LONDON (IT BOLTWISE) – Tesla has released its fourth master plan, promising sustainable abundance through future products. But despite the vague details, this plan is being used as a central part of convincing shareholders of a gigantic compensation package for CEO Elon Musk.
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Over two months ago, Tesla released its fourth “master plan,” which promises sustainable abundance through future products. But details remain sparse, prompting criticism from some of the company’s biggest fans. Even Elon Musk admitted that the criticism was justified and promised to add more details. Still, the plan remains unchanged, even though it is at the heart of Tesla’s campaign to sell shareholders a $1 trillion compensation package for Musk.
If this vote is successful, Musk would receive the largest compensation package in the company’s history. Musk himself emphasizes that the money is less important to him than control over Tesla and the “robot army” he wants to build. He even threatened to leave the company if the vote failed.
The fourth master plan stands in stark contrast to Tesla’s previous plans, which contained concrete goals and tangible ideas, even if some of them were so ambitious that Tesla has not yet achieved them. The third master plan, released in 2023, focused on creating a sustainable energy economy and was presented in the form of a 41-page white paper.
Although the fourth master plan is imprecise, it is highlighted in all materials Tesla sends to shareholders as the reason for approving the compensation package. It is mentioned in the brochures that provide voting instructions to shareholders and was given a special place in Tesla’s third quarter shareholder letter. He is also referenced in interviews by board members such as Robyn Denholm and head of design Franz von Holzhausen.
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