• @[email protected]
    link
    fedilink
    3511 months ago

    So that’s what they pay the most irrelevant person in the company?

    Perfectly fine and rational economic system we’ve got going here…

    • @[email protected]
      link
      fedilink
      811 months ago

      Like most CEOs, Musk’s job isn’t really to do things. His job is to weedle tax incentives, private investment, and low interest loans out of his network of rich friends.

      He’s been incredibly successful at it. And that’s what makes Tesla valuable as a brand. The US government will pay you a cool $7500 to buy a brand new $80k cybertruck. Meanwhile, Chinese EVs are taxed at 100% of their sticker price.

      • @[email protected]
        link
        fedilink
        611 months ago

        And let’s not forget politics. When you’re golf buddies with the right politicians, winning those extremely lucrative public tenders will become a cakewalk.

      • @[email protected]
        link
        fedilink
        511 months ago

        Musk is abso-fucking-lutely NOT responsible for the tax incentives, private investment or low interest loans that Tesla got, he’s only been good as an eccentric personality to convince investors that he’s the best and full self driving will be a thing the following year… For the past 7 years.

        • @[email protected]
          link
          fedilink
          411 months ago

          Musk is abso-fucking-lutely NOT responsible for the tax incentives, private investment or low interest loans that Tesla got

          He has wormed his way into a number of national economic advisory boards under both Barack Obama and Donald Trump. His close relationship with Peter Thiel and Catherine Duddy Wood has afforded him a number of opportunities to access investor cash at below-market rates. And he’s spent a fortune on lobbyists at both the state and federal level to influence public tax incentives, grants, loans, and bailouts.

          he’s only been good as an eccentric personality

          The reason he’s in the public eye is thanks to his extensive investment in PR and advertising. He’s one of the original Silicon Valley moneyballers, having determined that a small kickback to the tech media can reap enormous windfalls of retail investment cash and publicly approved state spending.

  • @[email protected]
    link
    fedilink
    1711 months ago

    This shareholder says “Bye!” and I’ll buy more when the market is done panicking over his departure.

  • @[email protected]
    link
    fedilink
    3311 months ago

    does another bump of ketamine

    “Wait, I’m staying.”

    does another

    “Nah. I’m gone.”

    does another

  • Phoenixz
    link
    fedilink
    5611 months ago

    Pay me a bonus that is multiple times the profit that the company has ever made, or i will stop sabotaging said company!

    Eeeeh, no?

    • @[email protected]
      link
      fedilink
      2711 months ago

      The reason he’s able to make this ask and not immediately be laughed out of the room is that Tesla’s value is massively inflated based largely on the personality cult surrounding Musk himself. If Tesla starts being valued as a car company rather than a speculative tech company with a “genius” leader at the help (quotes doing a lot of work there) , the stock price will be a fraction of what it is now.

      That’s what shareholders stand to lose, and it’s why Musk has any leverage to make this ridiculous ask in the first place.

      • LustyArgonian
        link
        fedilink
        English
        311 months ago

        He’s gotta pay back the Saudis for Twitter or else he’ll be Khashoggi’d, so I imagine he’s quite desperate to be asking this in the first place. I wonder how many people invested in Tesla as a way to raise funds for him personally, eg millionaire friends propping up the stock for him as a favor.

        • @[email protected]
          link
          fedilink
          411 months ago

          The Saudis assassinating an American billionaire with such a high profile is simply not a serious possibility.

      • @[email protected]
        link
        fedilink
        1411 months ago

        All I’m learning from the last 10 years between musk and that orange fuck among others is that starting a cult is really the way to go…

        You end up with tons of money, those that could enforce repercussions are held hostage, and you get worshipers.

        • quicklime
          link
          fedilink
          1011 months ago

          Along the same lines, let’s not forget L. Ron Hubbard, who founded Scientology some years after telling a sci-fi writers’ convention that starting an actual cult would be a great way to make far more money off science fiction than just by writing it.

  • irotsoma
    link
    fedilink
    English
    1511 months ago

    If all he does is leave, that will be fantastic. More likely he’ll just cripple the company in his rage. That’s the real reason a lot will vote to pay him.

  • @[email protected]
    link
    fedilink
    3211 months ago

    The stock will go through the roof if he goes…It’ll drop at first as the fanboys bail, but then institution’s will have faith again and invest and it will pop off when he stops kneecapping the company.

    • @[email protected]
      link
      fedilink
      5
      edit-2
      11 months ago

      I don’t know enough to have my own solid thoughts on this, but people I trust and know more than me have all said that Tesla is wildly over valued compared with any other auto makers and considering their P to E. Considering that, I’ve been thinking that once the Musk distortion field goes away, the price may just drop down to where it “should be” by normal standards.

      My heart agrees with what you’ve said, implying that musk is actually holding back the price at this point, but my brain says that might not actually be true.

  • @[email protected]
    link
    fedilink
    2911 months ago

    Il run tesla for half that, and by simply doing nothing I will do a much better job than Musk.