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?
The chance of success is impressive, but it’s just correlation to wealth in the family. From Microsoft over cloud flare, Amazon to tesla each and every one of those successful men had a rich daddy.
Not wrong at all - it’s also the case that the guy who founded Netflix had dozens of sticks in the fire - lots of failed enterprises he was trying out elsewhere, and this one just hit. He didn’t even come up with the model, really, for Netflix… he’s just a privileged venture capitalist.
But what does that mean for us? Obviously, I wish it was me with the generational wealth, and not them. Obviously, I would prefer for 10,000 people to be lifted out of generational poverty in the Congo than to create more millionaires… But I treat the super wealthy capitalists tossing around massive wealth like this as something I do not have the right to do much about other than taxing them at a higher rate.
When they deliver good products by creating companies that utilize a lot of talent, I clap.
I think it is the case that technology and the mass production of goods will do more to alleviate poverty than anything else…
I mean, you go to poor countries now and even the poor people have access to a wealth of information and such through their non-flag smartphones you’ve never heard of. That’s just wonderful. It has also assisted us by letting us see what is going on in Gaza first hand. So, all these billionaires & multimillionaire investors have actually contributed to society through the decades by bringing us to a point where even fairly poor people in India or Iran can not just enjoy having internet access and a smartphone, but can also use it to report on corruption and undermine corrupt & terrible governments.