Part four of Tesla’s “Master Plan” de-emphasizes its EV business, which is on pace for its second consecutive year of declining global sales.

The richest man in the world could soon be many times richer, the Tesla board approving a $1 trillion pay package for CEO Elon Musk. But to get the full amount, Musk will have to transform Tesla into a robot and AI company,

While Tesla Inc. (NASDAQ:TSLA) has struggled in recent months to show demand for its electric vehicles around the world, CEO Elon Musk isn't worried, with a focus on other company segments to drive future growth.

Optimus has morphed from a speculative experiment into Tesla’s defining strategic centerpiece. Musk envisions deploying “thousands” of robots in factories by year-end, with production ramping to 1 million units annually by 2030, and estimates the value of each robot to be between $20,000 and $30,000.