TechCrunch Mobility: Elon Musk’s threats worked

The article discusses Elon Musk’s recently approved $1 trillion pay package from Tesla shareholders, emphasizing that the deal is less about immediate financial gain and more about Musk securing increased power and control over Tesla’s future. The package is tied to ambitious operational milestones, including reaching a $2 trillion market capitalization, delivering 20 million vehicles, achieving 10 million active Full Self-Driving subscriptions, and deploying 1 million robotaxis within the next decade. Musk’s ability to influence Tesla’s stock price through public statements, regardless of quarterly fundamentals, highlights the unique market dynamics surrounding the company. Additionally, Musk used the shareholder meeting to outline future plans, such as starting production in April and potentially building a large semiconductor fabrication plant. He also postponed the release of Tesla’s long-anticipated prototype vehicle to April 1, 2026. The article briefly touches on other mobility sector news, including Beta Technologies’ IPO, which raised $1 billion at a $7.4 billion valuation, and Archer Aviation’s stock offering