Tesla approves $1 Trillion pay package for Elon Musk

[Anonymous]

Anonymous wrote:

Anonymous wrote:Revolting.

Completely revolting. And scary since he wants to create a robot army.

Did these rich guys watch the Terminator movies and think they were documentaries?

[Anonymous]

[Anonymous]

Anonymous wrote:I have zero problem with this pay package. Tesla is a corporation and can pay its CEO whatever it wants. In this case, the $1T figure is based on company performance metrics. If Musk hits those metrics, the company - and its millions of shareholders - will be doing very well. Those shareholders include retail investors, mutual funds, and pension funds, all of which benefit tens of millions of people in the U.S. and around the globe. Those people will enjoy the enhanced value of their investment in Tesla, and the Federal/State governments to which Tesla pays taxes will also benefit.

What folks here seem to have a problem with is that you don't think Musk is worth that kind of money, and in fact, nobody is worth that kind of money. Musk is worth whatever Tesla will pay him and that he will accept, just like you are with your employer. Likewise, Musk is free to spend his money on whatever he wants, just like you are with your money.

The issue is the board is not focused on shareholders but actually beholden to Musk. Read up on their bios and connection to Musk.

They should understand most of his wealth is tied up in Tesla stock; he is already dependent on it doing well, this only makes him have even more influence on the board.

[Anonymous]

Anonymous wrote:
I have zero problem with this pay package. Tesla is a corporation and can pay its CEO whatever it wants. In this case, the $1T figure is based on company performance metrics. If Musk hits those metrics, the company - and its millions of shareholders - will be doing very well. Those shareholders include retail investors, mutual funds, and pension funds, all of which benefit tens of millions of people in the U.S. and around the globe. Those people will enjoy the enhanced value of their investment in Tesla, and the Federal/State governments to which Tesla pays taxes will also benefit.

What folks here seem to have a problem with is that you don't think Musk is worth that kind of money, and in fact, nobody is worth that kind of money. Musk is worth whatever Tesla will pay him and that he will accept, just like you are with your employer. Likewise, Musk is free to spend his money on whatever he wants, just like you are with your money.


The issue is the board is not focused on shareholders but actually beholden to Musk. Read up on their bios and connection to Musk.

They should understand most of his wealth is tied up in Tesla stock; he is already dependent on it doing well, this only makes him have even more influence on the board.

Yes. But he will also make a lot of other people rich as well. As the PP said, many people who are in index funds have Tesla stock. This includes pensions, governments, etc. Musk doesn't "win" by himself.

[Anonymous]

^One of the big problems right now is that there are only 7 stocks that are increasing the value of the stock market. Tesla is one of them.

[Anonymous]

Anonymous wrote:
^One of the big problems right now is that there are only 7 stocks that are increasing the value of the stock market. Tesla is one of them.

Tesla stock is full of red flags - overbought, and their sales have been tanking. It's all hype, smoke and mirrors.

[Anonymous]

Anonymous wrote:

Anonymous wrote:
I have zero problem with this pay package. Tesla is a corporation and can pay its CEO whatever it wants. In this case, the $1T figure is based on company performance metrics. If Musk hits those metrics, the company - and its millions of shareholders - will be doing very well. Those shareholders include retail investors, mutual funds, and pension funds, all of which benefit tens of millions of people in the U.S. and around the globe. Those people will enjoy the enhanced value of their investment in Tesla, and the Federal/State governments to which Tesla pays taxes will also benefit.

What folks here seem to have a problem with is that you don't think Musk is worth that kind of money, and in fact, nobody is worth that kind of money. Musk is worth whatever Tesla will pay him and that he will accept, just like you are with your employer. Likewise, Musk is free to spend his money on whatever he wants, just like you are with your money.


The issue is the board is not focused on shareholders but actually beholden to Musk. Read up on their bios and connection to Musk.

They should understand most of his wealth is tied up in Tesla stock; he is already dependent on it doing well, this only makes him have even more influence on the board.

Yes. But he will also make a lot of other people rich as well. As the PP said, many people who are in index funds have Tesla stock. This includes pensions, governments, etc. Musk doesn't "win" by himself.

Tesla is a meme stock. People are getting rich because they believe the hype train. Its PE ratio is nuts, and profits are dropping as more competition and Musk manic episodes.

Ultimately we will all lose, either because stock crashes or he has created a robot army he controls.

[Anonymous]

Look at the requirements for Musk to actually get the $1t. They are basically unattainable. If he somehow meets them, he's worht $1t.

[Anonymous]

Anonymous wrote:
^One of the big problems right now is that there are only 7 stocks that are increasing the value of the stock market. Tesla is one of them.

This is not talked much about. Stocks are FLAT since January except Mag 7. And they are buying from each other in circular financing.

[Anonymous]

Anonymous wrote:

Anonymous wrote:
^One of the big problems right now is that there are only 7 stocks that are increasing the value of the stock market. Tesla is one of them.

Tesla stock is full of red flags - overbought, and their sales have been tanking. It's all hype, smoke and mirrors.

This. And the cars are crap.

[Anonymous]

Anonymous wrote:I have zero problem with this pay package. Tesla is a corporation and can pay its CEO whatever it wants. In this case, the $1T figure is based on company performance metrics. If Musk hits those metrics, the company - and its millions of shareholders - will be doing very well. Those shareholders include retail investors, mutual funds, and pension funds, all of which benefit tens of millions of people in the U.S. and around the globe. Those people will enjoy the enhanced value of their investment in Tesla, and the Federal/State governments to which Tesla pays taxes will also benefit.

What folks here seem to have a problem with is that you don't think Musk is worth that kind of money, and in fact, nobody is worth that kind of money. Musk is worth whatever Tesla will pay him and that he will accept, just like you are with your employer. Likewise, Musk is free to spend his money on whatever he wants, just like you are with your money.

At Universities, faculty appoint committees to consider raises. Then they vote themselves large raises. This causes the cost of tuition to rise much faster than inflation. And people happily pay this, even though it is destroying our culture due to a combination of a tragedy of the commons thing and because they really know that if you go to college with the big boys, you have an unfair advantage that can lead to you earning $T salary that you certaintly don't deserve.

So this is fair? Good? how we should order to society to preserve it and make it a decent place to live? Is this the kind of world you want to live in? Because humanity can chose what their culture is like. There is no "god given" ordering. And certainly if the strong can take what they can get, the weak can get together and take down the strong. And we don't have to accept the strong taking what they want. We can use our brains to rein in destructive behaviors when we see them.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:
I have zero problem with this pay package. Tesla is a corporation and can pay its CEO whatever it wants. In this case, the $1T figure is based on company performance metrics. If Musk hits those metrics, the company - and its millions of shareholders - will be doing very well. Those shareholders include retail investors, mutual funds, and pension funds, all of which benefit tens of millions of people in the U.S. and around the globe. Those people will enjoy the enhanced value of their investment in Tesla, and the Federal/State governments to which Tesla pays taxes will also benefit.

What folks here seem to have a problem with is that you don't think Musk is worth that kind of money, and in fact, nobody is worth that kind of money. Musk is worth whatever Tesla will pay him and that he will accept, just like you are with your employer. Likewise, Musk is free to spend his money on whatever he wants, just like you are with your money.


The issue is the board is not focused on shareholders but actually beholden to Musk. Read up on their bios and connection to Musk.

They should understand most of his wealth is tied up in Tesla stock; he is already dependent on it doing well, this only makes him have even more influence on the board.

Yes. But he will also make a lot of other people rich as well. As the PP said, many people who are in index funds have Tesla stock. This includes pensions, governments, etc. Musk doesn't "win" by himself.

Tesla is a meme stock. People are getting rich because they believe the hype train. Its PE ratio is nuts, and profits are dropping as more competition and Musk manic episodes.

Ultimately we will all lose, either because stock crashes or he has created a robot army he controls.

Luckily for us, his robots are garbage, just like the cars. There was some prestige to them I think, but he’s completely ruined that for the company. It’s a Walmart brand now.

BYD and the Korean brands give you twice the car for the money and without the white trash aura of being seen in a Tesla.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I have zero problem with this pay package. Tesla is a corporation and can pay its CEO whatever it wants. In this case, the $1T figure is based on company performance metrics. If Musk hits those metrics, the company - and its millions of shareholders - will be doing very well. Those shareholders include retail investors, mutual funds, and pension funds, all of which benefit tens of millions of people in the U.S. and around the globe. Those people will enjoy the enhanced value of their investment in Tesla, and the Federal/State governments to which Tesla pays taxes will also benefit.

What folks here seem to have a problem with is that you don't think Musk is worth that kind of money, and in fact, nobody is worth that kind of money. Musk is worth whatever Tesla will pay him and that he will accept, just like you are with your employer. Likewise, Musk is free to spend his money on whatever he wants, just like you are with your money.

At Universities, faculty appoint committees to consider raises. Then they vote themselves large raises. This causes the cost of tuition to rise much faster than inflation. And people happily pay this, even though it is destroying our culture due to a combination of a tragedy of the commons thing and because they really know that if you go to college with the big boys, you have an unfair advantage that can lead to you earning $T salary that you certaintly don't deserve.

So this is fair? Good? how we should order to society to preserve it and make it a decent place to live? Is this the kind of world you want to live in? Because humanity can chose what their culture is like. There is no "god given" ordering. And certainly if the strong can take what they can get, the weak can get together and take down the strong. And we don't have to accept the strong taking what they want. We can use our brains to rein in destructive behaviors when we see them.

Who at the universities is getting these massive raises? I ask, because the tenure system is virtually gone, and often the highest paid employee is the football coach. Yes, tuitions have skyrocketed but where is the money actually going?