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I voted for. Elon is the same as Jobs was for Apple. I don’t want some typically MBA CEO ruining the Tesla magic.
Lol
tesla to 1000 right?
It’s true. The company does some really quirky stuff and I love it.
Yep.
Tesla success is because of Elon. You can hate him all you want but pay the guy what he's due and what you agreed in years ago.
Nicely put. Elon is Tesla.
What success?
What sort of magic are you referring to?
Only 1000?
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It would be a lot higher than 1000 before Musk gets his payday. The thing about the payday is that it is very unlikely to actually happen, and if it happens, you will be very happy about it.
Cool. So, Tesla IS a automaker... And do you mean most profitable by gross margins or total revenue?
TSLA is up 84% YoY and 22% YTD. Get off the anti Elon bandwagon
That’s after a septuple-spilt.
😄
I better remove my sell order I have setup at 600
There is something fundamentally broken with the system, and that anyone thinks this compensation plan is deserved is beyond me.
The pay package just seems so large even for him. Plus, he hasn't been putting Tesla first. His politics are harming the brand and he doesn't seem to be very present when he's running at least four other companies. Could you imagine the investor outrage if Tim Cook or Satya Nadella were working as part time CEOs?
I, too, like what Tesla does but we don't need an arrogant, hypocritical, obnoxious asshole leading the way. Musk talks about freedoms while being quick to dismiss anyone who disagrees with him and excludes people living contrary to his narrow beliefs (such as his transgender child). He's not really a role model. And I fail to see why he deserves a trillion dollars (supposedly to build a large, autonomous robot army)--he's ridiculously wealthy enough as it is...
IT's really simple, if you don't agree with the plan then sell all your TSLA shares. TSLA is ATH right now, so it's a perfect opportunity if you think this is a bad move for the company. FWIW, I only have a really small position, Sold most of mine a long time ago.
Did you even read it. The stock price has to reach certain levels in order for it to payout.
How does that change the fact that it shouldn't be going to him in particular due to actions and how they've impacted the company? I don't think anyone is debating whether the package itself is aligned with shareholder interests.
If you own shares and don't agree with the plan, then vote against it. You may be making a good recommendation from an investment perspective, but the whole point of these votes is so people can use their shareholder rights.
Great, then that money should go to the people actually doing the work and not running around trading the brand and/or focusing on his privately held companies
All of these headlines are just clickbait. This is an incentive based bonus plan and this is the top tier. Essentially, it’ll never happen unless the company hits some incredible landmark goals. But this headline keeps getting posted over and over again and people keep not reading.
Tesla is a meme stock. The stock's performance should be a reflection of the company's effectiveness in reaching goals, such as sales and revenue, profit, technological milestones, etc. Musk can get Tesla's stock to go down or up based on his tweets. He shouldn't be rewarded for inflating the share price with lies. It's malpractice.
There’s no need for that pay package when the best thing that could happen to Tesla is that Elon Musk is asked to leave.
Last time I checked, Tesla's success already made him the richest man on Earth. And he still takes the biggest individual chunk by far of any rise in the stock price. Is that not enough?
Many of the employees get RSUs. They directly benefit from him hitting those targets.
Typical behavior lol
Why read many word when headline word think for me?
What are you talking about, this is the best type of compensation package. It’s literally being put to a vote…
of course! you should do that first, but if you don't like the outcome, then sell your shares!
Last time he got a pay package like this, he and the board knew the set goals were quite realistic. He also has nearly complete control of the board because they're all his friends. Is that the case again here? He'll still get billions even if he doesn't reach the upper tiers. Every company needs a full time CEO who only works to the growth of the company. He hasn't agreed to that and often does and says things that hurt the company.
The package is designed as such that Elon won't make any money unless you as an investor do not make a shit ton of money too with your shares though, so in reality it isn't really a good idea to vote against it if your goal is to make money on your investment. To be honest. Same with the last compensation package, if you held your shares since it was passed you would have made a lot of money. What's wrong with that?
Whether it is put to a vote or not is irrelevant to the fact that no individual is worth a trillion dollars, and it is an abject failing of society that one can be worth half that much while countless people struggle for their lives.
If you actually read it it's "Some random guy said that Charles Schwab told him (even though it's not public) that they will vote yes." Just a bunch of rumors.
> he and the board knew the set goals were quite realistic. He also has nearly complete control of the board because they're all his friends. Do you have facts to back that up? It was widely reported that the goals were fairly lofty and the company was in a tough spot financially leading up to the model 3 ramp up. Not disagreeing on the point that the board doesn't seem to be as independent as i would like
Pay package is absurd.
You don’t get to tell people what to spend there money in or invest in you control freak
Typical Redditors won’t understand this. There are a ton of new school fans in r/apple that think Apple is better off with Tim Cook (realistically the best case successor) than the visionary cofounder.
So many incredibly rich people at Tesla through the options programs the past 10+ years. He's not the only one by far
“Worth” is a loaded term that people use and don’t know what it means. For one thing, It’s all kind of bullshit, he can’t actually make use of the full net worth. Even if he could, there is a prevailing sentiment that the economy is zero sum. This is not true. More pie isn’t taken from other people, the overall pie gets bigger
Clearly he’s hit on a sensitive subject for you
🙄 Read up RSU.
So why tf does someone need $1T dollars?
If Tesla goes to 8 trillion I will make a lot of money. So will others. So yes i think it will be deserved
[deleted]
Go back and look at where Tesla was as a company and what every expert in the automotive industry thought about Tesla's odds of success: He knew his goals were achievable even if they weren't realistic, but there were very few other people who believed it could happen. The goals outlined in this new proposed compensation package are incredibly ambitious... arguably much more so than those in his 2018 compensation package. I would go as far as saying that if Tesla achieves even the 5th of the 12 milestones (1 million humanoid robots deployed and 1 million robotaxis in operation) the world will be so different from today that it might not matter what Elon's net worth is... the world will be progressing down the road to post-scarcity so quickly that USD might not be a relevant measuring stick for wealth.
People thought Jobs was Apple. He's been dead for close to 15 years and Apple is still doing great. A pay package in the trillions is absurd.
The performance goal is Tesla at 8 trillion, so Tesla to $2500 or he doesn’t get paid
Imagine you have a $150, one person offer to invest it for you, promising that he will give you back $850, and only if he achieved that, he would get a $100 fee or you get to keep the profit without paying him extra. That would be a good deal for most people. It is basically a 15% commission
toothbrush hard-to-find racial sink provide squeal cooing price connect roll *This post was mass deleted and anonymized with [Redact](https://redact.dev/home)*
Why would you award a part-time (quarter-time?) CEO with an *additional* Trillion Dollars (more money than a doctor could earn in **four million years**)? The dude spends the majority of his day posting memes on social media, clearly no longer cares about Tesla as a car company and has missed *every single* self-imposed deadline for FSD for the last eight plus years. He spent the last year aligning himself politically against the majority of his customers, causing a borderline collapse in sales in many countries (barely propped up in the US by the tax credit expiry).
There are many intermediate goals. But yes, they'd have to deliver value
So if you own a part of a company and that company is worth a lot, how do you suggest we make sure you're not worth too much yourself without taking away from you what is rightfully yours?
Duh, it does that too!
They are just looking ahead when we have hyper inflation and $1T won't really amount to nearly what it would be today in actual purchasing power. After all, this is going to take a while.
Man, if it went to 8T why the heck not? No one else could do it. No one else could get it to 8T - Elon's comp package. That is the only math that matters. If he does that, everyone wins except people short on Tesla.
Another one who got tricked. Musk will get his massive payday way before 8 trillion
$8T is absurd. $8T minus Elon's comp package is absurd...which is why its attractive. No one else has a shot of delivering $8T - Elon's comp package, no one. The math is pretty clear, this is the definition of a win-win situation.
The idea that Elon is a net-positive for Tesla in 2025 is beyond insane to me. I don’t know what these people are smoking, but it’s some strong stuff. He alienated the bulk of his core market, and has no hope of reversing that as long as he’s at the helm. The #1 best thing for the company **AND THE LONG TERM STOCK PRICE** at this point would be for Elon to leave.
How in the world do you expect Tesla, a car maker, to hit anywhere close to 8T… if they’re not actually selling cars.
>Last time he got a pay package like this, he and the board knew the set goals were quite realistic. I hate to say it but this is the exact opposite of what the case was. There were articles everywhere making fun of him for being such an idiot to accept a pay package that would result in him never getting paid.
No individual is worth billions either, heck not even hundreds or tens of millions. But that's how the world is set up, you wanna give Elon the >20% of control of Tesla that he wants? It's either minting him stock to achieve that (the 1T package) or you change the law to make it possible to convert his existing shares into preferred ones that have 2-3 times costing rightsls or invent a new way. At least he is doing something with his money (right or wrong), if you wanna hate billionaires you should start with people like Ken Griffith, Chamath (the SPAC guy), Trump and the likes who only extract value from ordinary people without giving any in return. At least here if he wants that sweet 1T $ in new shares, which with his existing stocks would push him into mid 2trillions, he needs to 6X Tesla's current Market cap creating value for anyone who holds the stocks. He gets 1T and you get to 6X your money. And all this aside he will still reach a trillion dollar status even without his TSLA, his stakes in SpaceX Is worth as much as his stakes in Tesla, and it's growing much faster than Tesla in monetary value...
Look at the goals and then come back and say that. When I bought my Model 3 near the end of 2018, people were telling me that Tesla was going bankrupt and I was wasting my money.
That has nothing to do with whether the compensation package is deserved, but anyway they do well in energy production. Robotics and self driving have a future Granted the price to earnings make no sense. But I stopped thinking about that a year ago. I’m just here to make money
Appreciate the honest response. Don’t get that often around here.
This news is in context of the upcoming annual shareholder meeting on the [6th November](https://www.tesla.com/2025shareholdermeeting) (3pm CT) and proposal for Musk's pay package (amongst other proposals) which may range from zero to twelve percent of the company depending on Tesla's continuing growth and success. (Not to be confused with the old $56B pay package case which is still ongoing after the Delaware Chancery Court judge blocked it). [According to Tesla](https://www.sec.gov/Archives/edgar/data/1318605/000110465925094562/tm252289d25_defa14a.htm), "*He does not receive the economic value of the shares for at least 7.5 years and only if he remains a leader of the company for that time*". Musk's pay package is tiered. If Tesla doesn't deliver any of the set milestones or TSLA market caps, then Musk gets nothing. Such milestones include: 20 million Tesla vehicles delivered, 10 million active FSD subscriptions, 1 million bots delivered, 1 million Robotaxis in commercial operations, and $50B - $400B of adjusted EBITDA as the other eight milestones. The market cap targets range from $2T to $8.5T. So for Musk to earn the first reward ([1% of Tesla voting rights](https://www.sec.gov/Archives/edgar/data/1318605/000110465925094562/tm252289d25_defa14a.htm)), TSLA must reach $2T in market cap ***AND*** deliver one of the twelve operational milestones. To earn the second payout (another 1% of voting rights), TSLA must reach $2.5T and deliver a further operational milestone (one of the remaining eleven). The final milestone is where TSLA must reach $8.5T in market cap and complete ALL operational milestones. In this case, Musk will earn voting rights (converting into shares years down the line) amounting to 12%. Further requirements are detailed [here](https://www.votetesla.com/compensation-proposals/#second-proposal). If he succeeds, he could potentially control almost [25% control of Tesla](https://www.sec.gov/Archives/edgar/data/1318605/000121465925014515/o102255px14a6g.htm) (up from the 13.6% he currently owns). His motivation for wanting more voting power can be seen in [this x](https://x.com/elonmusk/status/1970538474550747463): "*It’s not about “compensation”, but about me having enough influence over Tesla to ensure safety if we build millions of robots. If I can just get kicked out in the future by activist shareholder advisory firms who don’t even own Tesla shares themselves, I’m not comfortable with that future.*" Original x post regarding the compensation plan from Tesla [is as follows](https://x.com/Tesla/status/1968695220754858305): > Tesla shareholders: We need your vote! Our next chapter will help create a world we’ve only begun to imagine & put the world on a path towards sustainable abundance for all. To make this future a reality, we need your support. We are asking shareholders to vote with our Board’s recommendations on *all* proposals. > You should now have received your control numbers that will enable you to vote. For instructions on how to vote, please refer to your proxy materials or visit [votetesla.com](https://www.votetesla.com).
I think the problem is that the stock is so inflated, and most of that value is his past (over)promises about AI, automation, etc. If you get rid of him and bring someone more even-keeled in, it becomes "just" a car company, and suddenly the market cap doesn't make sense, by about 90%. Personally, I'd love a reset for the company. Admit that ~~robotaxi~~full FSD is ~~a pipe dream~~ a long ways off. Cancel the roadster. Drop all the other BS.
When Tesla hit 8T and beyond, people will claim duh! It is an obvious and easy goal and Elon doesn’t deserve his comp.
[According to Tesla](https://www.sec.gov/Archives/edgar/data/1318605/000110465925094562/tm252289d25_defa14a.htm), "*He does not receive the economic value of the shares for at least 7.5 years and only if he remains a leader of the company for that time*".
I'll re-iterate: how does Tesla get anywhere near that without selling things? They don't have American, Chinese, or European markets anymore. And at least with the US/EU that has nothing to do with the product, and everything to do with Elon.
Love the pushback on this. Many investors were threatening to leave Charles Schwab unless they voted for Elon's pay package as [detailed here](https://www.teslarati.com/tesla-investors-ditching-charles-schwab-after-its-vote-against-musk-comp-plan/). I quote from Teslarati's [update](https://www.teslarati.com/tesla-gets-big-nod-on-musk-comp-package-charles-schwab/) on the news: > Yesterday, we reported on many Tesla investors threatening to leave Charles Schwab as their broker after it was assumed the firm would vote against Musk’s pay package. The impression was that Schwab would utilize the same voting strategies as Glass Lewis and Institutional Shareholder Services (ISS), which both said they would vote against the new compensation package.
He doesn't want it for the money, but for the voting rights.
An increase in valuation of 5x means it’s valued twice of Apple, or Apple and Microsoft combined. It’s worth nothing that the net income for those companies are 5x higher with a linear increase, 50x higher with a non-linear. Apple has an earning per share of roughly 3x that of Tesla, and a p/e of 31-41 in contrast to Tesla’s 270-290. So, Tesla needs to improve earnings by 1000%, whilst maintaining growth of 700%, without going completely bankrupt, to have a similar risk profile as Apple. Difference here being that if Tesla goes down, so does the US economy. That’s not something that can happen overnight with Apple, but definitely something that can happen overnight with Tesla. So yes, you can potentially still make 5x your money, or just, you know, invest in some biotech penny stocks with lower risk profile.
Naw dude, back in 2018 no one cared because no one thought those performance goals were possible. Per NYTimes: >If Mr. Musk were somehow to increase the value of Tesla to $650 billion — a figure many experts would contend is laughably impossible and would make Tesla one of the five largest companies in the United States, based on current valuations — his stock award could be worth as much as $55 billion.
lol...you may not like the guy, but he is very good on execution. He has beaten the odds before and I bet he will do it again...which is why I own Tesla stock. If he makes money, I make money.
Making an EV only car company was a pipe dream too...
You didn't even look at the details did you?
It is crazy to me that Glass Lewis and ISS are even used by any company. Each company should do it's own analysis of what should be voted on.
How's that?
Elon bad man so Elon bad CEO. Classic woke mind virus eliminates the ability to separate personal feelings from logic.
sometimes, and i don’t mean i agree with this, the name is more important than the substance
That can only last for so long though. If that’s what’s actually going on here then TSLA is effectively a meme stock.
Because he's arguably the most prolific tech genius the world has ever seen. Tesla will suffer immensely without access to XAI powering the evolution of FSD and Optimus. There is synergy between all of Musk's companies, the sum of which is greater than the whole. The board and shareholders know this.
So then you are in favor of the incentive plan?
Tesla is not just a car manufacturer, much like Amazon isn't just an online marketplace. You have to look at the future- once cars are autonomous, you won't need to own one. Cars spend more time in garages than on roads. It's logical to assume that car manufacturing will decrease exponentially once you can pay a subscription to access an autonomous vehicle 24/7 without having to pay for maintenance, fuel costs, parking, storage etc, so the decline in car sales isn't super concerning when you look at what's on the horizon. To that point, Tesla is years ahead in autonomous driving systems, with billions of miles of driver data to constantly refined their AI models with, and will: A. Create a very large robotaxi business and B. license this technology to other auto manufacturers, ensuring constant licensing income. Tesla also develops energy capture and storage systems for homes and commercial applications. Energy demand is growing exponential, expect this demand to generate more revenue for Tesla. The biggest thing on the horizon though is Optimus- Teslas AI robot, and this is basically what everything hinges on. If Elon is right, robots will become more ubiquitous than cars and will be used not just in our homes, but in many business sectors. The AI5 Chip XAI is producing will power Tesla's FSD and the Optimus robot, and if it works to give Tesla a competitive edge with Optimus, it's basically game over, and the $8 trillion market cap goal for Elon to receive the pay package will seem low. Lots of 'Ifs' that Tesla needs to turn into 'did's' but you need to stop thinking of Tesla as an automobile manufacturer. Instead think of them as an autonomous AI device manufacturer.
Do you not realize TSLA is trading at roughly it's all time high? I am not sure what universe you are living in.
Good.
Everything besides the cars are smoke and mirrors. The autonomy is incredible but still nowhere near being ready for the masses. FSD V14 is a mess. Robotaxi is a pipe dream. Sure, give it time, but none of this will be achievable without a steady base load of vehicle sales. I honestly question if any of you Elon stans have done the basic napkin math on any of this.
Car ownership will be obselete over the next decade or so. Tesla knows this, so will shift into Optimus, FSD licensing, robotaxi and batteries for starters.
lol
if it won’t happen then why does it matter?
Interesting argument for sure, but I am a shareholder and I don't see those synergies. Quite the opposite, even. XAI already caused Elon to start extorting Tesla, saying he'd do AI elsewhere (and he did/does) when he should have been focusing on Tesla. Tesla doesn't even need LLMs right now. The fact that my Tesla can only use Grok instead of less weird AI is not a perk, it's actually a negative. I appreciate Grok for some things, but not in my car. It's designed to be overly limited in its knowledge to adhere to Elon's personal politics, which is not a good synergy with Tesla. Anyway just generally I think it's pretty reasonable to look at what Elon has done to the company over the last few years and say no thanks. I appreciate what he did in the past, but the dude is lost these days. To be fair, I think the stock price would drop. If your only goal is money, definitely vote for Elon to get his package. If you care about the company as a shareholder beyond just market cap, like say on actual profit, it's a harder vote (but of course, guaranteed it will pass).
I'll just go ahead and say it, this is insane that its even being considered. More insane that $1 trillion dollars is even up as a performance reward. BTW, where the hell is the roadster??
His politics have done more to damage the Tesla brand than any poorly executed new vehicle (cybertruck) could have. The board needs to reel this guy in. Handing him a literal trillion dollars is not a good move. We will see I guess.
Tesla isn’t a car company so no need to ask where roadster and mass rollout of semi are. It’s a tech company. Where the hell is ny to la coast to coast self driving by 2017?
Good. It's going to be approved.
Well that's part of the bet now isn't it. This entire thread is pretty much do you think Elon can make Tesla an 8T dollar company and do the shareholders agree that if he does should get this large pay package. This whole point is moot if (like many in this thread and on reddit point out) he is unable to deliver those results, so it shouldn't really matter, because most people think he won't be able to achieve those results.
I get that, but my position is even beyond that he shouldn't be getting this new pay package: I don't think he should have his *existing* pay package (in other words, a smart, sober board would oust him already). The company isn't getting his time and attention as-is. And that's besides the fact that he's effectively serving as negative marketing to Tesla's core market. The idea that they need to "incentivize" him to start paying attention to Tesla will go down as a highlight of the absurdist era we're currently living in.
> Everything besides the cars are smoke and mirrors. Are MegaPacks and Powerwalls smoke and mirrors? I literally got mine installed today - it definitely looks like it is made of solid material and not smoke and mirrors.
> Tesla isn't a car company Oh here we go with this again. Gotta hand it to Tesla PR (when they had a PR team) they really got over on a lot of folks when they said that. Let's just ignore the Giga-factories and all car production.
I mean, yeah. The volumes of those products are so ridiculously low they barely register.
"performance award" 😂
who invests in tesla NOT for the money? lol
Employees own stock and may vote based on ethics before pure profit, for example. But my point is actually that the stock price would almost certainly go down if Elon didn't get it and left, but long term the company may be better off. So it's more like short term pain to improve long term profits (which is somewhat common if you're "long" on a company).
Being in charge of 100,000 workers gives you leverage. Being in charge of millions of robot workers (the literal milestone) gives you more leverage than any human being in history has had. When you have more leverage you can create more value. If you can create multiple trillions of value then yes your actions could be rewarded with trillions of dollars - and if you can't create value than you should get nothing.
Those are not contradictory statements. He and the board believed those goals were achievable, albeit ambitious. The market at large did not. He staked his income on being right. He was, and was rewarded commensurately. He now has a new set of even more ambitious goals and an even more exorbitant payout if he takes Tesla there. Will he manage it? I'm skeptical, but it's worked once.
Says the crowd that kills people over opinions
Experts thought it wasn’t feasible, not Musk and the board which OP said.
I wrote about this topic when it came up last year. You can read through the thread for more context as well: https://www.reddit.com/r/teslamotors/comments/1h57lw9/tesla_loses_bid_to_restore_elon_musks_56bn_pay/m05an2x/
That’s not true. He’d make around 100B on targets that would mean Tesla has underperformed the S&P500. To put it into context, that figure is around 200x higher than what Nvidias CEO is getting. Nvidia being the most valuable company on earth.
Sorry I forgot sarcasm isn’t sarcasm on reddit without /s I thought it was obvious enough when I poked at how it doesn’t live up to its tech company promises either.
You’re wildly incorrect. Tesla is less profitable than most car companies on percentage terms. Look it up.
> he and the board knew the set goals were quite realistic At the time literally every expert said it was utterly impossible that Tesla would even exist, let alone be selling anywhere remotely close to the number of cars required for his pay out, and it was impossible they would be valued at even 1/4 of what they ended up being valued at His new proposal is even more out there. Tesla would have to grow it EBITDA faster than any company ever has in recorded history.
by selling things that are not cars, obviously.
I need the /s lol I got it!
As a thought experiment, if it were just a hypothetical person who is the richest person in the world, I’d be hard pressed to award them a trillion dollar pay package no matter how many great things they accomplish.
Total clown show. It’s pretty pathetic that this is even being considered in a year where sales are down 13%
Why would you ever have a sell order at anything less than 4000
The stock price is just what people believe the company is worth. TSLA is basically a meme stock at this point. The fact that the CEO needs this pay package to stay motivated to do his job is a red flag, but the fact that the board allows for it is an even redder red flag.
I'd say continue working on Robotaxi, Optimus, and other moonshots. Just don't overpromise to your investors by saying "New York to LA without a driver next year" every year for almost a decade. Tesla's FSD technology is probably still the best on the market and, even though it might still take years, the Robotaxi future is realistic.
Read item 3 if really want to go nutz, separate from the trillion they adding 100b for him with no strings, and lumped it in with employee stock options which are 100x less combined then what elon will receive. The company board is a fraud
"Tesla stock is overvalued and actually really worthless despite its valuation, so it's unacceptable that Elon Musk be awarded with a large amount of that stock that I've already claimed to be a meme."
\- Apple Computer, 1985
Apple's doing just *fine*. Might I remind you that their greatest "innovations" in the past 8 years have been the adoption of USB-C after being forced by the EU, high-refresh-rate displays years after everyone else, and a disastrous AI rollout. They're coasting hard on brand cachet and blue bubbles.
More like TSLA $2555, to hit $8.5 trillion.
Again people seem to have a problem understanding ownership and control in the company is not the same has having cash on hand. It’s not a difficult concept.
this shareholder meeting includes a proposal to get more stock for employees too
If it wasn't about compensation they could just make voting shares like google and Facebook do. This is about the trillion dollars not voting rights
Cool, what does that have to do with giving that musk dip shit a trillion dollars? Even if he was the best CEO ever, no one should be paid a trillion dollars, for anything, ever. What is wrong with people.
I understand. I’m not some insane person here to argue with you. I can discuss this normally. he’s not getting paid cash, he’s getting paid shares to get up to 25% voting control. This plan aligns Elon’s business interests with actual performance metrics. He needs to hit all tranches to get the voting control he wants. This includes annual 41% Bottom Line EBITDA growth for the next 10 years. I know you feel like you’re taking crazy pills and a trillion dollars seems like a gratuitous amount. But humor me for a second and put yourself into the shoes of a Tesla shareholder, one who has money on the line, wouldn’t you want to see this crazy plan through to the future? Just to see Elon fail at hitting the metrics? Maybe, maybe not, but history has shown Tesla shareholders are crazy enough to do just that (hence why the previous 2018 performance based pay package was approved) Here is people other than Elon talking about this process, a lot of thought went into this plan: https://youtu.be/bMSIWvWy-E0?si=_Aqpu763RFg614xu
this was discussed, separate voting shares can only be created at IPO per NASDAQ listing rules.
Ahhh yes i remember that misinformation. The rules simply state the share holders must vote on it. Funny huh? Look it up
I just did, Nadaq Listing Rule 5640 prohibits this exact scenario, do you have a source I can look at? “A Nasdaq-listed company like Tesla cannot create a new class of shares with superior voting rights after its initial public offering (IPO).” ^ This is what I get from Google too, am I missing something?
Nothing like rewarding a CEO who is decimating the only actual revenue stream because of...check notes...wokeness. Shareholders - you are out of your minds.
the package pays out in EBITDA growth and sales numbers, not on stock price alone
> the Robotaxi future is realistic. Realistic? Sure. There are multiple offerings on the market that already work decently well. But what's the total addressable market? Even if every single taxi and uber were replaced *just* with tesla's robotaxis, it still wouldn't support the market cap. Elon was directly promising that every Model 3 owner could clear 200k a year letting their car drive around as a taxi. It just doesn't make sense.
This is not correct, the first 2 tranches can be reached with company performance that's below the S&P average, and another proposal gives Musk hundreds of millions of shares with no milestones at all.
Good? I want tesla to become a 8.5Tbcompamy and achieve all that
Imagine that dude has 120,000 people helping him grow that money, but he's the only one getting paid. The deal also requires that you consult this guy any time you vote in an election from now on, and he gets to tell you how to vote. Also you have to give him a fee regardless of if the money gets bigger. That would be a bad deal for anyone.
Nasdaq listed companies cannot do this after the fact
which proposal gives Musk shares with no milestones? that would be genuinely insane
Proposal 3. 208 million shares at board discretion alone. It's also tied to employee compensation - so if you want to give shares to Tesla employees, you have to give many more to Musk himself. No way create incentive for employees without also giving Musk much more himself.
I think that proposal is to create a bank of shares to use for the award stated in the previous 2018 proposal, as well as any other employee awards, so that they don’t have to issue new shares again in the future. Proposal 3 doesn’t actually award the shares to anyone
He doesn’t add any value to Tesla let’s be real
Tesla is easily one of the best companies at paying employees in equity. So everybody makes more money. And if the stock crashes he gets nothing. But either way, it really doesn’t matter what he get, he already said he has more wealth than he can even possibly consider spending. It is about not loosing control of the company that he considers to be extremely important for the future of humanity. And that part should be understandable, if you are going to build a robot army, you don’t want a board of investors to simply vote you out, as boards very commonly do with founders and almost always end up in disaster
He already got 26 billion in shares from the board, with no milestones. He's been far past overcompensated for his poor performance. If they actually wanted the illegal 2018 award, they'd just offer the same thing again, only in Texas instead of Delaware. Instead of draining the employee share reserve to give to him, then asking to create even more shares that the board can give to him whenever they want. Note that whatever purpose you claim these shares are for, they still dilute shareholders for no benefit. And the proposal still has no milestones.
In terms of investment there package makes sense because Teslas value is based on vapor and empty promises and Elon Musks existance for some reason. In terms of the company and the cars themselves get Elon musk the heck out of Tesla! I just want a good EV I don't give a shit about robo taxi's or FSD beyond its current state. Just give me a good car and good support for that car and let me enjoy it
The first tranche, over 35million shares (\~$16B at today's stock price), kicks in at Tesla being worth "only" $2T and Tesla sales staying the same for the next 8 years.
I don’t see him staying long enough to get the full package. This is nearly a decade long deal, I could see him moving on within the next 3 years for obvious reasons.
sure, i’m not here to argue about any of that
I honestly hope he reaches the goals needed to unlock this pay package because that would mean my shares in Tesla would make me a handsome amount of money.
How much profit has Tesla made in its lifetime?
sort quickest cats fear ten unique selective observation nail like *This post was mass deleted and anonymized with [Redact](https://redact.dev/home)*
But Tesla is already incredibly overvalued??? Do you want the price to rise so you can dump it on some sucker?
LOL all good I was like damn you’re coming at me hard but I think we agree what’s going on
Only 2T? How many start ups in the last 2 decade have reached a 2T valuation? Thats almost twice of what Tesla's value is today. You think its easy?
Are you being deliberately obtuse or you fell on your head as a child? How have they handed him a trillion dollars already? I will give you that trillion dollars if you can create the value of Tesla 8.5x from where it is today. Until you do however, you dont get a salary. Up for the challenge?
You don't need to be so insulting or angry to strangers on the Internet. I honestly think the board is trying to let Elon hang himself by giving him the rope.
So what happens when Tesla tanks as absolutely nothing supports it's insane valuation? Can't wait
Tesla better hope BYD and other Chinese makers don’t never get into the US market, that’s the only way TSLA might hit the goals they want musk to get them too
over 9000?
According to you. Not according to the market
Calling Tesla a startup at this point is disingenuous framing We’re not talking about a startup going to 2T, we’re talking about a company worth just under 1T go to 2T
I don’t care if the company hits landmark goals, no one deserves a compensation package of $1 trillion
It doesn’t matter what you do, saying anyone “deserves” a trillion dollars when they’re already worth half a trillion is just flat out wrong
Then why did he sell voting shares to buy X… Seems like he made his own bed and you’re trying to bail him out
I don’t care how much someone can grow a company Giving someone worth half a trillion a trillion dollar pay package while people starve is just disgusting
Can Tesla grow to a bigger market cap than 10 times the rest of the biggest US 10 carmakers? That's insanity, surely.
He does not get paid in food, nor in land, or fertilizer or animal feed. He doesn’t not get paid in seeds or trees. His pay package doesn’t in any way impair feeding people for free or otherwise. People don’t eat cash, they do not eat stock options. Nor do they eat manufacturing equipment, understanding this is key to understanding how the economy works Quite the opposite in fact, if the goals of this pay package is achieved, there will be millions or humanoid robots, millions of autonomous vehicles about working tirelessly to produce many things, food included, making it cheaper and more available. Rome didn’t give free bread to its citizens by legislation, they did it by enslaving and robbing other people food. You can not envision a utopian future in which people have all their needs met, while they enjoy free time, like nobility of old without having a massive army of robot serfs producing everything we need. And if Elon Musk manages to usher in this future in which humans can just chillax and have their needs met , then he deserves to get as big a meaningless virtual money sum as he desires. And love him or hate him all you want, there isnt a single human being on earth who is doing more to achieve a future without scarcity than him right now.
Tesla barely makes any money, and has no serious plans to actually make any- it’s a bubble
It’s in the s&p500 capital is flowing in anyhow so doubling should happen in about 8 years if it just follows average market. Looking backward is extremely dumb because no companies ever had such high valuations
Granted their revenue has stagnated and profit dropped for 2024. But which world are you living where 7billions in profit is nothing? Two previous years they had 15billion each in profit.
You are actively ignoring half the story. Read into it please - he gets to retroactively buy shares. Its only worth 1T because the company did a 100x since that price point. - If tesla is indeed overvalued it will drop. Id it drops musk gets jothing and his existing shares will lose value - there are gigantic goals that need to be met that are not related to the stock process but actually related to the impact of the business - i think his newly acquired shares will be frozen. Meaning also the years after they are granted tesla needs to retain their valuation
Because we need a social platform to not always cater to one side of the political spectrum.
A social media platforms politics should have absolutely nothing to do with voting control in a car company
It shouldn't, but the Left were hating and targeting Tesla like crazy (lawfare etc.). Buying Twitter helped get the side who DIDN'T hate Elon/Tesla in power, which he succeeded with.
If you still trust the Tesla board to protect the interests of the average shareholder, you’re a schmuck. They are all set up to profit off their relationship to Tesla/Elon regardless of the longterm position of the company. And the wild part is how transparent it is, but people just double down on their delusion
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P/E is \~260. Their core market is gone. The current admin hates EVs and won't re-up the tax credit. The carbon credit scam is over. It's a meme stock.
I did not meant to say Tesla is a start up, although the company still operates like a lean start up, i simply said, is there another company in world which in 20 years has grown as much as Tesla has. Also the doubling from 1T to 2T is not a given. It still needs top notch execution given the Chinese competition. Look at what's happening to German companies. Porsche for example had their profits fall by a whopping 96% and I gave their example because it is one of the most profitable car company in the world.
I did, been a share holder for over a decade.
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