Wow. He could have been a benevolent saint to the world but he chose to be a James Bond villain. A Trillion? Capitalism isn’t just broken it’s causing physical harm.
This agreement spans a decade BTW, not next year’s paycheck, $90,000,000/yr. Obscene? Yes, but here’s the rub…
The full compensation would only be delivered if Musk vaults the company from its present value of $1.1 trillion to $8.5 trillion…
You’ve got to be fucking kidding me. Is that an actual expectation or is it, “Fuck him, won’t have to pay.”?
The compensation package also includes a set of production goals, including one million Robotaxis in commercial operation and the delivery of one million humanoid robots over the next 10 years, according to the securities filing.
That’s just three of the goals he must meet. Knowing his track record on delivery, think that bit pans out?
Let me just take an aside here; If you were in a leadership position, military or private, and you failed as hard as Musk, you would be at best frozen in place, more likely fired. Guess we could argue Musk isn’t failing, given TLSA’s price, but surely everyone involved knows the valuation is 100-miles beyond the ability to deliver profits?!
Only two things bother me here; Otherwise intelligent people are gambling Musk can deliver?! And the government is allowing this much money to flow around bullshit speculation?!
100-years past October 1929 and all the people who remember are dead. Strap in kids, this ain’t your usual recession. If you value your sanity, don’t look up the Buffett Index, where it’s at now vs. the past.
So he’s going to have SpaceX buy a million robotaxies and robots to drive them.
I’m sure Trump will give him a contract.
The circular clusterfuck of spending, buying, investing, is coming to an end. At some point profit must be presented. :) That’s why I’m so scared of the AI crash.
The Buffett Index has us at 200%+ of stock market valuation vs. GDP. It was 130% in October 1929. (Similar for 1999 and 2008.)
I just invented the antigravity inertial reaction engine. I can deliver a prototype within 5 years at the expense of 5 trillion. We can start for just 1 trillion.
I’m going to be homeless in about 5 months.
Shoulda just started your own electric car company, then. /s
Started it? No, the Tesla founders are well-off but nowhere near Musk rich. What they should’ve done is use their daddy’s emerald mining money to buy their way into an already developed electric car company and start a decade long career as a cool tech guy internet “personality” to pump up the stock of said company and distract from the many glaring faults (of said company).
That’s the musk way
Who are the shareholders? His 70 alternative accounts in Twitter dot com?
If you have a retirement account with “normal” recommended investments (I.e. broad-market mutual funds, target date or otherwise), you’re (indirectly) a Tesla shareholder and the fund manager likely voted your shares for this on your behalf.
You’ve been disenfranchised and the people controlling your money are breaching their fiduciary duty to you. You should be fucking pissed off!
Well, I don’t have any retirement account, but I don’t need any more reasons to be pissed off by Temu’s Lex Luthor, A.K.A. Elon Musk
And Grok. Don’t forget Grok.
One morbillion dollars
