Why the fight over Elon Musk’s pay at Tesla won’t end with shareholder vote

Musk, Tesla, and the Delaware court system may be headed for uncharted legal territory.

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The company has argued that without a sizable pay package, Musk could lose focus on the carmaker given his other ventures ranging from social media platform X to SpaceX and his artificial intelligence start-up, xAI.

So, they are saying he's a crappy CEO who requires tens of billions in bonuses just to do his job?

The man already owns more than enough Tesla shares - if keeping the value of those isn't enough motivation, then it's high time for a new CEO.

It's not like he's been contributing anything to the company aside from his name and some questionable decisions for a while now, and his name has been hurting more than helping these past years.

Not to mention that he just redirected a huge order of AI processors from Nvidia intended for Tesla, and desperately needed if their "autopilot" is ever going to work properly, to his personal AI company - the order contract must have been pretty shady to begin with for him to even be able to do that.

Call his bluff and let him walk - the company will be much better off without him. If he decides to divest himself of his shares, all the better - without him attached, they might actually be able to right the ship and get back on course.

There is no way I'm investing in Tesla with him at the helm, but if he were out of the picture, they might be able to become viable again.

 

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He's not terrible, because he's not present. It can't be a coincidence his companies experience problems when he gets involved.

And that's exactly why he shouldn't get this crazy bonus - with any luck, he'll decide to walk away in a huff, and everyone will be better off for it.

His presence at Tesla is like an anchor; not one that keeps a ship from drifting away, but one tied to its leg, dragging it down into the depths. It's time to cut the line.

 

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It's amazing how deluded people are when it comes to cults of personality. They're willing to let someone light their money on fire. They complain about the Government interfering in letting it happen and then when their stake is worthless somehow complain that it was the Government's fault, not the Bozo that lit the match.

Sigh. I just don't understand personality cults.

Especially when it is just such a terrible personality.

I will admit, I got caught up in the idea of Musk being a genius back in the early days, when he put on his good guy mask, was saying all the right things, and making a lot of decisions that just seemed objectively pretty good.

But he dropped that persona years ago, and showed the world his true nature, for all to see. It was basically the exact opposite of the act he had been putting on, so I can't understand how anyone who supported him before would support him after, especially as he's just gotten worse and worse.