$1 trillion, lol
Truly sickening.
(The pay pack, not the push back)
Keep in mind, China sells EVs with 300km range for ~$15,000.
We’re not allowed to buy them in the US because we can’t allow competition for grifters like the Musks.
This company is like Enron with a turd Reich leader. I doubt it will survive a crash. I’m sick of being told douchebag South African apartheid Nazis are “geniuses”. I hope this man goes bankrupt and then to prison.
Amen.
The company has to hit 10T 🥲 poor Elon thinks he can kick the can another 9T 🤣
Ah, I missed that earlier. Yeah, not going to happen.
His last pay package faced pushback, too, and was still granted.
I don’t expect any less of this one.
I also don’t understand how this company is so overvalued when, as of late, it isn’t growing.
Market cap has absolutely nothing to do with reality. You can be a company with $100 in the bank and still have the whole company value be $50 according to Wall Street. Luckily this is a perfect system, and it can continue indefinitely without hurting anyone or breaking anything!
If the company has negative revenue, that would make sense. Prices are somewhat forward looking. It’s not just a statement if physically held assets at that exact moment
I’ve seen this happen with a company that increasingly beat earnings (and is EPS positive) every quarter this year. Wall Street doesn’t care because it has already made up its mind what has to happen.
Sounds like a great investment opportunity.
Yeah, I realize this, but what I don’t get is “why”.
Typically there are malicious players, a game to be won, etc. - why is Tesla propped up? I can’t figure out the reason.
Second thoughts here: TSLA is ascendant because Musk is emblematic of billionaires everywhere - deeply mediocre, undeserving, predatory, and absolutely confident that he’s the greatest fucker in the world.
It’s the new Business Plot basically - they chose their new stooges carefully this time, choosing men with absolutely zero moral fibre. Smedley Butler would never have gotten them this far.
There’s a lot of money to be made destroying companies. Sophisticated financial instruments like swaps, leveraged buyouts, and death spiral financing can be used to vampirically destroy publicly traded companies. You buy a controlling share using debt, install a bunch of overpaid C-suite execs who sell all their shares and hire overpaid consultants to tell them useless shit, meanwhile the fundamentals of the business erode, corporate media goes negative on command while your hedge fund buddies short the shit out of it. Sooner or later the whole thing goes bankrupt and private equity buzzards swoop in to snap up whatever value remains.
I haven’t had coffee yet so this is not an essay, only a mild rant. I’m not gonna die on any of these hills right now, it’s my day off.
It might be interesting to create structures for more shareholder oversight over executive pay.
I’m probably far less concerned about executive pay in general than a number of people here, but my understanding is that in Musk’s case, there have been real questions about the board’s independence.
And Musk has had what I’d call some real errors. I am pretty skeptical about his high profile politicking being good for Tesla. Even if he wanted to support Trump, he certainly did not need to become the face of DOGE or be personally doing his $1m lotteries for voting. The Cybertruck flopped.
And he’s not doing Tesla as a full-time job. He’s also CEO, chairman, and CTO of SpaceX.
It’s also not clear to me that even if he can grow an early stage company, that he’s great at dealing with a mature one. Tesla has the largest market cap of any automaker in the world by a large margin. They aren’t a startup any more.
https://companiesmarketcap.com/automakers/largest-automakers-by-market-cap/
I’m dubious that Tesla couldn’t obtain a CEO who could do at least as effective a job for far less pay.
I’m dubious that Tesla couldn’t obtain a CEO who could do at least as effective a job for far less pay.
I reckon I could do that job more effectively than Musk, and I’m a fucking idiot with regards to business. I’d do it for a mere two million dollars a year.
I’d do it for $100k a year, because it would remove Musk from power in that particular place and save people from harassment while I could comfortably live off the wage.
Don’t sell yourself short, my friend.
Thank you for your vote of confidence!
But nah, for those 1-3 hours daily that Musk can alot to that specific task, $100k per year would be ok for me.
Hell, I could do nothing and just let the engineers do their job and I’d be by orders of magnitude better than that lunatic.
I would agree. You could probably designate a chimp as CEO, make sure they are hidden away, and let the rest of the company operate as needed.
And he’s not doing Tesla as a full-time job. He’s also CEO, chairman, and CTO of SpaceX.
Isn’t he supposedly operating six companies? Tesla, SpaceX, xAI, The Boring Company, Neuralink, and X?
Every time I hear some apologist for the extremist position of executive pay that we are operating under, I now think of this guy. In at least his case, it’s clearly a part-time job for one or more of these companies.
Oddly, most companies frown on the average worker doing any moonlighting. They want you exclusively working for one company, at least for white-collar jobs. Doesn’t seem to apply to executives, since it’s fairly common for them to also sit on the boards of other companies, even if it’s not common for them to be operating six companies…
lol “investor pushback” must be the weakest description for what is probably a ton of people really pissed off.
Frankly, if the company you invested in does not give you dividends, then you are a fucking chump.
If you work hard enough you deserve it amiright?!
