But he needs 1 trillion dollars for his robot army so he can retain control of his robot army so nobody else can have control of his robot army so he alone can rule the entire world with his robot army.
Dude is a literal supervillain.
I’m just waiting for Musk to get his robots to learn how to feed off biomass and complete his transition to Ted Faro.
Reading this while waiting for HFW to load is an eerie coincidence. I very much would prefer to enjoy the post-apocalyptic world from behind the safety of the fourth wall.
Tesla has sold 7 million and something cars in total according to google. If each of those was 100k, that would still be less than a trillion in total. How could one guy get paid more than the whole company ever made?
This is supposed to be paid out over time based on future performance milestones. Also based on projected increased value of shares as a result.
Still insanely, insanely high though.
Based on his performance or Telsa workers performance?
Speculative economy go brrrrrrrrrrrrrrrrr
Still insanely, insanely high though.
But undeniably worth it if you’re a tesla shareholder.
It’s like your financial adviser saying “I’ll make you a billionaire in 5 years, and if I do your bill will be $1mil. If I don’t, don’t pay me anything, and you’ve lost nothing” - why would anyone have an issue with that?
Because it’s an incentive to make money, not an incentive to be a good corporation making good products and services.
How could one guy get paid more than the whole company ever made?
Because that $1trillion pay packet is contingent on the value of Tesla going to like $5tril, which would make it the biggest company in the history of the world. It would make every shareholder insanely rich.
But that’s all bubble. Tesla isn’t selling even enough cars to justify its current valuation, and sales are slowing down. The current valuation of Tesla is based entirely on hype, and has been for years. For ever, really, but in the early years it could be justified because it was the fastest growing car company ever, and EVs were new and hot. Now everybody is building EVs, and more than Tesla.
Is this your first time reading about the stock market? It’s all about “hype” and “bubbles”.
Teslas are still the gold standard of EVs. They’re not the cheapest, but they’re what everyone wants.
Why would this be my first time reading about the stock market? Do you think this is the first bubble?
Yes, hype and bubbles are common on the stock market, that’s not all it is, and that doesn’t make them okay. The dot-com bubble led to a crash. Other bubbles led to crashes. This one will too. How long that will take? That depends on the number of greater fools, or on how long they can keep inflating this with financial trickery.
Teslas are still the gold standard of EVs. They’re not the cheapest, but they’re what everyone wants.
That was years ago. Tesla sales are dropping in many places, while other the other EV sales are growing. Tesla has peaked, there’s no sign of anything that will reverse it. And their sales have never justified their stock value.
Why would this be my first time reading about the stock market? Do you think this is the first bubble?
Yes, hype and bubbles are common on the stock market, that’s not all it is, and that doesn’t make them okay. The dot-com bubble led to a crash. Other bubbles led to crashes. This one will too. How long that will take? That depends on the number of greater fools, or on how long they can keep inflating this with financial trickery.
Teslas are still the gold standard of EVs. They’re not the cheapest, but they’re what everyone wants.
That was years ago. Tesla sales are dropping in many places, while other the other EV sales are growing. Tesla has peaked, there’s no sign of anything that will reverse it. And their sales have never justified their stock value.
Growing sales of cheaper Chinese EVs don’t change what I said. Teslas are the gold standard that people want, but not everyone can afford or justify the purchase price. A corolla isn’t a better car than a Lamborghini just because it sells more.
There’s more to a car than speed, and Teslas aren’t Lamborghinis. They were exciting when they were new, but they’ve always had quality issues. Toyota produces more reliable cars. And more cars. There’s no perspective from which Tesla’s valuation makes sense.
Tesla have their valuation because that’s what the market decides they’re worth based on past performance, future predictions, leadership, etc. That’s all there is to it. You think they’re overvalued because you hate their CEO and “founder”. While I don’t agree with the stock market, they’re far more correct than you are. Things are worth what people will pay.
Teslas are still the flagship EV brand. Not being the highest selling doesn’t change that. Did you not understand the Corolla/Lamborghini example?
But that’s all bubble. Tesla isn’t selling even enough cars to justify its current valuation, and sales are slowing down. The current valuation of Tesla is based entirely on hype, and has been for years. For ever, really, but in the early years it could be justified because it was the fastest growing car company ever, and EVs were new and hot. Now everybody is building EVs, and more than Tesla.
From what I have read, he’s still likely to be able to line up enough votes to get his $1 trillion pay package (and the associated voting rights), despite a lot of major institutional investors being in opposition. But we’ll see when the vote goes though.
I think that Tesla can probably get a more-effective CEO for less money, personally. Even if he leaves as CEO, he still owns 15% of Tesla and is fabulously wealthy as a result. I don’t feel like he’s getting a bad deal.
I do think that there are some arguments that the SEC should pass some regulation to help ensure board-CEO independence; part of the issue is that the board, which is supposed to oversee Musk, has been considered to be acting on his behalf by quite a few people. I don’t think that it will happen under the present administration, though.
He wants the bragging rights. It’s just a game at these numbers
1 Trillion % this.
Effective yes, but uh what’s the wording image-that-props-up-crazy-valuation no.
I think that Tesla can probably get a more-effective CEO for less money, personally.
Musk takes $0 pay as CEO other than these post-performance-goal-hit pay packets though. Good luck finding another CEO who will work for free for 5+ years.
I’ll happily do it for $1 million a year and do a hell of a lot better than musk. Considering the difference between $1 trillion and $1 million is pretty much $1 trillion I’m basically working for free.
He’s not getting paid a trillion a year - he’s getting paid $0. They pay you $1mil a year and go nowhere good. They pay him nothing and if they hit goals people say are impossible he gets a trillion.
threats from Musk to step down if the deal is rejected
A threat is a good start, but is it a promise?
HOW IS HE WORTH A TRILLION DOLLARS
He’s not, he’s merely asking to be worth $1T.
Goddamn. It would be like rehabbing Quisling if they gave that fucking weasel what he wants.
Strange, because in order for Musk to get any of that $1trillion pay package, the part of Norway’s mega wealth fund invested in Tesla would have turned into a mega mega, mega, unbelievably mega, wealth fund. Voting against their own interests sure is something.
Voting against their own interests sure is something.
You’ve been doing it your whole life according to the shit that comes out of your account, but that’s not surprising for a lead poisoned boomer.
