Tesla shareholders awarded CEO Elon Musk a pay package on Wednesday that could grant the tech entrepreneur nearly $1 trillion in compensation over the next decade.
The full compensation would only be delivered if Musk vaults the company from its present value of $1.1 trillion to $8.5 trillion, a figure that exceeds the current combined market values of Meta, Microsoft and Google-parent Alphabet, the filing says.
OK, so not going to happen. This is just bullshit to suck oxygen away from the dumpster fire that is Tesla sales figures.
As I understand it, the fine print allows the board to wave a lot of the requirements and award a large part of the pay package anyway. And since the board is entirely under Musk’s control, that’s pretty much guaranteed to happen.
OK, so not going to happen. This is just bullshit to suck oxygen away from the dumpster fire that is Tesla sales figures.
As I understand it, the fine print allows the board to wave a lot of the requirements and award a large part of the pay package anyway. And since the board is entirely under Musk’s control, that’s pretty much guaranteed to happen.
Maybe not the whole trillion, but some of the lower tranches aren’t going to be too hard to meet and are still with a shitload.
So a typical day for a cybertruck
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