tech

Rani Molla11/3/25

Prediction markets think Tesla investors will approve CEO Elon Musk’s $1 trillion pay package on Thursday

Polymarket users are highly convinced that Tesla investors will approve CEO Elon Musk’s $1 trillion pay package later this week, with the market-implied likelihood on the event contract at one point stretching above 97% today, though it’s since come down to around 94%.

Of course, even if investors approve his 2025 CEO Performance Award at the November 6 shareholder meeting, that doesn’t necessarily mean Musk will get the full payout. The deal is performance-based and requires Musk and Tesla to hit a number of lofty goals over the next decade, including:

Boosting the company’s market cap to $8.5 trillion from today’s $1.46 trillion.
Delivering 1 million AI robots (it has so far delivered none).
Having 1 million robotaxis in commercial operation (there are currently about 30 in Austin without a Tesla employee in the driver’s seat).

Tesla’s board and Musk have been loudly campaigning for the pay package’s approval. Board Chair Robyn Denholm wrote in an investor letter last week that it’s integral to keeping Musk. Musk himself took over the company’s earnings call last month to argue that the 29% voting control that’s part of the pay package would be integral to guiding Tesla’s development of AI robots.

“If we build this robot army, do I have at least a strong influence over that robot army?” Musk said.

Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.

More Tech

As public pushback against data centers grows, AI companies promise they’ll be good neighbors

Communities concerned with energy prices, pollution, and water usage are starting to push back on Big Tech’s AI data center building spree. The companies are trying to assure the public that they will pay their way.

Protest Against Michigan Data Center

tech

Morgan Stanley expects Tesla to have 1,000 Robotaxis by the end of 2026. Musk had predicted 1,500 by the end of 2025

Ahead of Tesla’s earnings report next week, Morgan Stanley has released a note estimating that the company will scale its Robotaxi fleet much more slowly than CEO Elon Musk has said. The firm thinks the automaker will have 1,000 vehicles in its Robotaxi service by the end of 2026 — 500 fewer than Musk estimated a few months ago Tesla would have by the end of 2025.

More key to Tesla’s success, however, will be removing the safety monitors from those rides, which Morgan Stanley says will be a “precursor to personal unsupervised FSD [Full Self-Driving] rollout.” Musk, of course, had also promised to remove safety drivers in Austin by the end of 2025, but driverless rides are still in the testing stage.

tech

Meta says it’s delivered new AI models internally this month and they’re “very good”

Meta’s last AI model release, Llama 4, was marred by delays and accusations of rigged benchmarks, but the company says the latest models built by its Superintelligence Labs team look promising. CTO Andrew Bosworth told reporters at the World Economic Forum that the team delivered new models internally in January and they’re “very good.”

Bosworth didn’t specify what the models are, though The Wall Street Journal has reported that Meta is working on a large language model and an AI image and video model code-named Avocado and Mango, respectively.

Exclusive: Meta's new AI team delivered first key models internally this month, CTO says

Exclusive: Meta's new AI team delivered first key models internally this month, CTO says

tech

Two charts that show why Amazon is building a giant physical store

This week Amazon received approval to build a hybrid big-box store and fulfillment center outside Chicago that’s roughly twice the size of a typical Target. Why would the e-commerce giant want to wade into a costly and cumbersome physical store, especially after earlier brick-and-mortar iterations like Amazon Go have failed?

There are at least two reasons. First, despite e-commerce’s rapid growth, the vast majority of retail purchases still happen in physical stores, according to Census Bureau data:

Second, Amazon’s own customers regularly shop at competing big-box retailers: Consumer Intelligence Research Partners found that 93% have also shopped at Walmart. And as Amazon pushes further into groceries — a category still dominated by in-person shopping — CIRP estimates that basically all Amazon customers buy groceries elsewhere.

See for yourself just how massive Meta’s Hyperion data center is

It’s hard to overstate just how massive Meta’s Richland Parish, Louisiana, data center site is. Use this tool to compare it to where you live.

hyperion on manhattan

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.

©2026 Sherwood Media, LLC