In a series of posts on X Monday night, Musk said that he would not want to grow Tesla to become a leader in artificial intelligence and robotics without a compensation plan that would give him ownership of around 25% of the company’s stock. That would be about double the roughly 13% stake he currently owns.
Just casually asking for a roughly 80 Billion dollar pay raise. But at this point would Tesla be better off without him?
There’s all these things that people say about how he’s garbage and does nothing right, but the guy has managed to be involved with the project that made it easy to make payments over the internet, and then went on to be behind the most successful electric car and, of course, there’s also SpaceX…
I have no idea about the details behind this other than what a Redditor coworker who totally negs on Elon has told me - all this inside baseball at PayPal that seems unflattering, and, of course, the persistent accusations that he brings nothing to the table…
But does lightening really strike thrice like that? IDK. Plus I am sympathetic to his desire to make X more free speech friendly - he isn’t completely consistent in this, but it is better than what came before.
I am just going to give him the benefit of the doubt on this - not in saying that he absolutely deserves this raise, but in saying that he has a right to ask for it without being laughed out of the room.