What Elon really wants is to earn easy 30-50 bn to replace those 56 bn he lost after the rulling of his package in Delaware... And to get Tesla cash to invest in xAI for his own benefit
So, since he isn't getting cash, all he's getting is stock, all we need to do is have the stock price crash and he gets nothing either way.
Yeah. He can receive around 50 billion just meeting minimum goals. Pretty crazy.
If only the Wall Street can read your post! Tongue in cheek but 100% agree.
Musk found infinite money glitch.
Well, assuming the stock doesn’t tank.
People of this sub, just let it go already.
Their explanation for why he needs the package is still mind boggling to me. He already has hundreds of billions in net worth from Tesla stock. If that isn't enough to keep him motivated what is another trillion going to do?
So like the last one with the deceitful “this is so hard!”, this one is bullshit as well to the surprise of no one.
Well as he gets new stock he can start offloading his current stock so when he and the other big investors get out the price could drop to $0 and no one of importance loses money....just the dummies that believe it will hit $5000/share and old folks that Fox News will be telling to buy as the stock starts sinking.
When so many retirement funds are invested in TSLA, it makes practically everyone a stakeholder.
SO much meritocracy right now in Amerika, mind blown!
That stock won't ever tank, there is some serious cash keeping that afloat for whatever reason.
I appreciate your reply, thank you. I just find that 90% posts here are hate ons, and really not useful.
From the board's perspective there is no one who can better lead the company. By lead I mean make promises about a hypothetical in which Tesla actually has FSD and AI powered robots in every household. It's not about the money for Elon it's about having the most money.
He has all kinds of security clearances. My guess is he’s selling military secrets to China/the saudis in exchange for them holding their position.
Praise Emperor Musk
Most people have some integrity and business ethics but no Elon. If GM or Ford was run in this manner they would be ridiculed by media, cnbc hosts, analysts. But not Elon. Everything that comes out of his mouth is another revenue potential stream. He has delivered nothing in terms of end products expect the 4 cars. Semi is still in beta. I don't see it widely used. The Cyber truck is a huge flop. The sportster is MIA. The 400 mile range affordable cars are non existent. Self driving is a never ending series of upgrades that promises the next will be the full self driving version. What else? The affordable EV, which pumped the stock a few yrs ago was a lie. Robotaxi? That two door BS design. Where is that? The list goes on and on and the failures keep coming Edit: I forgot the biggest con of all. OPTIMUS. My god the analysts have a huge hardon for Elon. We have companies that are 10yrs+ ahead of Tesla in terms of robotic and they think he is the golden child to deliver on it? We are indeed living in bizaro world
He stacked the board with Toadies, Which means he's pretty much your typical American CEO of a large and bloated corporation. This results in him not producing much in the way of tangible value despite His exorbitant pay package. This is unfortunately quite common these days it's one of the reasons why layoffs are happening so often now, they're trying to fluff the finances to make things look better than it actually is.
Stop with this negativity! Poor guy needs to eat and have a roof over his head!
The guy did hitler salutes on stage and his pet project, the cybertruck, is a massive flop and the stock keeps rising. At this point, I am not sure how it coud go down at all....
Everyone likes free money.
Lol lick boots more. You probably think he's an avatar of the future yes?
$1.35T market cap is pricing in ~$50B/yr profit stream, equal to that of Toyota, VW, *and* GM's. Cybertruck and this week's bottom-bin Y has demonstrated the company, for whatever reason, is no longer capable of creating compelling cars. The robotaxi play requires FSD to be solvable by Elon soon, but not easy enough for companies lacking Elon's once-in-a-generation genius to also be able to solve it this decade. As for Optimus, LOL.
Alternate headline: Musk set to steal a decade's worth of profits.
Won't ever because things definitely last forever within stocks and markets. Definitely.
It is a meme stock, just like the one trump created last year that holds truth social; it is valued at hundreds of millions despite losing money every quarter and having a tiny user base. Just another way to bribe the president w/o it being super-super-super-duper obvious, just super obvious.
It's called his rate. That means, even if he does a bad job, they still gotta pay him that 50 bill.
Even if he does a bad job they still have to pay him 10 bil
USA is in an age of decadence, and Trump and Elon are cult leaders with a following who are the main drivers of the erosion of the values and foundation of the country.
He should be paid in 1B lbs of ketamine
Ought to empty Tesla before it goes the Enron way.
It’s going to really suck (for him) when he gets to a point that he can no longer pump his own stock and all of his margins get called and he has nothing left to leverage.
I…just…don’t…get it. This man has already grifted more money than anyone could spend in ten lifetimes. What’s the goal here? What’s the payoff, just being richer than anyone else?
How do we do that though
it is a massive house of cards
And they watered down the goal so much that they aren’t at all ambitious by the standards they set by his BS hype campaigns
They never reached as a company not even the minimum amount he is going to get. Complete scam
The adulation and cult following he has is because of the myth of the tech genius/savior that became the richest man in the world. Being literally worshipped as the person who is going to salvage humanity is very addictive. As you said, the money he already has is already orders of magnitude more than what is reasonable. But psychologically he needs to preserve the myth of Musk at any cost. So extracting obscene amounts of wealth from a company that is not really that profitable and on the backs of cult investors it is. Remember that being the richest person in the world is all that is needed for cult followers to deflect any criticism. How many times have we heard that if critic X is so smart why isn’t he as rich as Musk
Valued at close to 5 billion. But your point is correct. Presidential corruption is the new patriotism.
It’s actually far surpassing a century of profits at current levels.
> It’s going to really suck (for him) when he gets to a point that he can no longer pump his own stock No, it will suck for all the bagholders, not Musk.
I hope they plow all their revenue into his pockets. The shareholders deserve the outcome, and deserve to be taken advantage. You can only hold a con man accountable to so much. The fools have a significant share in blame.
I don't know if this is a thing that happens or is possible, but I wonder if this pay package is conditional on him buying Tesla stock to prop up the value. THat's the only way it makes sense to me. I imagine if the company just bought up the stock it wouldn't affect the price as much. But if Elon buys the stock maybe it can be hidden better?
Musk cannot possibly be important enough for this level of pay
We have to compensate Elon!! The idea that the world’s richest man (who already holds a shit ton of TSLA shares) isn’t being fairly compensated is ret@rded. Tesla superfans are a new breed of stupid.
I’m sure you’re right. It is remains bizarre to me that given how many blatant tech failures he’s had (hello, FSD, CyberTruck, Robotaxi, etc.) this belief somehow remains. It would be really, really good if our society could stop equating having money with having value. Yeah, I know.
If the Robots and their Robotaxi launches never happen or perform poorly, it will absolutely crash.
Serious question for those that read the article and saw the compensation chart. Could he spend about 1 billion of his own money, buy everyone 1 month of FSD, and hit the 10 million users mark, and net 25.4 billion? Could he buy 1,000,000 optimus bots for 50 billion and net another 4.6 billion? He could be his only customer, meet all the milestones, and make more money than he spent. This feels like a cheat code.
He was never going to receive cash. But he was going to receive fully vested shares. As it stands, he’s trying to claw back those shares - vested as they were - without it being contingent future deliverables. In short, we need to crash the stock sooner than later.
Shoot 100 times higher than you want them to give you and they’ll think they won when you get it
Please tell me 1 person in history that had this happened to him. I’ll wait.
So we’re just pretending that the 1929 market crash that caused the Great Depression, wasn’t because a bunch of chuckleheads borrowed on margin and couldn’t cover their calls? Then when we repeated it again in 08? More recently… >*”Bill Hwang and Archegos Capital In March 2021, Bill Hwang's private investment firm, Archegos Capital Management, failed to meet margin calls from its prime brokers, triggering one of the biggest and fastest losses of personal wealth in history.“* https://verifiedinvesting.com/blogs/education/margin-call-mayhem-the-leverage-trap-that-destroys-fortunes >*Aubrey McClendon: The former CEO of Chesapeake Energy faced a personal margin call in 2008 during the market meltdown. **The pressure forced him to sell a half-billion-dollar stake in his company at a huge loss**.* This is probably the clearest example of what can happen to Musk if he isn’t careful . The road is littered with the corpses of giants. >*Long-Term Capital Management (LTCM): In 1998, this hedge fund, which included two Nobel laureates, collapsed spectacularly. The firm used extreme leverage, at one point having borrowed $125 billion on just $4.8 billion in equity. When market conditions shifted after Russia's financial crisis, LTCM received margin calls it could not meet, forcing the Federal Reserve to intervene to prevent a wider market crisis.* This was basically for-shadowing the 08 melt down. >*Goldman Sachs Partners: In 2009, some Goldman Sachs partners were in the awkward position of having to borrow millions of dollars to meet margin calls from their own firm after the value of their investments fell.* >*Blackstone and KKR: In a more contained scenario, private equity giants Blackstone and KKR have also received margin calls over the years related to leveraged loans against stock holdings, though they were able to meet the requirements.* Learn from history, especially recent history, or repeat it.
That is why Elon Musk is a genius. He let everybody focus on 1 trillion dollar pay if he reaches the milestones in 2030. Not knowing if he failed to reach them, he can still be paid tens of billions.
This really is a game of musical chairs but in this version musk gets to keep sitting in the only chair on the floor while all the investors keep dancing around him expecting that somehow magically more chairs will appear.
Dick measuring with other billionaire douches. He’s deeply insecure and his ego is tied to other people being envious. He’s like Trump, wants to be the smartest in the room, the richest, tallest, etc.
The board are all likely to get a package that mirrors Elon's, just for a lower (but still ridiculous amount). Robyn Denholme has had $200 million from shares, while failing to form an independent board (her only job!!). From their perspective they are in on the scam.
But the goals are all impossible anyway.
That's not an 'if'. Neither product exists and never will.
Right. It's the age of con men.
Robotaxis are here in Austin now, it’s just not a profitable one to scale and Waymo is decades ahead
I guess Robotaxi is a generous term.
>Robotaxis are here in Austin now No they aren't.
If people would just stop believing his lies, the whole house of cards will tumble.
It's a bubble. It will eventually burst. There could be a lot of money for the people who can predict just when it will.
The failures to deliver on promises haven't yet put an end to this insane bubble.
Musks MO is simple. Make a tons of grandiose and completely unrealistic promises, then deliver just enough to keep the cattle interested. Very much like a Ponzi scheme.
Egomania. Those big numbers make him feel important.
It's always been like that. The only difference now is that it's been allowed to grow in magnitude.
No scheme this big exists without plenty of accomplices.
Corporate execs are no longer giving due diligence, nor planning for the long term benefit of the company. They now move in to see how much they can loot before destroying ther company and/or its reputation then golden parachute out to their next victim.
With a sprinkle of nepotism since the board is just his family and associates.
He needs his ketamine!
Those holding TSLA aren't investors. They are gamblers trying to play out the bigger fool theory in a closed loop. Yes, they deserve what they get when the whole thing breaks apart.
You have pointed out some very serious flaws in the plan but if he buys all that junk, he'll have to unload it somewhere. The thing is, to buy all that junk, he'll need the cash for the purchase. His net worth on paper might be $500B, but raising cash will mean either selling off some of his ivestment or buying on credit which is the mostly likely.
Yes. Bleed it dry now while the valuation is still far beyond reality.
\> What’s the payoff, just being richer than anyone else? You called it. It's an ego trip for his insecure mind. It makes him feel important and gives him a sense of power. Greed really is just a mental illness. He certainly doesn't appear to be spending it on some extravagant lifestyle like most of the superwealthy.
He's rich because he prey on the gullibility, ignorance and stupidity of others buy offering false hope. Tell them what they want to hear!
The thing is that those "failures" did not fail in their goal, which is to get investors throwing money at him. The whole thing is a giant dog & pony show.
Actually he is. Without his mythology to pump the stock, the bubble will burst. He is the figurehead and the messiah that drives the cult. L. Ron Musk.
Now that he's driven away the demographic that were buying his crappy cars, tanking sales should eventually trigger a mass exodus from "investors."
And be forced to go pick it up himselff, from a remote location on Mars.
They'll work out some creative accounting to make it look like he hit the goals so they can hand over everything to him and stiff the stockholders. That assumes the company lasts that long. I think the bubble won't hold out until then.
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