I cant wait for the shareholders to say no.
He plundered the stock to buy twitter and is back asking for even more… What a dickhead
56 billion from a company that made $15 billion last year (a big record). He wants 3.73 times the entire ducking company’s net on their highest year ever’s income.
…just did the math. Tesla has netted 27.1 billion since 2011.
He wants a little more than DOUBLE the total cumulative earnings of the whole company;.
I hope he gets the boot. The company will be better off without him.
I’m not defending Musk but I think your figures might be wrong. Are you citing revenue or profit? Revenue last year was way more than 15 billion and profit was way less
Edit: actually, GAAP income was 15 billion but that just open up a whole nerdy accounting argument about GAAP principles and how the US does things differently from others.
Also, he would make the 50 billion over a decade or so, meaning it’s about 1/3rd of profits annually, assuming they maintain profitability close to what they had last year.
Regardless, it’s an insane compensation
Ive been an investor in the company since before they were making any profit and have been listening to their quarterly shareholder calls for a very long time.
I have more money invested in Tesla than any other stock. This is because I strongly believe in their mission statement and am very happy with the engineering. I even credit Elon with their agile engineering approach and first principals strategizing… And he became literally the richest person in the world because of it. He doesnt need 3.5 years of all company profits. He’s shown he wont do anything good with that money. Thats multiple gigafactories he wants to pocket for himself in exchange for checks notes being a dick and scaring people away from Tesla.
Tesla is becoming associated with rich, antisemitic smartypants poser doucheladdles instead of “Transitioning Earth to a sustainable energy infrastructure” as is the mission statement and he is why.
Here was where I got the figures for my comment. They are very much in line with the dozens of earnings reports I’ve tuned in to over the years.
https://www.macrotrends.net/stocks/charts/TSLA/tesla/net-income
I think now is a good time to exit. Tesla may have been a good company at one point despite Musk, but now you’re going to be bagholding. It’s probably a good time to exit Tesla.
Wonder if this is so he can claim loses on Twitter to offset the tax on this and use the money to keep it going
I do love that a dude in a small metal band that owned only a few shares is the one who put the wheels in motion to stop Musk from getting that absurd amount.
Musk wants to cash out and leave Tesla bankrupt. I call it a Trump move.
There’s no way the board could justify costing shareholders that much money for absolutely no reason at all. Can’t wait to see the lawsuits if it gets revived.
I believe it’s going to a shareholder vote
I would think that after watching Musk’s magic touch lose over 70% of the value of Twitter and nearly half of Tesla’s value (since the nearly $300/share price last year) the shareholders may be realizing the emperor has no clothes.
Twitter implosion, no self driving cars, fake Hyperloop, and guess what - he’s also responsible for the US space program right now.
He’s got 3 billion in US tax dollars an blows up spaceship like crazy.
His plan is to have a space base on the moon and refuel rockets in space.
He doesn’t have a space base. Seems the idea is that somebody else builds that base and refueling while SpaceX is going to be the handsomely paid taxi driver.
It wouldn’t be a bad idea for a legitimate space program. Having a refueling station on the moon makes the most sense for interplanetary travel.
Plus, SpaceX has a team who’s sole purpose is keeping Musk away from things.
whose* sole purpose is
Good catch. SwiftKey kinda decides on its own which to use.
Oh no, there’s no fueling station on the moon. The rocket is being built with such a oversized payload that it needs 15 refueling rockets to be sent up to refuel it just to get one rocket to the moon.
As opposed to the 1970s Appolo missions which took one rocket to get there and back… Musk is using 15 to get there and back.
Destin from Smarter Everyday gave a speech at NASA about how it’s kind of a crazy plan but no one is allowed to criticize it because Musk is so rich and NASA has penned a deal…
… then recently Thundef00t made a video about it that makes it clearer what Destin was saying.
I’ll have to check out Mr f00t
I read your post and thought, “there’s no way this is correct, this person has to be exaggerating the plan.” I’m in the rocket and satellite business but haven’t followed NASA’s plans in the last decade since they have been so misguided. So I figured I’d look it up and see what the real plan was.
Holy shit, you were actually being kind. NASA estimates up to 20 launches per trip, because they don’t trust SpaceX’s boil-off estimates. NASA’s overall plan is even wilder than the plan for just SpaceX. They have New Glenn launching one thing, Boeing’s rocket launching another thing, SpaceX’s new rocket launching a bunch of other stuff. All of those rendezvous before to prepare for the mission, then part of that thing goes to the moon. Then it comes back and re-rendezvous before another part separates and goes to Earth.
Having a refueling station on the moon makes the most sense for interplanetary travel.
My experience in KSP tells me you want extraction and a refinery on the moon, but refuelling to be done in orbit.
You just need moar boosters.
That does seem to be the plan
Is he such a good CEO that he’s worth that much money? It must be pure branding.
I bet AI could do it better.
No.
