But he needs 1 trillion dollars for his robot army so he can retain control of his robot army so nobody else can have control of his robot army so he alone can rule the entire world with his robot army.
Dude is a literal supervillain.
Norway’s mega wealth fund to reject Elon Musk’s $1 trillion Tesla pay package
Submitted 3 weeks ago by themachinestops@lemmy.dbzer0.com to technology@lemmy.world
Comments
Cruxifux@feddit.nl 3 weeks ago
thejml@sh.itjust.works 3 weeks ago
I’m just waiting for Musk to get his robots to learn how to feed off biomass and complete his transition to Ted Faro.
luciferofastora@feddit.org 3 weeks ago
Reading this while waiting for HFW to load is an eerie coincidence. I very much would prefer to enjoy the post-apocalyptic world from behind the safety of the fourth wall.
MangoCats@feddit.it 3 weeks ago
He needs an excuse to rage quit.
nao@sh.itjust.works 3 weeks ago
Tesla has sold 7 million and something cars in total according to google. If each of those was 100k, that would still be less than a trillion in total. How could one guy get paid more than the whole company ever made?
ripcord@lemmy.world 3 weeks ago
This is supposed to be paid out over time based on future performance milestones. Also based on projected increased value of shares as a result.
Still insanely, insanely high though.
peetabix@sh.itjust.works 3 weeks ago
Based on his performance or Telsa workers performance?
FreedomAdvocate@lemmy.net.au 3 weeks ago
Still insanely, insanely high though.
But undeniably worth it if you’re a tesla shareholder.
It’s like your financial adviser saying “I’ll make you a billionaire in 5 years, and if I do your bill will be $1mil. If I don’t, don’t pay me anything, and you’ve lost nothing” - why would anyone have an issue with that?
WanderingThoughts@europe.pub 3 weeks ago
In the market these days, it’s not what you’re making now but the future potential of what you might make in the future. And Musk is an expert in dreaming big and make other people believe it.
CptOblivius@lemmy.world 3 weeks ago
Ya most of his shit is stupid though. The cyber truck, terra forming mars with nukes, the hyperlopp, etc. The Tesla dream was there before him. I just don’t get it…
FreedomAdvocate@lemmy.net.au 3 weeks ago
And Musk is an expert in dreaming big and make other people believe it.
And has a near flawless record in achieving those dreams, making the people who believed in it filthy rich.
This pay packet is, like his last one, a “bet big on me and I’ll make you all insanely rich, or I get nothing” bet. It makes no sense why anyone would say no to it.
FreedomAdvocate@lemmy.net.au 3 weeks ago
How could one guy get paid more than the whole company ever made?
Because that $1trillion pay packet is contingent on the value of Tesla going to like $5tril, which would make it the biggest company in the history of the world. It would make every shareholder insanely rich.
mcv@lemmy.zip 3 weeks ago
But that’s all bubble. Tesla isn’t selling even enough cars to justify its current valuation, and sales are slowing down. The current valuation of Tesla is based entirely on hype, and has been for years. For ever, really, but in the early years it could be justified because it was the fastest growing car company ever, and EVs were new and hot. Now everybody is building EVs, and more than Tesla.
tal@lemmy.today 3 weeks ago
From what I have read, he’s still likely to be able to line up enough votes, despite a lot of major institutional investors being in opposition. But we’ll see when the vote goes though.
I think that Tesla can probably get a more-effective CEO for less money, personally. Even if he leaves as CEO, he still owns 15% of Tesla and is fabulously wealthy as a result. I don’t feel like he’s getting a bad deal.
Bronzebeard@lemmy.zip 3 weeks ago
He wants the bragging rights. It’s just a game at these numbers
neukenindekeuken@sh.itjust.works 3 weeks ago
1 Trillion % this.
Lemmyoutofhere@lemmy.ca 3 weeks ago
Slime mould would be a better CEO.
angrystego@lemmy.world 3 weeks ago
Slime mould is pretty cool in general!
someguy3@lemmy.world 3 weeks ago
Effective yes, but uh what’s the wording incorrect-image-that-props-up-crazy-valuation no.
FreedomAdvocate@lemmy.net.au 3 weeks ago
I think that Tesla can probably get a more-effective CEO for less money, personally.
Musk takes $0 pay as CEO other than these post-performance-goal-hit pay packets though. Good luck finding another CEO who will work for free for 5+ years.
CileTheSane@lemmy.ca 3 weeks ago
I’ll happily do it for $1 million a year and do a hell of a lot better than musk. Considering the difference between $1 trillion and $1 million is pretty much $1 trillion I’m basically working for free.
Kolanaki@pawb.social 3 weeks ago
Could the megawealth fund float me a couble billion dollars? Here are my qualifications and reasoning:
I’m not Elon Musk.
sugar_in_your_tea@sh.itjust.works 3 weeks ago
I’m cool with a few million. I’ll even give it back in 10 years or so.
username123@sh.itjust.works 3 weeks ago
Solid reasoning tbh
tias@discuss.tchncs.de 3 weeks ago
threats from Musk to step down if the deal is rejected
A threat is a good start, but is it a promise?
SaveTheTuaHawk@lemmy.ca 3 weeks ago
This is moot. Musk has never met a milestone once, and if he doesn’t meet milestones, he gets jack shit.
patrick@lemmy.bestiver.se 3 weeks ago
The reason his last pay package of 50 billion was awarded to him is because he met the milestones for that. It was a similar deal to this one where they set top end milestones that everyone felt were ridiculous and they’d never hit them. Mostly stock targets IIRC.
SaveTheTuaHawk@lemmy.ca 3 weeks ago
Those were lowball milestones. He actually has to generate real money this time.
FreedomAdvocate@lemmy.net.au 3 weeks ago
Musk has never met a milestone once
Apart from all the ones that he has, like his last mega paypacket at tesla, you mean?
KingThrillgore@lemmy.ml 3 weeks ago
HOW IS HE WORTH A TRILLION DOLLARS
sugar_in_your_tea@sh.itjust.works 3 weeks ago
He’s not, he’s merely asking to be worth $1T.
Prior_Industry@lemmy.world 3 weeks ago
I thought these guys had already sold their Tesla stake
lechekaflan@lemmy.world 3 weeks ago
Goddamn. It would be like rehabbing Quisling if they gave that fucking weasel what he wants.
FreedomAdvocate@lemmy.net.au 3 weeks ago
Strange, because in order for Musk to get any of that $1trillion pay package, the part of Norway’s mega wealth fund invested in Tesla would have turned into a mega mega, mega, unbelievably mega, wealth fund. Voting against their own interests sure is something.
AngryCommieKender@lemmy.world 3 weeks ago
You’ve been doing it your whole life according to the shit that comes out of your account.
Quacksalber@sh.itjust.works 3 weeks ago
Piss baby Musk should take his final breath under a bridge with nothing to his name. That would be fair.
stoy@lemmy.zip 3 weeks ago
What would be fair would be if he as he is sitting on the ground a Cybertruck in summon mode careened off the road pinning him against the building not killing him instantly but slowly while the radio in the car is playing a comedy show where he and his companies are the punchlines. The last thing he hears is his legacy bwing laughed at as a joke
Sxan@piefed.zip 3 weeks ago
It sounds like you’ve put some thought into it.
Tollana1234567@lemmy.today 3 weeks ago
musk doesnt trust his own teslas, he would never get in one or near one that isnt heavily modified.
GuyLivingHere@lemmy.ca 3 weeks ago
And then the bridge should fall on him.
Inaminate_Carbon_Rod@lemmy.world 3 weeks ago
I’d like to see his EGO want to be the first man to set foot on Mars.
I wouldn’t be upset if something went catastrophically wrong.