My pet theory is that Musk was installed at Tesla by the Saudis (who apparently have a bit of money) to destroy the very idea of electric cars by putting out as bad and overpriced a product as possible. Despite his best efforts, people still want the goddamn things.
Comment on Tesla's 'unsupervised' Robotaxis vanish a week after pre-earnings announcement
Buddahriffic@lemmy.world 3 days ago
Anyone else feel like Tesla is actually how Elon is being paid for being the one to make twitter fascist and the DOGE bs? Like the majority of shareholders don’t actually gaf how the company does and the billion dollar compensation package had nothing to do with Tesla other than it being the vehicle through which the payment was made?
ChickenLadyLovesLife@lemmy.world 3 days ago
AA5B@lemmy.world 3 days ago
I don’t see how. This is just a continuation of what he was already doing, facilitated by a board of his friends and relatives.
Even worse I have to say I’m not totally against it. All too often ceos get excessive pay regardless of their results. While I haven’t looked in detail not at the history, the claim is these are only for Tesla meeting some extremely ambitious milestones and the payment is stock. Certainly his previous ridiculous allay was in stock and Tesla had some extraordinary growth. If the stock doesn’t go up, then he should never receive that wealth
If it’s truly contingent on the company growth and the board doesn’t throw him a life preserver, that’s not entirely bad. Excessive yes. Extremely excessive. Excessively excessive. But more execs need to have their wealth gated on actual results
Buddahriffic@lemmy.world 3 days ago
The thing that makes it more suspect IMO is that shareholders voted for it, not just the board. Courts specifically said they didn’t need to but shareholders (dominated by large account holders) still voted for it.