Elon Musk and Xiaopeng Motors interact from a distance: Tesla and Chinese companies will dominate the market

On November 7th, Tesla held its annual shareholder meeting at its Gigafactory in Austin, Texas. After counting the votes from both the on-site and pre-voting, shareholders approved CEO Elon Musk's new round of compensation incentive plan with over 75% in favor. This is a performance-based plan with a potential value of up to approximately $1 trillion, under which Musk will gradually receive 423.7 million restricted stock units (RSUs) if he meets market capitalization and operational targets over the next ten years.

Shortly after the compensation plan was approved, Tencent Technology learned exclusively that Zhou Hengxing, founder of the English tech media Pandaily and author of "The Altman Biography," communicated with Musk: "Hi Elon, congratulations on winning the big compensation package! (At the shareholder meeting) your dancing with the Optimus robot was really good. By the way, have you seen the video of the XPeng robot? It walks like an elegant lady, maybe it's another 'Game on' moment."

Content of the text exchange between Musk and Zhou Hengxing

On November 5th, XPeng released its next-generation humanoid robot IRON. The movement trajectory of IRON is very similar to that of humans, especially its gait, which is as natural and fluid as a human's "catwalk," attracting widespread attention.

In response, Musk replied: "Not bad. Tesla and companies in China will dominate the (future humanoid robot) market. Other companies in the West are not strong enough. I have great respect for competition from China, as there are so many smart and hardworking people there." Musk then liked Pandaily's updates regarding the XPeng humanoid robot IRON.

Musk liked the updates regarding the XPeng humanoid robot IRON

Content of Pandaily's updates

Zhou Hengxing conveyed this conversation to XPeng founder He Xiaopeng and shared his reply with Musk. He Xiaopeng responded: "I'm very happy that Elon won at this shareholder meeting, and I also voted in support. Additionally, I believe Tesla's robots and Robotaxi will do great, looking forward to even greater success."

Content of text message exchange between Musk and Zhou Hengxing

Author of this article: Helen, Source: Tencent Technology, Original title: "Musk and Xiaopeng's Interaction: Tesla and Chinese Companies Will Dominate the Market | Exclusive"

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