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Tesla Shareholders Approve Elon Musk's $1T Pay Package: Cybercab, Optimus, Roadstar Updates
November 07, 2025
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Tesla shareholders have officially approved Elon Musk’s 2025 CEO Performance Award plan, with over 75% of votes in favor, marking a pivotal moment for the company as it aligns executive compensation with ambitious long-term goals.

The approval, announced during the 2025 Annual Shareholder Meeting at Gigafactory Texas, Thursday evening, was met with enthusiastic applause and celebration from attendees, including Musk dancing on stage alongside Tesla’s Optimus humanoid robots, which also performed synchronized movements.

The landmark pay package, worth up to $1 trillion over a decade, is contingent on Tesla achieving specific performance benchmarks, including reaching a $8.5 trillion market capitalization, delivering 1 million Optimus robots, and operating 1 million robotaxis.

The 2025 CEO Performance Award requires Musk to grow Tesla’s market capitalization from approximately $1.1 trillion to $8.5 trillion within ten years, a target that would make Tesla the most valuable company in history.

Additional requirements include increasing Tesla’s operating profit from $17 billion to $400 billion annually, delivering 20 million vehicles cumulatively, securing 10 million active Full Self-Driving (FSD) subscriptions, and achieving 1 million robotaxi operations.

The vote was supported by major institutional investors like Schwab Asset Management, which cited alignment with shareholder value, despite opposition from proxy advisors such as Glass Lewis and ISS.

Musk expressed gratitude for the approval, celebrating on stage with a dance and acknowledging the support of fellow tech leaders like Jack Dorsey and Michael Dell, who publicly endorsed the pay package as a governance and engineering necessity.

The approval was facilitated by Tesla’s reincorporation in Texas, allowing Musk to vote his 15% stake, unlike in a previous Delaware-based vote.

The meeting also featured major announcements on Tesla’s AI, robotics, and vehicle development, including the planned production of the Cybercab, Optimus robots, and the AI5 chip, all central to Tesla’s new mission of "Sustainable Abundance."

Tesla confirmed a rapid production ramp of Optimus humanoid robot, starting with a 1 million unit line in Fremont and a future 10 million unit line in Texas. The robot is expected to cost around $20,000 in current dollars and is seen as a tool to eliminate poverty and provide advanced medical care. Musk suggested that future versions could potentially host human consciousness via Neuralink, though this is likely over 20 years away.

At the meeting, Musk claimed that Optimus robots “will eliminate poverty,” “give everyone amazing medical care,” and will be “bigger than cell phones, bigger than anything.” He also said the robots could be used for “containment of future crime” by following criminals around and stopping them from “doing crime.”

The fully autonomous Cybercab, designed without pedals or steering wheels, will begin production in April 2026 at Gigafactory Texas. Tesla aims for a production cycle time of under 10 seconds, with a theoretical goal of five seconds.

The event featured a video of the unboxed manufacturing process of the Cybercab, with sightings of the vehicle on public roads becoming increasingly frequent, signaling progress toward its commercial rollout.

Musk revealed details about Tesla’s next-generation AI5 chip (formerly Hardware 5), which will be manufactured by Samsung and TSMC and is designed to power self-driving systems, Optimus robots, and other AI applications. The chip promises a 50x improvement over the AI4 chip, with 5x block quantization, 9x memory capacity, and 10x raw compute increase.

The final production iteration of the Tesla Semi, with a 500-mile range and 800kW drive power, will begin volume production in Nevada in 2026, targeting 50,000 units annually.

The new Tesla Roadster (V2) supercar Roadster will be unveiled on April 1, 2026, with production expected 12–18 months later, according to Musk.

The electric vehicle company is moving toward allowing "texting and driving" with Full Self-Driving, FSD V14, based on safety data, with the goal of opening this feature within months. FSD use has already led to 85% fewer crashes and 35,000 fewer fatalities over the past year, according to Musk.

Tesla’s new lithium refinery in South Texas is now the largest outside of China, capable of producing 50 GWh of lithium annually. A new Giga Texas cathode factory is under construction to strengthen supply chain resilience.

The company reaffirmed its mission to achieve "Sustainable Abundance," encompassing EVs, solar, energy storage, Optimus, and charging infrastructure.

Tesla is exploring space-based solar power and considering building a Tesla TeraFab for chip production. The company also plans to expand Tesla Insurance and the Tesla App to new languages like Hebrew.

The pay package approval has already had a market impact, with Tesla shares rising about 2% in after-hours trading, reflecting investor confidence in Musk’s long-term vision for autonomous vehicles, robotaxis, and humanoid robotics.

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Iran-US Ceasefire Falters , As Israel Pummels Lebanon, Killing 254+ Civilians

The U.S. and Iran agreed to a two-week ceasefire announced by President Donald Trump on Truth Social, contingent on Iran reopening the Strait of Hormuz. Trump wrote the ceasefire was a "double sided CEASEFIRE" because the U.S. had "already met and exceeded all Military objectives," and called Iran’s 10-point peace proposal a "workable basis on which to negotiate." The deal, mediated by Pakistan, was announced late Tuesday, just hours before Trump’s deadline for Iran to reopen the strait or face devastating strikes.

Iranian Foreign Minister Seyed Abbas Araghchi confirmed the agreement, stating: _"If attacks against Iran are halted, our Powerful Armed Forces will cease their defensive operations. For a period of two weeks, safe passage through the Strait of Hormuz will be possible via coordination with Iran's Armed Forces." The country is reportedly charging a toll before each vessel can sail through the strait, paid in bitcoin to bypass US-imposed sanctions.

Iran pointed out the ceasefire included Lebanon, but Israel and the U.S. rejected this, with Trump calling Lebanon a "separate skirmish." Israeli Prime Minister Benjamin Netanyahu claimed the ceasefire did not cover Lebanon, where as part of its 'Operation Eternal Darkness,' Israel launched over 160 strikes in 10 minutes, killing at least 254 people and injuring 1,165, according to Lebanon’s Civil Defense.

Iranian Parliament Speaker Mohammad Bagher Ghalibaf accused the U.S. and Israel of violating the ceasefire, citing three breaches: continued Israeli attacks on Lebanon, an alleged drone incursion into Iranian airspace (a Hermes-900 drone shot down in Fars province), and U.S. refusal to accept Iran’s right to uranium enrichment.

Iran temporarily closed the Strait of Hormuz again in response to the Lebanon strikes, threatening the deal’s stability. Pakistan’s Prime Minister Shehbaz Sharif initially claimed the ceasefire applied "everywhere including Lebanon," but the U.S. and Israel contradicted this, with Vice President JD Vance stating Iran had "misunderstood" the terms.

Peace talks are scheduled to begin in Islamabad on Saturday.

Meanwhile early Thurday, Trump wrote on Truth Social: "All U.S. Ships, Aircraft, and Military Personnel, with additional Ammunition, Weaponry, and anything else that is appropriate and necessary for the lethal prosecution and destruction of an already substantially degraded Enemy, will remain in place in, and around, Iran, until such time as the REAL AGREEMENT reached is fully complied with. If for any reason it is not, which is highly unlikely, then the "Shootin' Starts," bigger, and better, and stronger than anyone has ever seen before. It was agreed, a long time ago, and despite all of the fake rhetoric to the contrary - NO NUCLEAR WEAPONS and, the Strait of Hormuz WILL BE OPEN & SAFE. In the meantime our great Military is Loading Up and Resting, looking forward, actually, to its next Conquest. AMERICA IS BACK!"

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Artemis II Earthset Photos: Astronauts Heading Home After Historic Loop Around Far Side Of The Moon

The Artemis II crew—NASA astronauts Reid Wiseman, Victor Glover, and Christina Koch, along with Canadian Space Agency astronaut Jeremy Hansen aboard Orion spacecraft, Integrity—are heading home after completing a historic loop around the far side of the Moon on April 6, 2026.

During this flyby, the crew set a new record by traveling 252,756 miles from Earth, surpassing the Apollo 13 distance, and captured the first-ever "Earthset" images from the lunar far side at 22:41 UTC, alongside a total solar eclipse viewed from space.

 

The astronauts described the experience as "overwhelming" and "extraordinary," with Wiseman noting that seeing the Moon fully eclipse the Sun created nearly 54 minutes of totality and revealed details of the Sun's corona typically hidden from Earth.

Glover remarked that "humans probably have not evolved to see what we're seeing," while Koch emphasized the emotional weight of the mission, stating, "We will explore, we will build ships... but ultimately, we will always choose Earth." The crew also shared a group hug and celebrated with maple cream cookies during the communication blackout, and Wiseman dedicated the mission to his late wife, Carroll.

NASA Administrator Jared Isaacman led a 20-minute Q&A with the crew, thanking them for their courage and representing the "best of us." He expressed gratitude to the two billion people on Earth eagerly awaiting the imagery, saying, "Thank you for taking us with you to the moon... Godspeed and go Artemis II."

Isaacman also acknowledged the crew's lessons for the upcoming Artemis III mission, specifically addressing the need to fix the onboard space toilet plumbing and improve packing strategies for food and hygiene.

For about seven hours, the crew observed the Moon's far side, capturing images of 30 lunar targets (including the Orientale basin) and testing Orion's manual piloting and radiation protection capabilities.

The mission featured the first moonship-to-spaceship radio linkup with the International Space Station, connecting Wiseman and Koch (who performed the first all-female spacewalk in 2019) despite being 230,000 miles apart.

President Donald Trump congratulated the Artemis II crew during a live phone call on April 6, hailing them as "modern-day pioneers" after their Orion spacecraft completed the record-breaking lunar flyby.

Trump praised the astronauts individually, calling out Wiseman, Glover, Koch, and Hansen, and emphasized that "America is back" in space exploration, saying, "At long last, America is back, and America is back in many ways stronger than ever before. We're the hottest country anywhere in the world." He credited his administration for reviving NASA, saying he had chosen to "revive" rather than close it down, and highlighted the creation of the U.S. Space Force as one of his most important decisions.

Trump asked about the crew’s experience during 40–45 minutes of lost communication while behind the moon; Glover replied,"I said a little prayer, but then I had to keep rolling," as he recorded scientific observations.

Hansen described the far side of the moon as visually distinct, with fewer dark "mares" due to Earth’s gravitational influence on the near side, and thanked Trump on behalf of Canada for U.S. leadership in space.

An awkward silence occurred mid-call, with no one speaking for about a minute, prompting Wiseman to request a "quick comm check;" Trump confirmed he was still on the line, calling the reception "great."

Trump invited the crew to the Oval Office, saying, "I look forward to having you in the Oval Office at the White House," and jokingly requested their autographs, adding, "I don’t really ask for autographs much, but you deserve that." The crew accepted immediately, with Glover calling the mission "the thrill and honor of a lifetime," and thanking the American and Canadian people.

The crew launched from Kennedy Space Center on Wednesday, spent ~25 hours circling Earth, and entered the lunar sphere of influence on Thursday evening before the April 6 flyby.

The 10-day mission is scheduled to conclude on Friday, April 10, 2026, with a splashdown in the Pacific Ocean off San Diego, recovered by the USS John P. Murtha.

The crew is currently on their way back to Earth, having exited the lunar sphere of influence on Tuesday afternoon, and will undergo medical checks and family conferences before re-entry.

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UPDATE | Artemis II Crew's Orion Capsule Completes Translunar Injection Burn On Path To The Moon

The translunar injection (TLI) burn for the Artemis II mission was successfully completed on Thursday, (April 2), at 2349 p.m. UTC, sending the crew and the Orion spacecraft, Integrity on a path toward the Moon for the first time since 1972. The engine fired for about five minutes and 50 seconds (some reports cite 5:49 to 5:55), adding 867 mph to Integrity's velocity and accelerating it to 24,500 mph to escape Earth's gravitational clasp

This critical maneuver placed Integrity into a free-return trajectory that will carry the four astronauts around the far side of the Moon and back toward Earth without requiring further major engine firings. The burn utilized the Orbital Maneuvering System engine on the European Service Module, generating up to 6,000 pounds of thrust, and was preceded by a "Go" poll from NASA's Mission Management Team after confirming the spacecraft's systems were healthy.

The engine fired at an altitude of just 115 miles above Earth. Mission controllers in Houston described the burn as "flawless," with the crew reporting they are "glued to the window" observing Earth. Integrity is now on track to reach a distance of 252,455 miles from Earth, surpassing the record set by Apollo 13, with a planned splashdown on Day 10 of the mission.

Following liftoff Wednesday, NASA astronauts Reid Wiseman, Victor Glover, Christina Koch, and Canadian Space Agency(CSA) astronaut Jeremy Hansen aboard Integrity stayed in Earth orbit for more than 24 hours, checking out the capsule's various systems ahead of its planned plunge into deep space.

"With that successful TLI, the crew is feeling pretty good up here on our way to the moon, and we just wanted to communicate to everyone around the planet who's worked to make Artemis possible that we firmly felt the power of your perseverance during every second of that burn," Hansen, said just after the maneuver.

"Humanity has once again shown what we are capable of, and it's your hopes for the future that carry us now on this journey around the moon," he added.

Artemis 2 launched Wednesday evening (April 1) from NASA's Kennedy Space Center in Florida, sending four astronauts aloft on the first-ever crewed flight of Orion and its Space Launch System (SLS) rocket. The duo had flown together just once before, on the uncrewed Artemis 1 mission to lunar orbit in 2022.

"Our TLI burn, the burn that gets us going to the moon, is also our deorbit burn," Koch said in a NASA interview before launch. "As soon as we take that burn, we have bought off on basically the rest of the mission."

The TLI burn used Orion's main orbital maneuvering engine, which was salvaged from NASA's space shuttle program and upgraded for an Artemis trip to the moon. The engine has flown in space 19 times before on three different space shuttles. If you strapped it to a car, it would accelerate you from zero to 60 mph (97 kph) in 2.7 seconds.

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NASA successfully launched the Artemis II mission on Wednesday, (April 1), at 2235 UTC from Kennedy Space Center's Launch Complex 39B, marking the first crewed flight beyond low Earth orbit since the Apollo 17 mission in 1972.

The Space Launch System (SLS) rocket, standing 32 stories tall, ignited its twin solid rocket boosters and four RS-25 engines to generate 8.8 million pounds of thrust, lifting the Orion spacecraft named "Integrity" into space.

The four-person crew consists of NASA astronauts Reid Wiseman (Commander), Victor Glover (Pilot), and Christina Koch (Mission Specialist), alongside Canadian Space Agency astronaut Jeremy Hansen (Mission Specialist), who became the first Canadian and non-U.S. citizen to travel to the Moon's vicinity.

Close to three and a half hours into the Artemis 2 mission, pilot Victor Glover took control of Orion after the capsule separated from the Space Launch System rocket's Interim Cryogenic Propulsion Stage, or ICPS. Glover will now manually pilot Orion around ICPS, carrying out a series of maneuvers designed to test the spacecraft's propulsion systems and ability to operate in close proximity to another object in space.

"I see it. Look at that, woohoo! I see the ICPS and the moon in the field of view," Glover said during NASA's live broadcast of the mission.

These tests, known as proximity operations or "prox ops," are a key part of this test flight and will evaluate Orion's ability to fly near and interface with future Artemis program hardware such as the lunar lander that will eventually be chosen for NASA's planned moon landings.

"It's quite nice and very responsive," Glover said, referencing the spacecraft's Digital Autopilot (DAP) system.

The 10-day mission is a lunar flyby that will not involve a landing but will travel approximately 250,000 miles from Earth, surpassing the previous record set by Apollo 13 in 1970 by reaching 4,600 miles beyond the Moon's far side.

Key mission objectives include testing Orion's life support and navigation systems, performing an in-space rendezvous with the spent Interim Cryogenic Propulsion Stage, and validating emergency procedures for future lunar landings.

The crew is expected to perform a translunar injection burn to commit to the Moon, fly around the lunar far side, and return to Earth for a planned **splashdown in the Pacific Ocean** around April 11, 2026. This flight serves as the critical second step in NASA's Artemis program, paving the way for **Artemis III (lunar landing in 2027)** and the eventual establishment of a sustainable human presence on the Moon.

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Iran's 10-point Proposal Demands Permanent Ceasefire, Strait Of Hormuz Toll, As Israeli Airstrikes Target South Pars Natural Gas Field

Iran has reportedly rejected a proposed 45-day ceasefire, instead presenting its own 10-point plan demanding a permanent end to the war. The proposal, conveyed through Pakistani mediators, includes conditions such as reparations and guarantees against future attacks, which U.S. officials have deemed unacceptable.

Key elements of Iran’s 10-point response reportedly include:

- A permanent cessation of hostilities in Iran, Lebanon, Gaza, and Iraq.

- Recognition of Iran’s authority over the Strait of Hormuz, including the right to regulate traffic and collect tolls.

- Full removal of U.S. military bases from the Middle East.

- Compensation for war damages inflicted during the conflict.

- Lifting of all economic sanctions on Iran.

- Formal recognition of Iran’s right to enrich uranium under the Nuclear Non-Proliferation Treaty (NPT).

- A regional framework for security ensuring no resumption of aggression.

- Safe passage protocols** for international shipping through the Strait.

- Reconstruction support for war-affected areas.

- Guarantees that negotiations will not be used as cover for future attacks.

This comes amid escalating hostilities, as Israel launched strikes on Iran’s South Pars natural gas field, targeting its largest petrochemical plant—responsible for about 50% of Iran’s petrochemical output—and killing key Iranian military figures, including IRGC intelligence chief Majid Khademi.

The Israeli Defense Forces (IDF) and the United States also conducted large-scale strikes on Tehran's Mehrabad International Airport, targeting dozens of Iranian aircraft and helicopters to degrade the air force capabilities of both the Iranian Air Force and the Islamic Revolutionary Guard Corps (IRGC).

Satellite imagery and military reports confirm the destruction of at least 12 to 17 aircraft, including fighter jets, transport planes, and potentially the world's last in-service Boeing 747-100 converted as a KC-747 tanker, which were used by the IRGC Quds Force to supply proxies.

The operation, part of a broader assault on six military airfields across Iran, specifically targeted hangars, maintenance facilities, and runways in the western sector of the capital, effectively paralyzing the regime's ability to move high-level personnel and military equipment from the capital.

Over 80 Israeli fighter jets participated in the coordinated wave of attacks, which also included strikes on smaller airstrips like Azmayesh Airport and facilities linked to the Quds Force, such as a drone manufacturing factory.

Israeli officials said the strikes were designed to cripple the IRGC's logistics network, which has historically used commercial and military aircraft at Mehrabad to ferry weapons and advisors to proxies like Hezbollah across the Middle East.

The strikes on Mehrabad contributed to a broader campaign that also hit Shahid Beheshti University, the Pasteur Institute, and various military academies, leading to severe disruptions in regional air travel and raising international concerns over attacks on civilian and research infrastructure.

Airstrikes has also hit Sharif University of Technology in Tehran, a sanctioned institution tied to Iran’s military programs, drawing domestic and international condemnation.

Civilian infrastructure across Iran, including power plants and airports, has come under sustained attack, prompting fears of humanitarian crisis and warnings from the UN that targeting such sites may constitute war crimes under international law.

Iran fired missiles at Israel and neighboring countries, with strikes in Haifa killing four; Israel claims to have intercepted most incoming projectiles.

President Trump has intensified threats, vowing to "decimate every bridge and power plant in Iran" by Tuesday night if the Strait of Hormuz remains closed, calling for "free traffic of oil" as a non-negotiable condition. He dismissed Iran’s 10-point plan as “not good enough,” while still suggesting a deal is possible.

At a White House press conference Monday with Trump, Defense Secretary Pete Hegseth and Joint Chiefs Chair Gen. Dan Caine detailed the high-risk rescue of two U.S. airmen from an F-15E shot down by a shoulder-fired missile.

The operation, involving 155 aircraft, CIA "exquisite technologies," and extensive deception tactics, retrieved the pilot within hours and the weapons officer two days later from a mountainous cave. Hegseth likened the Easter-weekend rescue to the resurrection of Jesus Christ, underscoring the administration’s fusion of religious rhetoric with military messaging.

Despite Trump’s repeated deadlines, analysts note a pattern of postponements, raising doubts about the credibility of his ultimatums.

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