Alexandra Mertz

And actually part of the structure of this compensation plan addresses that as the last two tranches are linked to a succession plan, to a more formal succession plan than what is currently in place.

So 16 or 25%, that's not a question.

But at 25%, Elon is sufficiently strong to prevent activists

shareholders trying to take over, bringing board members in that are not aligned with Tesla's mission.

And I think that is the key point.

Retail has always stood with Elon and has always been very active, knows what this company is about.

So that is not the concern, but it is institutional

institutional funds that are in Tesla despite the fact that they don't really like the company don't understand the company vote against interest of the company and that can become stronger just by the pure mechanism of index funds of political activism and he wants to make sure that that can be prevented and he's right and the fact of being in Texas helps a lot but him getting to 25% obviously is a good shield but that's exactly the worry

I understand that.

I understand that there is a fear.

But ask those activists, what is their idea about Tesla?

What is their idea about a better world?

They never talk about that.

They talk about the fact that they fear Elon is too powerful.

They never talk about what Tesla is all about.

I never hear a CalPERS or, God forbid, a Klaus Lewis ISS or the New York Comptroller talk about the mission of Tesla, talk about where Tesla is going.

And, you know, I rather as a shareholder have Elon's have the keys to an army of bots than anybody else, including the four companies I just mentioned.

Yes, we sure do.

We sure want to hear that.

We also were...