Elon Musk awarded nearly $1 trillion pay package by Tesla shareholders

If you see a trillionaire there is only one moral thing to do, and its not even close

note that the tesla car company and shareholders could’ve just ended poverty and homelessness themselves but didn’t.
also he’s the biggest shareholder so that’s neat.

His wealth only exists because his companies are way over valued. If he's being arrested, those companies have likely already failed and his wealth with them.

As I understand it, the fine print allows the board to wave a lot of the requirements and award a large part of the pay package anyway. And since the board is entirely under Musk's control, that's pretty much guaranteed to happen.

Maybe not the whole trillion, but some of the lower tranches aren't going to be too hard to meet and are still with a shitload.

dumpster fire

So a typical day for a cybertruck

He missed every milestone at SpaceX. Stock investors are fucking delusional about autonomous taxis, Waymo has been there for years and it's not a trillion dollar business.

Humanoid robots is pure wank, unless Tesla pivots to sex dolls.

He won't be able to do the other things either.

The most difficult part of designing humanoid robots is the AI. Boston Dynamics has been working on it since 1993. You can't just slap an LLM on it and hope it works. They will also need rigorous safety testing before a new product like this is even allowed to be sold. Not going to happen in 10 years. 20-30 years at least.

Tesla also is incredibly far behind with their self driving cars. Even if they finally get permission to sell robot taxis, the market will already be saturated by other manufacturers. They will be lucky to sell that many.

It will just all go on his list of unaccomplished lies:

https://elonmusk.today/

Of course he can’t. He knows that. This was 100% optics, so he can go down in history as the worlds first trillionaire. It doesn’t matter that it won’t happen, it did on paper, and that’s all these types care about. He can now brag and boast on his newfound success, and insanely, it will work (at least for a while).

This stock and company is so propped up on bullshit, it will happen. Even if the board and investors have to buy his bullshit so he can meet these goals. They need it to happen so the stock price keeps going up.

What if he gets the government to buy it all, in a roundabout way to provide services to the populace via the government. The rejig the taxis to mean robo trains and buses that are free for everyone. The robots can staff hospitals, doing menial tasks (cleaning, changing diapers), leaving the more important work for actual humans.

Maybe he was a socialist all along!

He doesn't need to do it, he'll just lie about it as he always lies about literally everything.

Without his lying he would be a nobody as he has no discernable skill beyond lying his ass off and selling people fantasies

1 million Tesla robots? I've seen student projects that are more impressive than that shit theyve presented and half of it was faked because they couldn't event et anything basic done. Compare those Tesla robots to Boston dynamics and you'd die from laughter

12 million robo taxis? Tesla still doesn't have full self driving that can get a Tesla off a parking lot yet he claims they can cruise cross country through the US without help. Uh huh...

And who forgot how we set foot on Mars in 2018? What a wonderful time that was.

Thank fucking god you explained this. I was thinking wtf is wrong with this world and now I understand this is an unreasonable performance comp plan - makes so much more sense and with the damage he’s done to that brand, people like me wouldn’t buy a thing from them. I wouldn’t piss on him if he was on fire.

It depends on how these things are defined. Say, for example, a 1-foot humanoid roomba minus any utility. When it comes to the market cap, causing hyperinflation of America's dollar can allow it to become true by the word, if inflation isn't part of the agreement.

The robo-taxi is probably the toughest part. Maybe a means for the military to 'taxi' explosives into civilians at Stephan Miller's command?

I know. This all sounds stupid. Unfortunately, I have precedent. Gestures at the year 2025.

No way he lasts 10 years.

Tesla will be bankrupt in 2 years. They may flog it to keep it moving for a while longer, but it is already too late. It's brand reputation sucks, nobody is buying them but losers, most people that own one would dump it if anyone would pay a reasonable amount for it, the quality control is notoriously terrible, and as they age, their repair and maintenance issues are going to become very expensive. They won't recover from any of that. If it wasn't for the government buying so much unused inventory, they'd be in even worse shape than they are.

Besides, he is one of the most reviled men on the planet. In 10 years, the world is going to be very different. Either it will be ruled by ruthless scum like Musk and Trump, or the other 8 billion people on the planet will do something about the >50 people in the world who are fucking it up for everybody else.

I'm really hoping that a decade from now, Musk, and his psychopathic super villain buddies, won't be an issue, one way or another.

So over ten years Musk is getting about 3% of the entire US GDP for 2024!
ONE MAN receives just above 3% of GDP! AFAIK that's about the combined value of the productivity of 5 million people for a whole year!
I don't get how it's even possible for Tesla to pay him that much? And it's absolutely insane that stockholders think he should be paid that much?!

The difference between 1 million and 1 billion is about 1 billion. The difference between 1 billion and 1 trillion is about 1 trillion.

The BBC had a segment on tonight claiming that a stack of $100 bills reaching 1/3 the distance to the moon is worth $1 trillion.

Sure but 15 percent or more doesn't exist in reality.

The different framing is a weird take, that's not how this works. He's an asshole and this is insane, but that's just not how this works.

Just physically having 1 billion dollars would take up the majority of a room, stacked up as a solid mass of $100 bills. It's physically impossible to have 100 billion dollars in the same place, let alone 1 trillion.

https://youtu.be/8YUWDrLazCg

Those bees won't shut up about it either

1 trillion hours ago was 114.2 million years ago, the Cretaceous period, time of dinosaurs like the Stegosaurus and Triceratops, and the time when bees first evolved. Humans would not evolve for hundreds of millions more years.

You fucked this up.

By your own logic humans wouldn't evolve for at minimum another 85.8 million years from today, which is obviously weekend because humans wrote both my statement and yours so we already exist

It's interesting to note that given the evidence of Elon, that being a CEO is a part time job. It has to be. It's impossible for Elon to work 40 hours a week at 6 companies.

And I've always been told by the people that excuse outrageously out-of-step executive pay with this bullshit narrative about how they are the best and the brightest (just like top athletes, don't you know!), and they work long hours, probably more than anyone else at the company and other such hilarious fictions. They are basically the Michael Jordans of capitalism, yadda yadda.

This guy cannot be working even 40 hours at all six of his companies. That's simply impossible, even if he never slept.

But the stock is a religious cult. Frankly, cults are a way to make good steady money, ask the Mormons.

I wish spacex would hurry up and send elon on a one way trip to Mars.

If they are willing to give musk this much, his much are THEY getting out of this...

Better train his neck muscles if he wants to stand a chance.

How many can $3 get me?

It's pretty obvious now that being a CEO is a part-time job. If only everyone could get 1 trillion at a part-time job.

Enough to last a lifetime.

A couple grams, at least.

The full compensation would only be delivered if Musk vaults the company from its present value of $1.1 trillion to $8.5 trillion, a figure that exceeds the current combined market values of Meta, Microsoft and Google-parent Alphabet, the filing says.

Some 20-25% control of it ya.

Yeah, on paper it looks unlikely that he'll hit his targets.

He has to make Tesla an $8 trillion dollar company (will probably be a world first) Sell 1 million optimus robots And increase earnings from 16 billion to 400 billion Oh and as a final piece de resistance - create a succession plan

Some are listed in the article

I think they've sold around 8 million and if we did a average purchase price of 50k that's 400 billion.

But one of the tranches is 20 million vehicles sold.

That'd be 1 trillion with the 50k price, and assuming sales even stayed flat, reaching 20 mil in the time frame isn't hard. I think the 20 mil tranche is pretty weak and should have been much higher.