The other oligarchs are praying Musk gets his package because then they can renegotiate for their own trillion dollar packages. Or at the very least, suddenly them asking for $500B in compensation doesn't seem so crazy. Welcome to capitalism run totally amok.
He totally will quit the company. Source: trust me bro.
Yeah, not like a big portion of his wealth, especially his somewhat liquid assets are tied to Tesla... :D And not like he fund a lot of his pet projects from Tesla.
There is a precedent, it was called the Glided Age in the USA. No regulations, high tariffs, monopolies, and regulatory capture.
Who among us would be comfortable creating a robot army with anything less than a trillion dollars?
He will get this, people need to make peace with it. Yes - it is ludicrous, it is essentially blackmail of the shareholders - Musk even straight up did this the last time around, threatening to divest AI stuff away from Tesla if the last vote didn't pass. It did, and he's focused on xAI anyway - a legally separate company to Tesla. BUT - what is the alternative? If Musk goes, or makes overtures about being less involved in Tesla if the vote fails, the share price will tank. Shareholders who actually care about the longterm health of the company *should* be keen to unshackle it from someone who doesn't care about it beyond it being a piggybank, but it's also asking them to crater their own investment. t would take Tesla a long time to get back to the current stock price, if Elon left or OD'd on ket tomorrow. It might not reach it again, if based only on its fundamentals - as it should be, like other stuff. So, yeah, Elon can pull this shit, and it'll probably work because the alternative is the little guy (and bigger guys) taking a 50-70%+ bath on their investment.
Elon is as trapped as anyone else though-if Tesla tanks his wealth goes with it too.
"He will get this, people need to make peace with it." Most likely. However, court exists, and previous, significantly smaller package didn't fly with them either. "what is the alternative? If Musk goes" Musk won't go anywhere, why do you believe any bullshit he says? A huge portion of his wealth is tied to Tesla. He can't sell his shares on current share price since nobody will buy it as a package. If he tries through the open market the share price will nosedive. He might can liquidate his Tesla shares over a year or so, but it will be obvious for everyone since it's mandatory to report it, so again, the share price will nosedive. He also used his Tesla shares as collateral for several loans (eg.: Buying Twitter). Essentially, if Musk tries to go, his House of cards will fall apart and he will lose a lot of money. Do you really believe that he want to lose half of his wealth because he doesn't get a trillion dollar? That would make zero sense. "Shareholders who actually care about the longterm health of the company *should* be keen to unshackle it from someone who doesn't care about it beyond it being a piggybank, but it's also asking them to crater their own investment." That's why I wouldn't invest into Tesla in the first place. There is no long term plan, no way of winning, it's just casino, not an investment. Sure you can win money in the Casino as well, it's still not a smart thing to do for a living.
Personally I don't really believe he would go, but he would make a big fuss about "not having the control he needs" (which for some reason means money, when he's already the world's richest man) and loudly talk about how he's been forced to do XYZ outside of Tesla. This would all have an impact, and unsettle the company. The reality as we all know is that Musk could barely be more absent in running Tesla than he already is. His own actions have hurt the company in sales, etc. Another CEO acting against their own company's interests would have been ousted by the board a long time ago, but Musk is special and the Tesla board are captured.
"This would all have an impact" Whatever he does, it will have an impact. A totally unreasonable package will drag down the shares on the long run as well. And there is no reason to believe that Musk will do his job regardless, he pretty much have total control over the company anyway, but he rather stack 9 different full time jobs, including his very successful gaming career. I assume (don't know why) that the major shareholders are not completely braindead and understand it as well.
It would be funny to see him quit and take his toys (robots) with him, like he threatens. Those bots are still a clunky mess that can't even walk far. Without Tesla there to help pump things (and provide an actual revenue source), his grand scheme is sure to spin out of control.
I don't even pretend it won't happen. The vote will be yes. It's still disgusting.
Good luck with that since its owned by Tesla. I am not sure how could he take his toys with himself. :P
No!
They aren’t trapped. They can sell their shares now at high valuations. If they love it they can buy back after the crater
A lot of his loans, ate using Tesla stock as collateral. Scary. Imagine if it falls below a certain price, and he gets margin called.
This is why it’s OK for companies to grow beyond their founders. Tesla was a car company, is a car company, and will be a car company. There is nothing left to “disrupt”, they need solid leadership that is not so controversial. Not even Waring Hudsucker hung on forever.
With a trillion dollars I wouldn't need to create a robot army, I could buy one!
True, but he has enough money that he can gamble losing a decent portion of it. Voting shareholders looking to TSLA and co for their retirement don't have that luxury. Basically, they will blink before he does.
Trillion dollar bonus for a car company is beyond nuts. Thats mentalhouse crazy type shit
But it’s a tech AI self driving robot company not car company
I sold all my positions after he did the “Roman salute”. Fuck that chud.
Today is a great day to sell.
1 trillion divided by 250k equals 4 million. So, musk is saying he is worth more than all of Tesla's employees combined?
Greed personified.
Try 98% decline. In order for the company to become revitalized, they need to spend 10s of billions while losing billions in the next few quarters. Even then it might not work.
Who has a good argument that he deserves this pay package?
Let the board and shareholders never forget. [In Musk's own words, this is what giving him more control looks like.](https://youtu.be/-VfYjPzj1Xw)
And he's probably not even fit to be the janitor, lol
Devil’s advocate: Selling point is that pay is tied to incentives that are likely unreachable and arguably would pay back stockholders at a level that might justify if he did. That being said, the guy doesnt seem to understand how BAAAD tge optics of all this is regardless of the outcome. He loses either way. If he gets his way, he looks like a douche and has impossible to hit metrics that burden Tesla. If the pay isnt approved, he publicly gets rebuked yet again and has to decide if he is going to go keep working hard at a place where his credibility is shot or of he is going to take his ball and good home looking like a child having a tantrum. He missed the offramp on this and its going to hurt.
Hey Y'all... Musk's endorsed NYC Mayoral candidate just got his ass kicked. The candidate who, previously as governor, gave Musk's companies (Solar City, whose assets were bought by Tesla) $1 billion in state subsidies without ever employing the number of people that was promised. Gather around everyone... settle in.. I've got a yarn to spin... Cuomo, who seems to have been raking in the money in the past couple of years to the tune of as much as $10 million from his "consulting firm" for which he's the only employee and runs out of his Manhattan apartment, with the lion's share of that money seemingly coming from this unknown company called NANO Nuclear Energy. A company that seems to have popped out of nowhere when it was founded in 2022, IPO'd 2 years later in May 2024 at a $220 million valuation, and in 1.5 years has seen its market cap suddenly swell to $2.2 billion... a 1000% increase. The company's claim is that they'll enrich nuclear fuel with lasers, claiming they're the only company that can do that, and sell them as small pellets to micro nuclear reactors to be used to power data centers and even spaceships! They also claim they'll build their own micro reactors, not just on Earth, but for spaceships! This 3.5 year old company claims to be fully vertically integrated, even handling the shipping of the material. They even have a fancy website with 3d animations and everything! Sounds very similar to something Musk my peddle / support... doesn't it? This company bought its first office building in 2024, a small building in middle-of-nowhere Tennessee, with seemingly only a couple dozen employees. I checked NANO's financial statements for the past 1.5 years... given that they're now a publicly traded company on the NASDAQ that has to report their financials... expecting to see massive revenue growth over the past 1.5 years, explaining the company's rapid 1000% run up in their market cap. Their revenue for the last 1.5 years: $0. Their expenses for the last 1.5 years: $37 million Somehow this company has already been given a small trial contract with the US Air Force for $1.25 million to prove out their reactor technology. The only thing is that, as far as I can tell, they're not actually producing anything, not nuclear pellets, and they certainly haven't begun construction of a nuclear reactor. Meanwhile, the company has raised so much money from their stock that they're now sitting on $600 million in cash. For literally selling and doing nothing except losing money and hiring former politicians and miliary leaders to sit on their board, and paying them off with huge stock option tranches... Trump recently started pushing the agenda to massively ramp the construction of nuclear projects in the US. Maybe had a little something to do with this company's run up? From the looks of it, the run up started even before Trump got elected. Clearly not just a Republican / Trump scheme. So how exactly did Cuomo get on the board of this company? He was even there when NANO was listed on the Nasdaq and rang the bell. This company's board includes Rick Perry, former governor of Texas, and US Secretary of Energy. (This company really likes its former state governors) To add to the shadiness, the founder of NANO seems to have no real education or knowledge about Nuclear energy. He claims to be a rich venture capitalist who grew up poor in NYC, but quickly rose through the ranks at an investment firm, then built out his own venture capital investments. Having listened to him speak, I wasn't impressed. I'd almost guess that he was elevated by someone much larger than himself. Musk? Thiel? Some other unknown techno oligarchs? Politicans? His Instagram is almost barren, with only one post from 2015, and then 29 since 2021... all of which seem to have a bunch of bot replies. And this unknown guy, with very little social media activity, has 1.9 million followers. Who in the hell knows who this guy is, much less is following him on intagram? In other words... bots. This guy's been on Fox Business twice on account of his stock shooting up so miraculously fast, with his latest interview touting Elon Musk and Donald Trump's nuclear policies. Never did the interview ask this guy what his financials look like to justify such a run up... because that would be too easy... Cuomo failed to disclose that he owned $5 million in stock options in NANO, paid to him for being on the board. Cuomo claimed he didn't disclose it because he doesn't directly own those options... rather his one man consulting firm owns them. Him. He was found to be in the wrong. Multiple news agencies reported on this disclosure failure, but none of them ever actually bothered to look into NANO. That's convenient... If I had to make an educated guess, NANO is nothing more than a fraudulent company, akin to Theranos (Elizabeth Holmes), Nikola (Trevor Milton), and well Tesla (Elon Musk)... who all drove their stock prices up using blatantly fraudulent statements that would never, in a million years, hold up in an unbiased court of law... and probably why prior to the presidential election, Musk claimed he'd likely go to prison if a Democrat won... Are we starting to understand why Musk / Trump may have supported Cuomo in this race.. a man so easily bought? A proven corrupted man, sitting on the board of a shady nuclear company that appeared out of thin air and whose stock valuation seems to be a scam, who paid Cuomo $5 million.
The board awarded him 96 million restricted shares under $24 just this past August. For those to vest, he needs to remain in an 'executive role' for 2 years. So no, he's not going to quit and leave 40 billion dollars on the table. At least until 2027.
Wasn't the result of that the depression? It was so big people called it the great depression if I recall correctly.
And they make robots, that exists, and work, and aren’t remote controlled, and that millions of people need and want and can afford. My eyes hurt from winking
Just do whatever gets him on a rocket to mars sooner
Realistically though it’s not because this is 90% likely to pass, again.
I’m sure Hitler would win the shareholder vote, so he’ll probably get it…
They’re totally not tech demos and they are going to release tomorrow. And fsd will be ready 5 years ago.
Al he wants is to be the worlds first trilionaire,cmon guys! Hell no!
Thick fuck
Google said 99.99% it will pass.
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