Elon Musk demands another huge payday from Tesla | CNN Business
www.cnn.com
Elon Musk says he wants a significantly larger stake in Tesla than the one that already made him the richest person on the planet.

In a series of posts on X Monday night, Musk said that he would not want to grow Tesla to become a leader in artificial intelligence and robotics without a compensation plan that would give him ownership of around 25% of the company’s stock. That would be about double the roughly 13% stake he currently owns.

Just casually asking for a roughly 80 Billion dollar pay raise. But at this point would Tesla be better off without him?

  • guacupado@lemmy.worldEnglish
    41·
    10 months ago

    Yeah but in their cases the “hustle” got them the funds to move into their current space. Musk just had so much money that Tesla outlasted all the red it was in. Same thing going on with Twitter.

    We all know it’ll never fully go under, he has too much money for it too. It’ll last long enough to sooner or later come back up.

    • LilB0kChoy@midwest.socialEnglish
      2·
      10 months ago

      We all know it’ll never fully go under

      No, it likely won’t, and part of that is also because of who’s invested in the company’s success. Just another example of “too big to fail”.

    • Hypx@kbin.social
      11·
      10 months ago

      That depends on how bullshit the numbers really are. If it is just Jack Welch level of financial shenanigans, you can see a stump version of the company eventually surviving. If it is worse than that, then probably not.