Tesla Shareholders Approve Musk's $56 Billion Pay Package in Early Voting
Tesla Shareholders Approve Musk's $56 Billion Pay Package in Early Voting
Early voting results suggest Tesla shareholders approve Musk's controversial $56 billion pay package.
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That's like, a million people's wages. Absurd.
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.
Is it mostly stock? That would just devalue all the existing shares.
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.
Which he can borrow cash against
I like to compare these amounts as time.
1 million seconds is about 11 days. 1 billion seconds is almost 32 years.