Musk gets 96M shares in "interim award" while 2018 pay plan is held up in court.
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Tesla awards Elon Musk $29 billion after much larger pay plan blocked in court
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A lot of people seem confused. It's not 29 billion in cash, it's a stock option award, just like his previous compensation. He also needs to hold the stock for five years, before he can sell. That means, just like before, if he does a bad job as CEO and the stock price plummets it's not worth jack. If he does like he did from 2018, and drives the value up, he makes out like a bandit.
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The cyber truck should of been the wake up call, his attitude when things failed when showcasing his baby of his, was telling.
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All signs point to the stock never having another meteoric rise like it did previously.
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Tesla is a public company. It isn’t owned or even controlled by Elon Musk (though he is the largest single shareholder).
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Hey guys, let's throw investor money at the guy who destroyed the company's reputation!
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He's done a bad job as CEO for several years now and it hasn't dragged the stock price down much. Their stock valuation is very decoupled from his performance as CEO.
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Edubfromktown
Ars Praetorian
Maybe if they have Rand Paul's neighbor hit 'em upside the skull with a golf club (same as Rand old boy), that might keep Elon "on task"!
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The Sheep Look Up
Ars Praetorian
As @Wheels Of Confusion already said, $6-7B will cover it. If I'm getting that $29B, that leaves me $3-4B to spin up the largest PMC on the planet with the sole purpose of guaranteeing that nothing and no one interrupts logistics and distribution. That leaves me a cool $20B for my passion project: entitled "Look at this guy being wrong on the internet", it involves taking pictures of as close to everyone on Earth you can get, all pointing and laughing at you.
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The Sheep Look Up
Ars Praetorian
If Elon Musk got sad, saaaaaad, and mysteriously killed himself by jumping out of a ground floor window in Moscow, how many cars will Tesla produce the next day?
If every employee at Tesla not named Elon Musk walks off the job, how many cars will Tesla produce the next day?
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Not even an original idea - Harry Harrison got there first with: "A Transatlantic Tunnel, Hurrah!"
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Musk, Google, Meta, SpaceX, OpenAI and the like aren't so integral to the stability of the "West" that if they collapsed tomorrow, China (and the rest of the world) wouldn't have such a resurgence that they would immediately "take over".
Except he isn't. He is an absolute liability that has gone through life thus far unchecked. Despite all of Musk's promises, SpaceX hasn't been able to get Starship/Super Heavy to work, Starlink is an absolute dead-end of an ISP, Tesla has become insanely unfavourable a brand, Neuralink is woefully behind in the BCI field, the Boring Company hasn't done jackshit except a few tunnels in Vegas that can't meet the promised turnaround, X has become an absolute cesspool, Optimus isn't going to meet Musk's predictions, and xAI is absolute garbage (along with all the other LLM companies.)
You know, if you hadn't just insulted everyone, your comment about "adulting" would hit a bit harder. Maybe take your own advice before lecturing others.
There are ~68 million people in the UK and a non-trivial amount of those people need vehicles to live. So while it isn't as big a market as the US or China, it isn't something to just scoff at.
Pretty sure Britons care and OEMs care or they wouldn't cater to the UK market.
What's that about "adulting"?
Pot, meet kettle.
What should we care about then? About how much fealty Musk deserves as the "savior of humanity"? Oh wise uhuznaa, why don't you tell us what we should all be thinking and doing since we're apparently doing it all wrong in your eyes.
How absolutely fucking magnanimous of you.
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Wouldn’t it be in the best interests of Nazia to remove Elmo as CEO, and even from the board so prospective buyers will feel more comfortable with buying a car that has lessened its nazi associations ?
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Sorry folks, we know you've been working hard and putting in long hours to make this company a success, but there will be no pay raises this year. We have to give tens of billions to the wealthiest ketamine addict in the world, who, in recent years, has been avoiding doing the job he was hired for and is actively destroying our company's brand.
-Tesla Board of Directors
-Tesla Board of Directors
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We know how all that works and we also know how things like stock repurchases work. That and the other gimmicky ways that companies have at their disposal to pump up their share value.
I’m old enough to remember when stock repurchases was so illegal. You can go to jail for it. Now it’s perfectly acceptable, all of this just hinders transparency, and makes many companies look stronger than they actually are. I mean how many companies have we seen lately that were fine right up until they weren’t, like Boeing.
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It was a delightfully unhinged wee screed, though. One of those you can point to and say “Don’t be like this guy”
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It could buy therapy, but would 29 billion be enough therapy for Musk?
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Tesla Board of Directors is doing the "Pick Me Dance". Doesn't work on cheating spouses, and won't work on (delinquent) papa elon.
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So, at a rate of $459 per second ($39,726,027/day, $1,655,251/hr, $27,587/min), an average chili day elonesque flatulence goes at around $1400 a pop ?
Also, on leap years he's making $108k less per day, which is in an incredible injustice in my book. We should do a gofundme or something.
Also, on leap years he's making $108k less per day, which is in an incredible injustice in my book. We should do a gofundme or something.
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He was able to get away with this for so long because no other company was delivering on it either. And Tesla was viewed as the most advanced of the companies attempting it (mainly due to Elon's hype). But this is no longer the case. Waymo has begun to scale up their operations in the US and is steadily expanding. Zoox seems to be in final testing and should enter service soon in the US. Baidu is now operating commercially in China and is forming partnerships to expand to Europe. I do think there is a point where investors lose patience and stop believing the hype. And at that point, the stretched valuation of TSLA will come into play. If a few big investors or firms start to trim their TSLA positions and the stock dips at the same time as confidence in Tesla's ability to execute drops, there could be a mass sell-off.
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Tesla's corporate governance is such that you are mistaken. The board is in his thrall, as a finding of fact in a court of law.
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This is the unfortunate result of the "Great Man" theory of leadership taken to its extreme logical end.
Any other position in the company (holding multiple officer positions at multiple companies) or taking months off to pursue political ambitions and they would have been terminated long before this.
The story that should be forefront from this ongoing farce is just how unnecessary the CEO is to the daily operation of a company and that they are way over paid for the value they ultimately provide.
Any other position in the company (holding multiple officer positions at multiple companies) or taking months off to pursue political ambitions and they would have been terminated long before this.
The story that should be forefront from this ongoing farce is just how unnecessary the CEO is to the daily operation of a company and that they are way over paid for the value they ultimately provide.
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Nobody said it was?
What is this? There's too many fuzzy layers here - you haven't made it clear how you're characterising "The West", nor what you think makes it "great", or how that interacts with emotions, or why you're implying that emotional data is inherently invalid. As a result, I'm getting zero actionable data mixed with gross manosphere vibes.
Again, what are you actually talking about? What are these "things that nobody really cares for"? In the context of this discussion that's opposition to fascism, is that what you meant? Are you aware that the fascists are currently the primary reason that the US is falling behind in whatever pissing contest with China you care to take interest in?
That last sentence made me chuckle, two thumbs up
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Plenty of scientists, teachers, and subject matter experts in their fields are plenty motivated to make the world a better place without not a lot of pay. It would be nice to enable those with pure motivations so they're not living paycheck to paycheck so idiots like Musk can live like gods due to systemic flaws instead of actual merit and contributions.
"Capitalism is the extraordinary belief that the nastiest of men for the nastiest of motives will somehow work for the benefit of all.”
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My peace of mind is worth more than the few shekels it would lose in my retirement fund (which I hope to start using in 4 more years.)
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