Elon Musk awarded nearly $1 trillion pay package by Tesla shareholders

Evil never dies or goes broke.

I'm so tired of evil people being rewarded.

Shorts on Tesla

Absolutely insane position to be in for a company that has a triple digit PE ratio

Fucking morons.

1 trillion dollars divided by 8 billion humans could pay each and everyone if us 125 dollars, which would go a long way in poor regions.

Or, framed differently: Tesla stole 125 dollars from every human alive to give it to Elon Musk.

I hasn't happen yet. It is precisely Elon's job to get those $125 from every human (or whatever the exact number is). If he succeeds at that, only then does he get paid $1T.
The different framing is a weird take, that's not how this works. He's an asshole and this is insane, but that's just not how this works.
- I think it's a very important frame. Everyone should have a good, long think about how much money it costs them that billionaires exist. And it isn't distributed evenly, basically every european and american has spend tens of thousands of dollars so that some people have more money than they could ever spend and use it to pay politicians to keep that dough rolling in, stabilising a system of redistribution of wealth from the poor to the rich.
  The same holds true for rich and poor countries. Most poor countries today are poor because they have been plundered in one way or another.
- It is though. The technology to build anything in today’s world, including Teslas, is built on the foundation of all prior human labor and innovation. Nobody ever builds anything “from scratch,” and therefore nobody can claim sole ownership over any invention. Capitalists just use force to steal the product of all of that for themselves.
- In the grand scheme of things, thats how it works.

And he will leverage the us governments help to meet all criteria to get that pay package. He just has to donate heavily to whoever will replace trump.

Headline is a bit misleading. He has 10 years to meet a list of requirements to get the pay package.

I actually don’t think he can do it.

He has to sell 1mil humanoid robots, get 12mil robo taxies in the street, and get Tesla’s market cap to $8trillion.

I don’t think he can do the last one. They are at 1 trillion now. NVIDIA has the highest market cap at like 4 trillion.

It depends on how these things are defined. Say, for example, a 1-foot humanoid roomba minus any utility. When it comes to the market cap, causing hyperinflation of America's dollar can allow it to become true by the word, if inflation isn't part of the agreement.
The robo-taxi is probably the toughest part. Maybe a means for the military to 'taxi' explosives into civilians at Stephan Miller's command?
I know. This all sounds stupid. Unfortunately, I have precedent. Gestures at the year 2025.
He missed every milestone at SpaceX. Stock investors are fucking delusional about autonomous taxis, Waymo has been there for years and it's not a trillion dollar business.
Humanoid robots is pure wank, unless Tesla pivots to sex dolls.
- I would not fuck a Tesla.
Of course he can’t. He knows that. This was 100% optics, so he can go down in history as the worlds first trillionaire. It doesn’t matter that it won’t happen, it did on paper, and that’s all these types care about. He can now brag and boast on his newfound success, and insanely, it will work (at least for a while).
He won't be able to do the other things either.
The most difficult part of designing humanoid robots is the AI. Boston Dynamics has been working on it since 1993. You can't just slap an LLM on it and hope it works. They will also need rigorous safety testing before a new product like this is even allowed to be sold. Not going to happen in 10 years. 20-30 years at least.
Tesla also is incredibly far behind with their self driving cars. Even if they finally get permission to sell robot taxis, the market will already be saturated by other manufacturers. They will be lucky to sell that many.
It will just all go on his list of unaccomplished lies:
https://elonmusk.today/
- They will also need rigorous safety testing before a new product like this is even allowed to be sold.
  Sweet summer child ...
- Musk does not need rigorous safety testing for his shit cars, why would he need them for murderous robots?
- They will also need rigorous safety testing before a new product like this is even allowed to be sold.
  Welcome to the world according to Musk. These things will be out in the wild, mangling people and spontaneously combusting before a safety inspector can get within a mile of Tesla.
- It's not even AI that's the problem wrt to making humanoid robots, it's the lack of dexterity of automatons to do even the most basic tasks that most human can do. Even if AI improves, robots that can move like humans is still the hurdle.
This stock and company is so propped up on bullshit, it will happen. Even if the board and investors have to buy his bullshit so he can meet these goals. They need it to happen so the stock price keeps going up.
Thank fucking god you explained this. I was thinking wtf is wrong with this world and now I understand this is an unreasonable performance comp plan - makes so much more sense and with the damage he’s done to that brand, people like me wouldn’t buy a thing from them. I wouldn’t piss on him if he was on fire.
No way he lasts 10 years.
Tesla will be bankrupt in 2 years. They may flog it to keep it moving for a while longer, but it is already too late. It's brand reputation sucks, nobody is buying them but losers, most people that own one would dump it if anyone would pay a reasonable amount for it, the quality control is notoriously terrible, and as they age, their repair and maintenance issues are going to become very expensive. They won't recover from any of that. If it wasn't for the government buying so much unused inventory, they'd be in even worse shape than they are.
Besides, he is one of the most reviled men on the planet. In 10 years, the world is going to be very different. Either it will be ruled by ruthless scum like Musk and Trump, or the other 8 billion people on the planet will do something about the >50 people in the world who are fucking it up for everybody else.
I'm really hoping that a decade from now, Musk, and his psychopathic super villain buddies, won't be an issue, one way or another.

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.
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.
dumpster fire
So a typical day for a cybertruck

This will come in handy when he's arrested and we use his wealth to cure poverty, homelessness, and hunger around the globe.

What's worth more to our species survival?

One ketamine addicted pants wetting Botox infused South African Nazi with a fragile ego...

Or....

The entire world going to sleep with a roof over their head, a full stomach, and a chance at a better life.

Take as long as you need.

If you see a trillionaire there is only one moral thing to do, and its not even close
- Agreed. This is economic cancer and must be removed. Arrest him ... seize the wealth.
- putin is likely the only true trillionaire out there that is not entirely in investments.
- Ask the French, they have a good example from 1792.
- I don’t normally encourage some acts.
  We have a chance to set a great precedent here.
His wealth only exists because his companies are way over valued. If he's being arrested, those companies have likely already failed and his wealth with them.
note that the tesla car company and shareholders could’ve just ended poverty and homelessness themselves but didn’t.
also he’s the biggest shareholder so that’s neat.

I can also run a successful business into the ground, and I would do it for a lot less money.

Edit

I saw a meme earlier and adapted it from billions to trillions. It is a literally unimaginable number.

How Much Is A Trillion?

1 million seconds = about 12 days
1 billion seconds = about 32 years
1 trillion seconds = about 31,710 years. This long ago was the beginning of the last ice age, and before the invention of rope.
1 million minutes ago was approximately 2 years ago
1 billion minutes ago was the year 114 AD,
1 trillion minutes was 1.9 million years ago, the time of the earliest known homo erectus fossils, distant ancestors of modern humans.
1 million hours ago it was the dawn of the 20th century (1901)
1 billion hours ago was 114k years ago, the time when neanderthals first began using seashells as personal decorations. The Sahara desert is a marshland.
1 trillion hours ago was 114.2 million years ago, the Cretaceous period, time of dinosaurs like the Stegosaurus and Triceratops, and the time when bees first evolved. Humans would not evolve for millions more years.
1 million days ago it was about 700BC, Rome was a small village and writing had only just begun to spread.
1 billion days ago was 2.7 million years BC. If all the time since then were compressed to one year, all of recorded history would be just a couple of hours.
1 trillion days ago was 2.7 billion years BC, and the only life on earth were single-cell organisms. Pangaea did not exist yet.

The entire universe is only 13.8 billion years old, so 1 trillion weeks ago is older than reality itself. That’s how much money Musk was just paid for destroying Tesla.

1 trillion hours ago was 114.2 million years ago, the Cretaceous period, time of dinosaurs like the Stegosaurus and Triceratops, and the time when bees first evolved. Humans would not evolve for hundreds of millions more years.
You fucked this up.
By your own logic humans wouldn't evolve for at minimum another 85.8 million years from today, which is obviously weekend because humans wrote both my statement and yours so we already exist
- You are correct! It’s now fixed.
Those bees won't shut up about it either
Just physically having 1 billion dollars would take up the majority of a room, stacked up as a solid mass of $100 bills. It's physically impossible to have 100 billion dollars in the same place, let alone 1 trillion.
https://youtu.be/8YUWDrLazCg

I like how they insist on giving him more money when the reason Tesla sales plummeted is Musk spewing Nazi BS everywhere.

If they are willing to give musk this much, his much are THEY getting out of this...
I wish spacex would hurry up and send elon on a one way trip to Mars.

Tesla is still one of the smallest car companies by actual amount of produced goods and their values

But the stock is a religious cult. Frankly, cults are a way to make good steady money, ask the Mormons.
- Ask L. Ron "I'd like to start a religion. That's where the money is." Hubbard
  They do bring in the bucks and that's how it all works right now.

So over ten years Musk is getting about 3% of the entire US GDP for 2024!
ONE MAN receives just above 3% of GDP! AFAIK that's about the combined value of the productivity of 5 million people for a whole year!
I don't get how it's even possible for Tesla to pay him that much? And it's absolutely insane that stockholders think he should be paid that much?!
- They basically print money by issuing stock, then compensating with that stock.
The difference between 1 million and 1 billion is about 1 billion. The difference between 1 billion and 1 trillion is about 1 trillion.
- That's about the best way I've seen the proportions exemplified.
The BBC had a segment on tonight claiming that a stack of $100 bills reaching 1/3 the distance to the moon is worth $1 trillion.
Sure but 15 percent or more doesn't exist in reality.

Most overpaid "worker" ever.

It's interesting to note that given the evidence of Elon, that being a CEO is a part time job. It has to be. It's impossible for Elon to work 40 hours a week at 6 companies.
And I've always been told by the people that excuse outrageously out-of-step executive pay with this bullshit narrative about how they are the best and the brightest (just like top athletes, don't you know!), and they work long hours, probably more than anyone else at the company and other such hilarious fictions. They are basically the Michael Jordans of capitalism, yadda yadda.
This guy cannot be working even 40 hours at all six of his companies. That's simply impossible, even if he never slept.
- He claims to work 100 hours per week, but that's still less than 20 hours per company.

This dude is straight Bernie Madoff on a global scale.

Abject unmitigated balls to the wall madness. There's absolutely no way that hapless moron can generate in excess of one trillion dollars of value for those shareholders over the next decade, and even if he could no single individual should ever have that amount of wealth.

The con artist/market manipulator is betting on a WW3 economy while stirring the pot to create that market.

Elon's got quite tricep workout figured out.

Better train his neck muscles if he wants to stand a chance.

For what? Running his company into the ground?

Pfft... I'd do it for, like, half that.

Elon and Trump combined are creating inflation.

Aww the poor thing, he needs more money for drugs.

Meritocracy my ass.

It's pretty obvious now that being a CEO is a part-time job. If only everyone could get 1 trillion at a part-time job.

Can't wait until this clowns pyramid scheme collapses.

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!

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.

@grok how much ketamine can someone buy for $1,000,000,000,000 ?

A couple grams, at least.

Be able to finance a K-hole all the way down to hell with money like that.

Does he get to control the resulting robot army or not though?

Some 20-25% control of it ya.

Think we should try convincing him to solve world hunger again? Surely he has enough now. /s

Time for ANOTHER Gatsby party, just a different host, I guess.

Also, LOL: "entrepreneur". Fucking hell.

If you take every Tesla ever sold, production costs included, does it even get to that much?

I think they've sold around 8 million and if we did a average purchase price of 50k that's 400 billion.
But one of the tranches is 20 million vehicles sold.
That'd be 1 trillion with the 50k price, and assuming sales even stayed flat, reaching 20 mil in the time frame isn't hard. I think the 20 mil tranche is pretty weak and should have been much higher.

I'd be interested to see the caveats included by the board, in that pay package.

Yeah, on paper it looks unlikely that he'll hit his targets.
He has to make Tesla an $8 trillion dollar company (will probably be a world first) Sell 1 million optimus robots And increase earnings from 16 billion to 400 billion Oh and as a final piece de resistance - create a succession plan
- You think it'll be a world first when Nvidia is already at 4.57T?
- Thanks, I was wondering what heavy lifting the "could" in the headline was doing.
Some are listed in the article

https://www.arscyni.cc/file/media/fox_news_aaarghh_muricah.mp4

Swastikas are expensive.

Runaway Reaganomics.