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This will come in handy when he's arrested and we use his wealth to cure poverty, homelessness, and hunger around the globe.
What's worth more to our species survival?
One ketamine addicted pants wetting Botox infused South African Nazi with a fragile ego...
Or....
The entire world going to sleep with a roof over their head, a full stomach, and a chance at a better life.
Take as long as you need.
If you see a trillionaire there is only one moral thing to do, and its not even close
Agreed. This is economic cancer and must be removed. Arrest him ... seize the wealth.
putin is likely the only true trillionaire out there that is not entirely in investments.
Don't discount the Saudis. They don't have wealth, they have a wealth faucet.
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.
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.
OK, so not going to happen. This is just bullshit to suck oxygen away from the dumpster fire that is Tesla sales figures.
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.
Headline is a bit misleading. He has 10 years to meet a list of requirements to get the pay package.
I actually don’t think he can do it.
He has to sell 1mil humanoid robots, get 12mil robo taxies in the street, and get Tesla’s market cap to $8trillion.
I don’t think he can do the last one. They are at 1 trillion now. NVIDIA has the highest market cap at like 4 trillion.
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:
They will also need rigorous safety testing before a new product like this is even allowed to be sold.
Sweet summer child ...
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).
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?!
They basically print money by issuing stock, then compensating with that stock.
To add to that, billionaires avoid taxes by borrowing against their astronomical securities and stock assets. This is one of the reasons interest rates are of such concern to the rich.
They can then use dividends and other liquid income to perpetually pay for the interest. If shit hits the fan, or they want to pay off the loan, then they would have to pay taxes on the income from the sale of assets.
But if you have a trillion fucking dollars in stock, paying tax on several billion dollars isn’t comparably bad, especially when you can purchase influence by manipulating society with your own social media company and inducing corruption by getting Trump elected.
It may be their plan, but I think that stock is already on shaky ground. Tesla car sales are declining and they are probably running on deficits now, and energy projects are not going anywhere fast.
The moronic Optimus robot Tesla plans to make is already surpassed by Xpeng, with way more convincing presentation of their humanoid robot Iron, and where Xpeng uses in-house chips something Tesla doesn't have. And robotaxi is an obvious flop that is also going nowhere. Everything Tesla is falling more and more behind.
How that stock hasn't already collapsed IDK.
Oooo, that's gonna tank the value of the stock.
No, because Musk isn’t going to sell the stock (or exercise the options). He’s going to take out loans using the stock as collateral, and then pay those loans off with future loans.
Only plebs actually spend their own money.
It will still be a big dilution of the stock. Which will put very hard pressure on the stock price.
There is no way to dilute that much without it having a significant impact.
The difference between 1 million and 1 billion is about 1 billion. The difference between 1 billion and 1 trillion is about 1 trillion.
1 trillion dollars divided by 8 billion humans could pay each and everyone if us 125 dollars, which would go a long way in poor regions.
Or, framed differently: Tesla stole 125 dollars from every human alive to give it to Elon Musk.
I can also run a successful business into the ground, and I would do it for a lot less money.
Edit
I saw a meme earlier and adapted it from billions to trillions. It is a literally unimaginable number.
How Much Is A Trillion?
1 million seconds = about 12 days
1 billion seconds = about 32 years
1 trillion seconds = about 31,710 years. This long ago was the beginning of the last ice age, and before the invention of rope.
1 million minutes ago was approximately 2 years ago
1 billion minutes ago was the year 114 AD,
1 trillion minutes was 1.9 million years ago, the time of the earliest known homo erectus fossils, distant ancestors of modern humans.
1 million hours ago it was the dawn of the 20th century (1901)
1 billion hours ago was 114k years ago, the time when neanderthals first began using seashells as personal decorations. The Sahara desert is a marshland.
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.
1 million days ago it was about 700BC, Rome was a small village and writing had only just begun to spread.
1 billion days ago was 2.7 million years BC. If all the time since then were compressed to one year, all of recorded history would be just a couple of hours.
1 trillion days ago was 2.7 billion years BC, and the only life on earth were single-cell organisms. Pangaea did not exist yet.
The entire universe is only 13.8 billion years old, so 1 trillion weeks ago is older than reality itself. That’s how much money Musk was just paid for destroying Tesla.
Abject unmitigated balls to the wall madness. There's absolutely no way that hapless moron can generate in excess of one trillion dollars of value for those shareholders over the next decade, and even if he could no single individual should ever have that amount of wealth.
Most overpaid "worker" ever.
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.
He claims to work 100 hours per week, but that's still less than 20 hours per company.
Tesla is still one of the smallest car companies by actual amount of produced goods and their values
Elon and Trump combined are creating inflation.
This dude is straight Bernie Madoff on a global scale.
I like how they insist on giving him more money when the reason Tesla sales plummeted is Musk spewing Nazi BS everywhere.
I wish spacex would hurry up and send elon on a one way trip to Mars.
The con artist/market manipulator is betting on a WW3 economy while stirring the pot to create that market.
Aww the poor thing, he needs more money for drugs.
For what? Running his company into the ground?
Pfft... I'd do it for, like, half that.
Shorts on Tesla
Absolutely insane position to be in for a company that has a triple digit PE ratio
Fucking morons.
Be able to finance a K-hole all the way down to hell with money like that.
Can't wait until this clowns pyramid scheme collapses.
If you have a retirement account with "normal" recommended investments (I.e. broad-market mutual funds, target date or otherwise), you're (indirectly) a Tesla shareholder and the fund manager likely voted your shares for this on your behalf.
You've been disenfranchised and the people controlling your money are breaching their fiduciary duty to you. You should be fucking pissed off!
And he will leverage the us governments help to meet all criteria to get that pay package. He just has to donate heavily to whoever will replace trump.
Think we should try convincing him to solve world hunger again? Surely he has enough now. /s
