The primary purpose of a company is to make the shareholders happy if he’s doing that then i guess what’s there to complain about
What are the performance targets? And does the value of the package depend on share price?
This company is doomed lol. Fucking dimwits.
German & Chinese car makers will be happy.
I mean you have to be pretty stupid to believe in Tesla at this point. When was the last time they came out with a new car? Not counting the Cyberrust.
I think they would have a decent future if they dropped this guy. His personal “brand” used to bring a lot of value and attention but now it’s just an anchor weighing all these companies down.
Musk owns more than 20% of Tesla stock.
While some investors remained silent on their voting position, Tesla’s largest shareholders, including Vanguard Group, BlackRock, and State Street, collectively holding roughly 17% of Tesla’s stock, abstained from public comment. The full voting breakdown will be revealed during a Tesla shareholder meeting in Austin.
One, what an AI-written paragraph: “While some … remained silent … [others] abstained from public comment.” Aren’t those the same thing?
Two, this is all just a bunch of rich motherfuckers deciding how much of an insane amount of wealth to give to one of them. Where’d they get that money? Customers.
Imagine how competitive an electric car company could be if it wasn’t just a front for shuffling vast sums of money around between people who already have more money than they could ever spend.
One, what an AI-written paragraph: “While some … remained silent … [others] abstained from public comment.” Aren’t those the same thing?
Yes, but it works. The emphasis is that all of the richest were silent instead of just some, which was the case for the rest of the shareholders. We hate repeating words in general English (which is why we have such a ridiculous amount of vocabulary), so “silent” was replaced the second time.
Still awkwardly worded, though, so you might be right with the AI thing.
It depends if “public comment” is akin to going on the record. Then staying silent means they didn’t say anything, and not making a public comment means they said something to us that we promised not to make public.
Saying something not on the record is actually pretty common. And is most of what private sources are about and for. They might be able to point a reporter to someone or something that would be able to be reported on. Trust is a super important difference between an established reporter and a new reporter.
He’s already tanked their credibility with normal people, keeping the musk fanclub onboard is all they have left.
That’s like, a million people’s wages. Absurd.
I like to compare these amounts as time.
1 million seconds is about 11 days. 1 billion seconds is almost 32 years.
It’s far, far more money than all the people he just laid off because he “had no other choice”
It’s more money than the total amount of profit the company has EVER made across ALL years it’s been operating combined.
The company CANNOT liquidate all that money without literally killing itself. Tesla is walking dead.
It feels like musk needs this money desperately to pay off some debt he owes to some very unsavory people. As long as he bribes all the right people in sufficient amounts they’ll be happy enough to fold the company and hope for a massive government bailout.
It’s stock, not cash
Does it matter?
Elon sold the vast majority of his stock in tesla before. He’ll do it again. To him it is literally liquid cash and he will treat it like so.
So I’m going to say it again. This will literally kill tesla.
Is it mostly stock? That would just devalue all the existing shares.
What a farce.
he has so much money that he needs more money….
Actually speculation is that twitter and general poor decision making may be overextending him.
He still has more “worth” than any of us can ever dream of. But he doesn’t have the liquidity to do anything with it. And considering the strong indications that it is the Saudis and possibly the Russians who bankrolled a lot of the twitter shit…
A good way to think about it is this: Your friend from college who actually managed to buy a house a couple years back? They have more “money” than most people you know. But, unless they are willing to sell that house, they can’t do anything with it. So they are still living based on their paychecks and savings in the bank.
That’s how the rich operate.
At this point it may as well be a ritual sacrifice of money
Billionaires shouldn’t exist… but it’s ok since moving out of Delaware to Texas is going to destroy the company anyway.
Tessa was in San francisco, not delaware. Delaware was only for incorporation and tax purposes.
Just curious why it would destroy it by moving it to Texas?
Then they are completely retarded idiots. I look forward to seeing them lose more money
I can only assume they are somehow expecting a cut or kickback from this, I can’t think of anything he’s done in the last 10 years that was actually good for the company. You have to live under a rock, or more accurately in an echo chamber, to believe someone like this is good for the profitability of a company, let alone deserves that many zeros.
The equivalent of 3+ years of tesla profits? Sounds totally reasonable and sustainable lmao.
It’s dat dem dere one of dem market corrections acomin?
When a dragon hoards the people’s gold, the solution isn’t to give it more gold.
Great thing to do when they have to fire people, because the company goes to shit.
Let’s hope it’s hush money too.
Is he getting fucked by Donald, too?
