***From Business Insider's Paul Squire:*** Elon Musk is entitled to his $55.8 billion Tesla pay package from 2018, Delaware's Supreme Court ruled. A Delaware Chancery Court judge struck down the compensation package last year after a Tesla shareholder sued over the massive payday, which was tied to a series of growth goalposts for the EV company. The Delaware Supreme Court's ruling overturns that decision, saying it was too extreme a remedy. Tesla shareholders recently approved an even bigger pay package of up to $1 trillion for Musk if Tesla achieves further sales and growth goals. [Read more about why the ruling was overturned here.](https://www.businessinsider.com/delaware-court-reinstates-elon-musk-55-billion-tesla-pay-package-2025-12?utm_source=reddit&utm_medium=social&utm_campaign=insider-realtesla-sub-comment)
Where do I apply to get a $55B salary for babbling ketamine-induced nonsense between video games? Hopefully he's being paid in hyperinflated stock or Zimbabwe dollars.
Oops .. the guy with 8 shares who sued crashed and burned .
So to be clear... the new pay package was, in part, meant to make up for the loss of his old pay package being revoked. So now this d-bag is getting his old pay package and new pay package! LOLOLOL! This will dilute shareholder value and further reduce shareholders power to have any say in the company's future plans during shareholder votes. Not that they seem to ever vote against the policies Musk supports. The craziest part about all of this is that in terms of actual tangible financial performance... Musk's leadership has generally been shit. He's nearly bankrupted Tesla at least twice, only to be bailed out both times. Had it not been for off the charts subsidization by multiple governments for nearly every product Musk's companies sell, his companies would have gone bankrupt long ago multiple times over. His car sales are down, and every vaporware product at Tesla that he's lied about the status of has still failed to hit the market, failed to disrupt anything, and failed to generate any revenue or profits. We're on the tenth year now of FSD being one year away from being able to drive fully autonomously. 6.5 years of a million robotaxis being one year away from activation. He's a terrible CEO whose actual tangible financial performance and ability to get out new products in a timely manner is trash. Now that international governments are starting to pull back subsidies and regulatory credit schemes, look at Tesla's financials. They're as trash as the company's pickup truck... How's that dumpster doing these days anyways? Still selling like shit? Musk has a solution for that! He used the age old strategy of using one of his companies (SpaceX) to buy up a bunch of product that isn't selling (SwastiDumpsters) from his other company (Tesla), to spike Tesla's sales volumes and revenue. SpaceX bought 1000 still-loading Trucks, for the measly cost of \~$100 million taxpayer subsidized dollars. No doubt, Tesla is now planning to turn around and buy product from SpaceX... namely Starlink hardware and service plans. (see the recent Starlink satellite antenna related patent Tesla just issued) This is akin to what's lovingly referred to as "Round Tripping", a scheme to boost both companies revenue and profit lines without actually creating any positive cash flow for either company. They're basically just trading money back and forth to boost their revenue lines to fake having loads of product demand and revenue coming in. That's also why the practice is illegal... or of course it would be if the SEC were actually doing its job. But I guess what schemes are good for Nvidia, are also good for Tesla.
Silly
Oh thank god I wasn’t able to sleep I was worried for him
So don't invest in Tesla. Why do you care what happens to Tesla if you are not an investor?
I’m literally so upset right now. He keeps winning and I can’t handle it. My wife’s boyfriend loves Elon and it makes me sick.
This can't be true. I'm sure they have language to account for old package being passed in new package. Eff this board if they didn't. I'm not a investor in Tesla but eff that shit.
It is a stock payout - so, it's play money. It just happens to be play money that he can take out loans against and get actual money.
*This post was mass deleted and anonymized with [Redact](https://redact.dev/home)* chunky enjoy judicious aware childlike cause spark ink cats label
Yeah should be illegal to take loans against monopoly money, but here we are
elon must have paid off that judge really good.
I need to mute this subreddit I guess... I can't handle reading any more about this fucking idiot
Don’t worry folks. He said savings are obsolete so he is just gonna turn down the payout because it would be pointless to accept
Fairly sure the most recent vote gave him a pool of tens of billions of dollars worth of shares just for doing nothing, that he can take anytime he wants.
Maybe he too is a guest of Epstein.
I definitely would not be surprised.
Time to father another dozen baby boys!! You get a billion, Elon baby, you get a billion , and you, Elon baby boy # 125 , get a billion!! 😂🤣🤭🤷♂️
And a huge stock dilution. Add the future dilution for xAI and whatever he hits on the trillion dollar pay package for a 10%-20% stock dilution. They aren’t paying him for being a CEO. They are paying him for the stock manipulation and political bribes he is paying out to keep the stock price so high.
And they just straight up stole money for the roadster. They sold 1000 non refundable reservations for 250k each, and they promised the vehicles would be delivered in 2020 and there's still less than squat.
Just look at the share price before and after the results of the election. You're betting on two things: 1. Oligarchy 1. Elron Musk's cult of investors When Republicans lose power, everyone knows he stops getting special treatment and that could become a problem. But he'll continue to have a cult, and that's probably fairly resilient in the same way GME was. So 🤷.
Dsc literally made stuff up, fully ignoring Guth
Dsc literally made stuff up, fully ignoring Guth
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because this phenomenon has several major negative impact on people not invested in this.
This is 3.4% of their market cap. If the balance sheet loses 3.4% in equity, shouldn't this be offset with equivalent loss in the assets side?
You actually have to go outside and create something, as Elon did, but crying on Reddit is easier.
Tesla has received close to $30 billion in direct and indirect government support over its lifetime. Total cumulative profits are under $40 billion. It is a minor-league company. A$55 billion pay package is laughable. Musk didn’t invent EVs, batteries, or manufacturing automation, and the only genuinely new vehicle launched fully under his watch was the Cybertruck, a stainless-steel meme that shipped years late and half finished. If you want to argue he deserves a trillion dollars, the only honest justification is that his pay is tied to his stuttering bullshit, his repeated Nazi salutes, and his unique ability to turn incoherent rambling and starving third-world orphans into market cap. I'll admit its not a skill I have or want. I'd rather be poor.
Well he's created a lot of lies. No, wait,... he didn't create those either. He's plagiarized them from old science fiction.
Because fraud is a crime and criminals need to be held accountable to discourage it.
In a CyberToaster.
No, there are three compensation packages. The old one and two new ones passed this year at the same shareholder meeting. One is ~$120 billion for past performance to compensate Elon for losing this ~$55 billion, the other is the forward-looking $1 trillion one. - [edit] They also changed the law in order to get this ruling https://spotlightdelaware.org/2025/02/19/delaware-corporate-law-change-sb-21/ >On Monday, he and lawmakers jointly introduced those changes in Senate Bill 21, a surprise piece of legislation that may shift the balance of power within companies between big stockholders and mom-and-pop investors. >On Tuesday, CNBC published a bombshell report claiming that attorneys for the world’s richest man, Elon Musk, helped to draft the bill.
IIRC, they changed the Dalaware law, that is why the new ruling is different? https://spotlightdelaware.org/2025/02/19/delaware-corporate-law-change-sb-21/ >On Monday, he and lawmakers jointly introduced those changes in Senate Bill 21, a surprise piece of legislation that may shift the balance of power within companies between big stockholders and mom-and-pop investors. >On Tuesday, CNBC published a bombshell report claiming that attorneys for the world’s richest man, Elon Musk, helped to draft the bill.
https://spotlightdelaware.org/2025/02/19/delaware-corporate-law-change-sb-21/ >On Monday, he and lawmakers jointly introduced those changes in Senate Bill 21, a surprise piece of legislation that may shift the balance of power within companies between big stockholders and mom-and-pop investors. >On Tuesday, CNBC published a bombshell report claiming that attorneys for the world’s richest man, Elon Musk, helped to draft the bill.
Apply to your customers 😉 But you have to first serve the humanity and offer something a lot of people are going to pay for. That's hard part of the success story.
Dont you love it when billionaires manipulate lawmakers so they can change laws and screw over mom and pop investors.
Who would pay judge if he ruled opposite?
I’m glad things are finally working out for him.
Musk said this week no need to save, he is bringing sustainable abundance for all. So what he need $55B for?
Because every person who owns a total market ETF, an S&P ETF, or any of a wide variety of other funds, is also a Tesla shareholder.
I'll be bigger than Elon Musk, son, relax, I'll make history.
May as well just give him a cheque for all the money on earth now. It's getting stupid.
Comical that the cult of Tesla gamblers are cheering that Tesla stock is gonna moon... they don't even realize that this means that all earnings going back to 2018 all have to be restated 10% or so lower, and consequently as well, the ridiculous 330 P/E is now 363.
Doesn't matter... most of this grift has involved years of taxpayer money in the form of subsidies.
Wait until end of Q1, P/E could easily be 500.
No, from the ruling given it seems like they just felt the remedy was too unfair since it gave Musk literally nothing and he could no longer negotiate fairly since he already rendered his services. None of the findings really changed, it was completely to do with the judgement cancelling his package. It seems like the plaintiff didn't really seek any other rememedy and the judges basically shrugged their shoulders and said we can't really think of a fair one to apply here so we're giving you a cursory $1 judgement to say that you were right and that Tesla had to pay the attorney fees. What's messed up with SB21 and some the similar bills that cropped up in Texas is that going forward they completely preclude the possibility of a lawsuit like this happening since Musk could no longer be labeled a controlling shareholder and it also kills the discovery process to actually build a case like this and usually limits damages on top of it all. Delaware got scared about losing the money they get for incorporation fees and basically bent over and spread their cheeks to make executives and boards happy that they can screw over shareholders with minimal risk as long as they don't go too far and piss off the large institutional shareholders. As an aside killing the discovery process was also a major thing the Supreme Court's immunity ruling with Trump did. Not only can he not be prosecuted for anything vaguely related to his duties in office but it's all but impossible to request documents and information in general for the things that the court says he still might be prosecuted for. It wouldn't shock me if we see similar laws pop up in Florida after Tesla lost its case there too. It's not even the judgements that they care about it's that the court can compel the release of information into the public record showing them acting in bad faith or outright lying. These companies and billionaires are literally creating a situation where they can say "prove it!" and no one can because the court literally can no longer force them to produce records or documents beyond a certain window or if enough shareholders are pissed off to actually bring a huge suit against them. This is also something Musk wants to get put through federally with self driving cars. Federal preemption of state law, no class action suits, minimal statuatory liability and a difficult or impossible discovery process to make winning a case or proving wrong doing next to impossible even if it is due to the vehicle screwing up.
Good for him. But Tesla revenue is less than $30 billion a year. (Note it is revenue, not earnings.) How could Tesla afford the $55 billion?
Its stock not cash.
I will give you $55B if you make me a trillion LOL
No, that's not the reason. They literally said that musk broke the law, but needed compensation for work🤡📉☠️
You can start a company and vote to give yourself a large stock based compensation plan. Not too difficult. Finding buyers for your stock is the tricky part
With the california ban, Tesla will lose money
The whole system is rigged
>the only genuinely new vehicle launched fully under his watch was the Cybertruck, a stainless-steel meme that shipped years late and *half finished*. Note: the Cybertruck is now *completely finished*
Note that someone who only has ONE billion dollars can afford to spend a million dollars a WEEK for almost 20 years.
The wild thing is that Musk has made significantly more off of Telsa than Telsa has profits. All-time profit for Telsa = $38 billion
Their cumulative profit all-time is 38 billion.
TF for that, he was struggling to make ends meet and was seen at a food bank last week
What a joke. They can buy their justice
So can he dilute that stock payout immediately as its already vested??
One hand washes the other!
The shares for the 2018 compensation package have been put aside and don't need to issue new shares for the 2018 compensation package.
If you would save $10000 per *day*, protected from inflation but not accruing interest, it would take about 15000 years for you to just get that $55 billion. To become as wealthy as Musk is already ($680 billion) would take 186000 years of daily $10000 paychecks.
Because GOD FORBID A BILLIONAIRE IS CHECKED - FOR ONCE in human history! Let's go around poor neighbourhoods and take away a little more bread and medicine instead!!! \- regards, AMERICUH! ps. and yes, he paid someone for this ruling, what else is new?
Just make some pretty CGI videos of some vaporware product and tell everyone it's coming "next year."
The title says the judge ruled for him to get his $55B. ??
Or just tax it as income, allowing those tax payments to offset the capital gains taxes when the assets are actually sold.
More dilution for stock holders and the lemmings will cheer loudly. Expect $500 soon. Can’t wait for the 2026 Q earnings reports. It’s going to be wild year of disappointment for the blind faithful.
he's taken more cash out of TSLA than its operating profit. The Model Y I happily drive (using the free FSD this month to drive down to LA later today) was built on billions of gov't subsidies, all gone now. Basically the NUMMI plant was gutted and tooled up for Model S production with government money (2X the money their raised with the 2010 IPO), preventing Elon from getting hit with a 2X dilution when launching the S. This is actually a very interesting argument, contrasting legacy low-reward corporatocratic / euro-socialist capital structures with winner-take-all personality cults like Tesla, Apple in the 80s and Microsoft in the 1990s, Google in the 2000s, Facebook's pivot to mobile in the 2010s . . . Management has an immense role in getting corporations at the right place at the right time (e.g. Steve Jobs getting the Laserwriter to market in 1985, pivotal for the 1980s desktop publishing revolution). Prior to the 3 and Y coming out I figured Tesla was just a boutique Faraday or Fisher wanna-be, doomed to be stuck at maybe 1M/yr even after the successful 3 rollout in 2018. I first understood the FSD play after Tasha's white paper on FSD in early 2021, after seeing the first influencer videos on YT in late 2020 showing the FSD "betas". And 5 years later, I will be using it for the 3 hr drive down to LA today! Not sure Elon's really going to build a $2T+ company from it, but I can see the path, eg. once FSD is a thing all rental car companies will collapse to the cars just appearing where you want them when you want them.
pretty much my take, too. not entirely sure what Elon's actual talents are other than self-promoting and filling a much-needed hole in the world. I mean 6 month ago he was declaring war on Trump & the GOP of all things.
Delaware was the gold standard for corporate law. The original judge fucked with the fundamental forces of nature.
the market is currently valuing all future TSLA earnings at $1.5T. So $55B is sofa money.
The 5-0 unanimous Delaware Supreme Court all got paid off? That's definitely a take.
I was able to get a refund. Have you tried?
I am asking who would have to pay judge if ruling is opposite
My take on this is simple. If you tell a guy to do this and do that and he does it after signing papers that say it’s all or nothing then you have no choice but to pay him. The real thing is Don’t let the biased board make ultimatum all or nothing contracts with ridiculous offers in the first place. The fact that shareholders approved this new trillion dollar contract is mind blowing. This is where the problem lies.
Yes , just like that lady Shiloh Johnson got sued and now she's in prison. She raised millions of dollar but revenue was $620.00, she used the money for her vacation, weddings and house.
Tesla will be squeezed for the last penny now. No more value is left. This represents a decade of profits.
What are you talking about? The model S/3/X/Y were all released under the direct supervision of Elon while he was CEO at Tesla. He joined Tesla before they even delivered the very first Tesla roadster.
They still haven't delivered the roadster. ... sorry to be cruel, but the Cybertruck was his answer to dethroning the F150 and its the worst vehicle failure in a century.
> the new pay package was, in part, meant to make up for the loss of his old pay package being revoked No. They are for separate time periods. The one that got reinstated is from 2018 till' the goals were reached. The new one is for the next ten years. Your whole premise is wrong.
You can't be serious. You are comparing apples to oranges.
> The fact that shareholders approved this new trillion dollar contract is mind blowing. The shareholders voted for the trillion dollar pay package, because Musk only gets money if shareholders get profits. For Musk to make the full trillion, shareholders would get 6 times richer. That seems like a good deal.
Tesla can't afford to pay 55 billion. That is why they aren't paying Musk 55 billion. Ot 1 trillion in 10 years. These are all stock options. Musk will need to buy those stocks (at very low prices) and pay a lot of tax when he sells them (if he needs cash).
To be fair, the Cybertruck is the best selling EV truck in the USA. It has some features no other car has - completely digital steering is first of its kind. It also has a bigger bed than an F-150, and faster acceleration than a Porsche. Not to mention it is rated the safest truck to ever exist with the lowest probability of injury. It is expensive and has a polarizing design, which is why it hasn’t sold like hotcakes. But in terms of features, the Cybertruck compares very well to its competitors.
yeah because there’s massive productivity inequality
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No just genetic ability distribution
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I’m in touch with reality boss
This year just proved the impossible is possible.
Crooks all the way down
Tesla is paying the $55 billion using stock options. That is about 10% dilution. Since the news broke on Friday AH. We shall see 10% dilution happen next week. $480 will become $432 very soon.
> You actually have to go outside and create something, as Elon did So, you bought into the legal fiction that he founded Tesla? >but crying on Reddit is easier. Instead of going to whine on Twitter, oh, sorry, Xitter, or X or WTH he's calling his whine platform.
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