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

https://abcnews.go.com/Business/elon-musk-awarded-1-trillion-pay-package-tesla/story?id=127145935

19 points · 3 comments · view on lemmy.world

3 Comments

return2ozma@lemmy.world · 6 pts · 298d

BrotherL0v3@lemmy.world · 3 pts · 298d

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.

So he has to nearly 8x the value of a company that's already massively overvalued? Yeeeaaahh, not holding my breath for this one.

Kyrgizion@lemmy.world · 2 pts · 298d

Tesla bagholders rather than shareholders.