Tesla chair says Elon Musk needs $46 billion pay plan to stay motivated

He put up Tesla stock to finance Xitter, so I'm guessing these effing ridiculous demands for salary and bonus are his attempt to backtrack out of that debt. He must be hurting behind the scenes. OhNoAnyway.jpg ...

Even if he calls a factory-wide meeting, he's not going to get as many people laughing at his "humor" and telling him what a genius he is compared to Twitter.

And that's all he really cares about.

So yeah, he's very motivated to seek out attention from sycophants.

A motivated-Elon is why sales of Teslas are declining while other EV sales are up by double digits.

Honestly I wish he would 'leave' SpaceX too.

I caught his livestream for the latest Starship launch, and he literally introduced the event with a 10-minute speech on "saving your life" by buying crypto, and how they would match your crypto if you used his link or something. WTF was all that, and WTF did that have to do with SpaceX. --So that was a scam/fake video, but my top comment is still how I feel!

The problem is that Tesla is essentially just a pump and dump masquerading as a car company. Their market cap is simply absurd and based on nothing other than Musk's personality cult. If Musk leaves the company gor whatever reason, the stock will crash and the company will go bankrupt. They have an obscene amount of debt that is backed by Tesla stock, so once thier stock falls below a certain price, all thos loans will demand their loneu back

Same. I bought stock in it when it IPO'd because he made a good road map that his engineers could get to and they made great use of government funding. He largely just seemed like an awkward nerd. The Thai cave rescue was the instance where I thought there was something seriously wrong with the dude. He decided to have a sub built even though nobody asked him to and the thing did not fit. Then he called one of the rescuers a pedophile. And not just as an odd insult; he doubled down on the claim. Since then it just seems he has been continually seeking attention.

As for the company, their poor quality control was understandable 10 years ago but it's still pretty fucking bad and I honestly think he is a big part of that. I recall watching a documentary a long time ago where the producer was talking to Musk about some of the challenges of making the Roadster. They were in a warehouse that had a couple dozen that had been inspected. Musk looked at the notes on one and it had a pretty major issue that would likely pop up but he was going to ship it anyway. The producer looked at it and noticed that they were looking at the car that would be going to him. Musk very awkwardly backpedaled. It sends that willingness to overlook major flaws has not left.

I was interested in Tesla when it was first getting big. But lost interest fast due to him. I would say you couldn't pay me to own one, but if there's 46 billion just burning a hole in someone pocket, well fuck, for a billion dollars I'll be interested and for 2 billion I'll own it.

This guy seems motivated. I'd hire them Tesla

I'll do it for half of that, and I'm pretty sure I have the same plan as the more expensive guy.

He's gotta share and the manager is buying it out of pocket so they're gonna cut some little Caesars slices in half.

I'll do it for 45 billion.

It's funny, the world was excited for basically a teched out Toyota Tundra with shitloads of battery. The designers were ready to build that, and they could have kept literally everything else the same (steer by wire, steel skin, glass, bed cover, etc) and everyone would have been happy.

Even looking weird people were excited for it.

But then they deleted half the range and doubled the price and ::pikachu face:: everyone hates it.

Sure, musk was the reason it looks weird, but I'd be willing to bet he's 100% the reason for those other things too, because they likely had to cut weight and size to make it's weird look physical possible.

(I'd still buy it if it had 500+ range)

I finally saw one of those in person yesterday. It looked like a Hummer fucked a DeLorean.

It reminded me of when Hummers were all the rage as a way to say, "look how much money I can piss away!"

Ok, so that's 3000 Cybertrucks sold, how much Profit do they need to make on each car for a 46 billion payout...?

Robyn Denholm = Denholm Reynholm?

Ask for the full $42 billion, but be willing to settle for $21 billion.

I'd stay motivated for 1/100th of that.

I am guessing you could hire several hundred CEOs collectively for that price. And they would not be splitting their time between five companies. Robyn clearly had their nose so far up Musk's ass that it is difficult to figure out where one ends and the other begins.

musk already purchased her...

Tesla Board Chairperson Robyn Denholm urged shareholders to re-approve CEO Elon Musk's $46 billion pay package this week, saying the vote is "not about the money" while suggesting that Musk could leave Tesla or devote less time to the company if he isn't properly compensated. "This is obviously not about the money. We all know Elon is one of the wealthiest people on the planet, and he would remain so even if Tesla were to renege on the commitment we made in 2018," Denholm wrote in a June 5 letter to shareholders. Musk's pay plan was nullified by a Delaware Court of Chancery ruling in January 2024 after a lawsuit filed by a shareholder. The ruling said that Denholm had a "lackadaisical approach to her oversight obligations" and "derived the vast majority of her wealth from her compensation as a Tesla director." It also said most board members "were beholden to Musk or had compromising conflicts," and that the proxy information given to shareholders before the 2018 vote was "materially deficient."

Musk was already on Trump's failed economic council. It makes sense from Musk's standpoint: do what you can to persuade the motion trying to kill your business.

But yes, Musk and Tesla in general are a shit show.

If groot wagon is an amphibious boat, I would totally buy it, no matter how ugly. The horn could say "Groot!" and I would still buy it.

Do you have a roadmap?

Will it be bulletproof?