Comment on Elon Musk awarded nearly $1 trillion pay package by Tesla shareholders
shalafi@lemmy.world 1 week ago
This agreement spans a decade BTW, not next year’s paycheck, $90,000,000/yr. Obscene? Yes, but here’s the rub…
The full compensation would only be delivered if Musk vaults the company from its present value of $1.1 trillion to $8.5 trillion…
You’ve got to be fucking kidding me.
The compensation package also includes a set of production goals, including one million Robotaxis in commercial operation and the delivery of one million humanoid robots over the next 10 years, according to the securities filing.
That’s just three of the goals he must meet. Knowing his track record on delivery, think that bit pans out?
Only two things bother me here; Otherwise intelligent people are gambling Musk can deliver?! And the government is allowing this much money to flow around bullshit speculation?!
100-years past October 1929 and all the people who remember are dead. Strap in kids, this ain’t your usual recession.
Bob_Robertson_IX@discuss.tchncs.de 1 week ago
So he’s going to have SpaceX buy a million robotaxies and robots to drive them.
shalafi@lemmy.world 1 week ago
The circular clusterfuck of spending, buying, investing, is coming to an end. At some point profit must be presented. :) That’s why I’m so scared of the AI crash.
The Buffett Index has us at 200%+ of stock market valuation vs. GDP. It was 130% in October 1929. (Similar for 1999 and 2008.)