Don't think he's going to hit any/many of those milestones.
Doesn’t need to!
Shareholders are terrified of TSLA collapsing if Elon leaves. They will do whatever he says.
Tesla is doomed. The Chinese are going to eventually eat them alive. I think this $1T thing is yet another attempt to convince the market that Telsa has unparalleled value. I mean, who would pay a CEO $1T unless it was to change the world and only he could do that, right? It's just another phase of Musk's con job. He'll never get a trillion. He'll most likely bankrupt Tesla. And he will probably end up in jail when all this is over (or he'll kill himself, one of the two).
Why doesn't he need to?
Porque no los dos?
He will get about 20B on the auto target even if sales decline by about 5% from 2025 levels. This is more than every the next 50 highest paid CEOs, combined.
Because he's the only one keeping the dream alive. Tesla priced at fundamentals will crater I think the market works as intended
Failing to realize that the collapse will happen regardless. The only difference is now they've allowed Musk to siphon off additional funds for his private ventures.
I hope Elon [DATA EXPUNGED] himself
When all this finally unravels, it will make Enron look like petty theft.
They're like the crowd who applauds Stalin for 11 minutes because no one wants to be the first to say "it's over."
Yes, but I'm sure many of them now are working on an exit strategy, including Felon Musk and his accomplices.
Yes, the $1T is there to draw attention. It's not intended to offer any real incentive. It's to maintain the illusion that TLSA is a growiing company with a future.
> Shareholders are terrified of TSLA collapsing if Elon leaves. They will do whatever he says. Maybe trying to get all the retail exit liquidity they can *shurg*.
>Failing to realize that the collapse will happen regardless. Failing to realize he'll accelerate the process. As long as his brand is associated with Tesla, they're in for a world of hurt.
That is the summary of why the motion passed. Everyone largely knows Musk is full of shit, but they're more scared if the man baby walks out and takes down the house of cards and the stock with him.
Exactly. The carnival barking can kicking narcissist may have bit off more than he can chew this time.
Until. Democrat takes office. Then he is once again running scared
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He's the duct tape holding the whole house of cards together.
You know they’re gona keep the same lineup for the next decade too.
Based on NYT the vote they didn’t mentioned anything about the cars. They talked robotaxis, robots, and getting people to buy Self driving software. Who are these people lined up to pay $20k for a robot. Even through Tesla bread and butter is the cars. Their focus is elsewhere.
DEI trillion
The Tesla shareholders approved it, not the Board of Directors. If he reaches the crazy goals, he will make them all a lot of money and deserves the $1T.
Elon Musk' s hero Nikola Tesla eventually died penniless and alone...
It’s not the move I would like if I were on the board but time will tell if it’s the right play. More involvement from Elon might just unravel the company if he keeps fumbling.
It has sales performance metrics. I don’t see them going far without innovating new car products
you really think he doesn’t already have plans on how to cheat most of those milestones…
Or when he’s outlived his usefulness he will have an “accident” just like some of the people we know in history who dabbled with bad company.
It was their last chance to show Musk that his bad decisions have consequences.
But his current stake would already be worth almost 1T when reaching the goals. That’s not enough motivation to get him going but 2T is? Shareholders can decide anything they want with their company just the reasoning is bizarre to watch.
"Who are these people lined up to pay $20k for a robot" The same 1 million early adopter who preordered cybertruck. Ohh wait... :(
the fucking **economist** moaning about this..... champion of trade and free markets.
bang on mate. very perceptive ! its a company who's core competency is mythology andthis is merely and extension of that.
Fuckers have screwed shareholders. Can’t wait for the lawsuits to fly.
And just like the CT it’ll be many times more expensive than the promise.
Some of them are easily passable. If they count autopilot or fsd demos as self driving, for example. And a roomba seems to count as an autonomous robot too.
Pretty sure that was the hero of the founders of Tesla, not musk.
Oh no! Anyway.
Elon will disappear if he leaves and Tesla implodes.
Yeah but musks money is Tesla stock. If it craters so does he.
It’s a cult. Remember that and it makes sense. Kinda.
I mean I'd probably pay $20k for an actually autonomous robot that can do generalized tasks. Or even a lot more honestly. But Tesla's robotics will never get there.
How do you cheat at $8.5T market cap?
Tesla is owned by well off Musk sycophants that are comfortable selling shares to each other at ever increasingly ridiculous prices. This helps give them comfort collectively that they have made a good investment rather than buying an overpriced turd of a company.
Then...sell your shares?
I really wish there was an S&P 499 index fund (500 minus Tesla). It’s a meme stock at this point.
That's not his finger. Anyone who buys a Tesla deserves what they get.
It's cute how Americans believe they will still be able to vote in federal elections.
Change the world by “checks notes” running a car company. Those better be some amazing cars… oh they aren’t. Well who knows
Having a useful and most importantly SAFE household robot requires many orders of magnitude the complexity of a full self-driving, which Tesla still cannot make 100% safe.
We certainly not the first. People with billions don’t go to jail and their actions show they know it.
Exactly my thoughts. This is just another gimmick to pump up Tesla stock price for short term.
Blatantly lie to shareholders about future plans /promises as he already does. Leverage your own capital against loans to buy stock above value to drive up prices / slow falls Leverage power with friends or people that owe you to buy stock and continue to drive up the price. All just to start. The market cap will be the hardest part for him; getting the fsd users and selling his robots is easy when he can lower prices or package deals to customers for it.
Which is why Tesla is doomed. Elon has already caused Tesla a good chunk of their future car sales. And it doesn’t seem like he has learned anything.
Your explanation is a bit oversimplified, but it is true in substance
So shareholders see 5-6x returns while customers receive products packaged at lower prices? What horror!
Trust me, we are all aware that they are going to do anything they can to stop fair elections.
How can they justify paying him over 100x the company's annual net profit? They're paying him what Tesla makes in 100 years? How is it legal to just print the money like that and nobody is questioning how it's legal?
Shareholder see a short term growth based on lies that wont hold up. They never receive a dividend at all. Just a bubble waiting to burst as this company can never actually support that stock price unless they become the only car company in the entire world then crank up their margins from 5 to 50% Customers receive software that doesn’t ever do what they were promised and is glorified radar cruise control. Not like he promised FSD to be working over 5 years ago, yet still no where close and tons of deaths he’s hiding from people trusting his software.
Yes, I don't get this theory that there are all of these terrified investors. If you are terrified, sell.
My retirement portfolio is very conservative; I don't buy things I don't understand, and I certainly don't buy meme stocks. I'd never touch TSLA with a 10-foot pole. If stuff has shit fundamentals, unload it. If the winds of the market shift on what was a formerly good investment, unload it. It's really not that complicated. It's certainly not magic. It drives me mad watching people do this stupid shit.
The sad thing is that he probably will hit the first if the stock doesn’t collapse—it’s basically just keeping up with inflation and maintaining current sales numbers (including sales to his other companies or totally-competitive government contracts). Even the second tranche is basically index-average growth and a steep discount on FSD subscriptions and would pay him more than the lifetime compensation of any other CEO. I think the structure of the package is brilliant as a sweetheart deal—the obscene $1t maximum and the genuinely-difficult requirements to achieve it have dominated discussion, allowing criticisms to be dismissed with “If he delivers 700% returns, I won’t mind giving him a bit of it”. If they presented only the first couple tranches I think people would be a lot more skeptical—why pay him billions for essentially letting the company stagnate?
Now every ceo will ask for more money than the already more they are making. What a crazy stupid time we live in.
Hope he rots in hell with the trillion up his ass
There is no way this works out in the long term.
Well he did pack the board with his sycophants and a bunch of yes-men when he got his grubby little mits on Tesla
I mean his brother is on the board is anyone else surprised?
Agreed, but I highly doubt he'll go to jail. Even though he will wreck Tesla, and bankrupt it, he himself is still a multi-billionaire. He belongs to the ultra wealthy. The ultra wealthy hardly ever goes to jail. They are not going to let that happen. They will protect him. Not because they like him, or care about him. But because if *he* goes to jail, it means *they* could go to jail, too. They won't let him go to jail, out of self-preservation. And they have all the money to achieve that. Judges can be bought, especially in the US. Face it, Musk won't lose. The best we can get, is that he wrecks Tesla.
Hopefully the latter.
Yes that's because he was not paid anything since 2018 because an activist investor with 9 shares sued in Delaware and a woke judge stopped the compensation . Guess how much Tesla stock has grown from 2018 shouldn't he be paid for it ? The first tranches are to make up for the last compensation package he never got .
Shareholders voted for this bro . More than 75%
And maybe draw attention away from the fact he can pretty easily slam dunk $600 or $700 billion for partial credit, even if the stock doesn’t octuple and there isn’t an Optimus in every home and FSD never gets good enough for taxi service
How will you afford it once it takes your job?
Shareholders voted for the package . More than 75% of them excluding Musk .
Billionaires are parasites.
Only explanation is greed. He's a snake oil salesman who always misses deadlines, lies, terrible at engineering, and has legit questionable ethics via salutes. Greed.
Hello 1 month old account. It seems like you are here to spread misinformation. Muskalready owns 12% of TSLA. When the stock goes up, his share value goes up. That IS his compensation. If the billions in value wont motivate him, what will more do. You should be embarrassed of your job, btw.
I’m okay with that. Just don’t buy their inflated stock. 290 P/E ratio compared to Ford’s 11 🙄
No matter what the magnificent goals are he's going to get the money because the board will knuckle under and give whatever he wants. Knowing this now it's hard to say that Tesla is not a decent investment on a go forward basis. For some reason this whole situation reminds me of the downfall of Charles de Gaulle. Eventually the people of France woke up and said just move on buddy.
Here’s the good news. He doesn’t have the average citizen wrapped around his finger. And the average citizen has given him the middle finger and said they are no longer buying his products.
He’s got plenty of money outside Tesla… I don’t doubt that he would sabotage Tesla to own the libs or whatever he envisions at the time
Tesla funds all his ventures it seems. Remember how much he had to sell to buy twitter?
Nah the US taxpayer has been Elon’s piggybank his whole career
I don’t know if he'll accelerate it, but he will definitely make the collapse a lot bigger. The shareholders are already done for, but if Musk is given all the freedom to implement all his ideas, it'll be lucky if any factories or service centers will be in operation after the collapse.
Who gives a shit. Let them sink themselves.
The $1T also hides the fact that without hitting nearly any metrics Elon gets paid out the previous tranches that were denied by the Delaware court 🙄
These people you refer to are the ones that will invest in robots to replace humans in the workplace.
He won't even get the first tranche. By the time they sell 20M units, his lofty promises will be exposed as shite and the stock value will regress to the market mean with a price to earnings ratio closer to 30 than 300. The only way the company reaches a $2T market cap is runaway inflation.
And even the potential claim can be collateralized for loans.
Good point. I didn’t think of that!
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