Tesla chairman states Elon Musk is true CEO during 'transformative' period, emphasizing AI and autonomy as key to future

Tesla chairman states Elon Musk is true CEO during 'transformative' period, emphasizing AI and autonomy as key to future

Tesla's CEO Elon Musk has been emphasizing the company's focus on artificial intelligence (AI) and autonomous driving technologies as key to its future growth and success. In a recent event, Musk shared updates on Tesla's Optimus humanoid robots, autonomous driving, and AI pursuits, highlighting the company's commitment to innovation and technological advancement.

During the All In Summit on Tuesday, Musk announced that Tesla was finalizing the design of the Optimus version 3 robot, which boasts "manual dexterity of a human" and an "AI mind" to comprehend reality. He also noted that the robot would be produced in high volumes and could represent over 80% of Tesla's future value . Musk acknowledged the challenges in scaling Optimus, including the need to create a supply chain from scratch, but expressed confidence in its potential as "the biggest product ever" .

Moreover, Tesla has unveiled a new 10-year compensation package for Musk, which could reach as high as $1 trillion. The proposal is tied to ambitious targets, including lifting Tesla's market value from about $1 trillion to over $8 trillion, overseeing the delivery of 20 million vehicles and one million Optimus robots, and increasing the number of Full Self-Driving subscribers by 10 million . If approved, this compensation package would significantly increase Musk's wealth and influence within the company.

In addition to Optimus, Musk has also been focusing on AI and autonomous driving technologies. He recently confirmed that Tesla's AI5 chip has completed its design review, marking a significant milestone in the company's efforts to develop in-house chip technology that rivals industry giants like Nvidia . Musk described the AI5 chip as "epic" and hinted at its successor, the AI6, as potentially the "best AI chip by far" . The AI5 chip is designed to offer "the lowest cost silicon and best performance per watt" for inference tasks with models smaller than 250 billion parameters .

Musk's emphasis on AI and autonomous driving technologies underscores Tesla's shift in focus towards these areas, as outlined in its recently released Master Plan Part IV . This transformative period for Tesla is characterized by a strong commitment to innovation and technological advancement, with Musk playing a vital role in steering the company through this critical turning point .