Tesla board warns shareholders to approve Musk's $1 trillion pay deal or risk losing him

[Plutoisaplanet]

>>> Well then gee whiz, he should just threaten to leave those other companies if they won't give him a trillion dollars each either <<<<.

Trust me, I do know plenty about him, his politics, and the a**holes that worship him.

FWIW: I was here for 19 years before I blocked my first and only member. Trust me, you're about to become my 2nd.

You were "seriously asking", and if you know plenty about him then my answer should've been the obvious one.

Anyways, the Wall Street Journal reports he hasn't been paid for almost a decade, and as I said he has multiple jobs. This compensation plan requires that he continues to work at Tesla for up to 10 years after meeting any given milestone. Then he gets paid another 5 years after that. And the value of the compensation for any milestone is highly dependent on the value in the stock market.

In other words, it's not at all that he's "demanding a trillion dollars" or he'll leave. If Tesla achieves half the milestones, he only gets paid 20%. This is a highly conditional compensation plan that depends on him working his *** off. It's more like a 20 year compensation plan, not something flippant as you suggest.

 

[wiyosaya]

Just because his politics don't align with your own doesn't mean he's caused damage to the American people. Remember that his companies created far more jobs than were ever laid off via DOGE. 2/3 of those workers left voluntarily with a nice pay package. The government has continued to function since, so obviously those jobs weren't terribly important.

I think you are not quite educated on the effect of DOGE cuts. It is far, far, far more likely that DOGE cuts will cost the US government, and by default, the taxpayers in the US more in the long run than they will save. Besides that, the "information" that DOGE published WRT savings was a total load of crap. I know that you are finding that hard to believe, but if you took a break from your discipleship, you just might realize that you have been lied to by your DOGe.

If the government continues to rack up tens of trillions of dollars of debt, until they default or have hyperinflation, it's going to be far more damaging to the American people. Massive portions of people's savings and retirement funds would be wiped out and that'll affect everyone (not just a couple hundred thousand of people who can get jobs elsewhere).

This is all GOP propaganda.

Meanwhile, Elon Musk's companies make money in foreign countries for Americans. SpaceX owns 90% of the launch market (and the US would be behind China if it were not for SpaceX).

Ah yes, and that is why the US is looking for a replacement for SpaceX and its Starsh!t. https://www.reuters.com/science/us-seek-rival-bids-artemis-3-spacex-lags-nasa-chief-says-2025-10-20/ fElon (SpaceX) had an exclusive contract, yet blew it, or more correctly put, kept on blowing up Starships.

Plus, almost 2/3 of Tesla's sales is in foreign countries (other American companies happily outsource labor).

And that is where Tesla is experiencing the most competition. Especially from BYD.

If you want to look at what's highly damaging to the American people, you should look at the current Federal government shutdown.

I only need to look to people who's medical insurance costs will be 100, 200, 300-percent, or more, of what they currently are to see where the truth is about the current shutdown.

I know, don't tell me. Keeping up is hard to do.

 

[Plutoisaplanet]

If those stocks were to belong to the company just to provide voting power, I would agree.

However, this is literally a bonus package of 1T$ paid by the shareholders... to hell with that!

1. Shareholders are not paying anything to Elon Musk. Their shares may be diluted if Elon sells, but there's no cost you could possibly calculate.
2. Bonuses are above and beyond normal compensation. Elon Musk hasn't been paid by Tesla in 8 years, and this compensation package IS his base pay (albeit dependent on Tesla's performance).
3. It does provide only voting power for the first 5 years. He cannot sell the shares for a minimum of 12.5 years after he achieves any milestone.

 

[captaincranky]

In other words, it's not at all that he's "demanding a trillion dollars" or he'll leave. If Tesla achieves half the milestones, he only gets paid 20%. This is a highly conditional compensation plan that depends on him working his *** off. It's more like a 20 year compensation plan, not something flippant as you suggest.

With the political damage he did at the last election, and by extension the damage he did to Tesla, he should maybe lighten up a bit.

BTW, Tesla just gave Space-X a few Cybertrucks. Now, the can be written off the taxes of both companies. So, "the money goes round and round, and where it stops nobody knows".

Additionally, I thought I heard he was tantatively considering marketing Starlink in Russia. I do remember him trying to withdraw free Starlink from Ukraine.

"AI Says":


Elon Musk owns at least three private jets: a Gulfstream G650ER and two Gulfstream G550s, all registered to Falcon Landing LLC. He also previously owned a Dassault Falcon 900B, which has since been retired. Some sources also indicate he has a new Gulfstream G700 on order.

Now, if you put these in Tesla's, or another one of "his" company's names, that's another write off. So, hasn't been paid in 10 years, is somewhat dubious at best.

I think one thing we can agree on, is that he won't be flying on Spirit anytime soon.

Just curious, did the lost advertisers ever come back to "X", or is he still suing them?

 

[m4a4]

>>> Well then gee whiz, he should just threaten to leave those other companies if they won't give him a trillion dollars each either <<<<.

Trust me, I do know plenty about him, his politics, and the a**holes that worship him.

FWIW: I was here for 19 years before I blocked my first and only member. Trust me, you're about to become my 2nd.

Oh, so you yourself are a toxic political poster annoyed at getting called out? Well, get Ignored yourself. Worse than the annoying MAGA bros...

These articles are great at bringing out the worst in people like you because this tech site apparently needs more politics. I'm glad TS keeps finding reasons to post them /s

 

[captaincranky]

Ironically, most of the people commenting are not shareholders so they're not very knowledgeable about how Tesla actually runs. People who invest money in the company know that Tesla today would be a money losing venture without Elon Musk (who's focused on cutting manufacturing costs and unconventional cost savings like direct sales & vertical integration), meaning it would've been impossible to have ramp up millions of vehicle sales. They also probably don't know that the success of the company has been intertwined with similar CEO compensation plans for the past 15 years.

If all this is true, then I guess musk's net worth isn't anywhere near what it's claimed.

In fact IIRC, there was a few days recently when he was no longer, "the world's richest man".

As for your claim of "cost cutting measures implemented by him", we've all seen the news of Cybertruck body panels falling off, when the glue that was holding them on, failed. Way to go..!

 

[Plutoisaplanet]

I think you are not quite educated on the effect of DOGE cuts. It is far, far, far more likely that DOGE cuts will cost the US government, and by default, the taxpayers in the US more in the long run than they will save. Besides that, the "information" that DOGE published WRT savings was a total load of crap. I know that you are finding that hard to believe, but if you took a break from your discipleship, you just might realize that you have been lied to by your DOGe.

Did you even read what you were replying to? My point was that the "damage to the American people" could only ever be a fraction of the benefits to the American people he's provided through his private ventures. And you might be surprised, but cutting employees (which is all I cited) is necessary at time for an efficient organization. Elon Musk has had mass layoffs for SpaceX and Tesla in 2019 for instance. Without layoffs, companies become institutionalized (similar to government) and productivity become terrible for many employees.

This is all GOP propaganda.

The GOP definitely uses it at propaganda, but that doesn't make it false. It just doesn't benefit them to do anything about it.

But government debt is very real. In the 1900s, there were plenty of examples of countries having financial crises due to government bankruptcy. What happens when interest payments at some point are greater than the entire tax revenue? This year, the US Treasury reports interest payments are expected to reach $1.22T this year. Just 10 years ago they were 1/3 of that. Meanwhile, the Treasure reports that revenue is projected to be $5.23T this year while being just $4.42T 10 years ago. At this rate, the Federal government will default in just 16 years.

That's not GOP propaganda, that's math created from long term trends. I'll even give you the formula:
(1.22/0.402)^(1/10) = 11.7% annualized growth rate of interest
(5.23/4.42)^(1/10) = 1.7% annualized growth rate of revenue
log(5.23/1.22)/log(1.117/1.017) = 15.5 years of solvency remaining
This assumes that the Federal government keeps amping up its spending like BOTH parties want to do.

I only need to look to people who's medical insurance costs will be 100, 200, 300-percent, or more, of what they currently are to see where the truth is about the current shutdown.

I know, don't tell me. Keeping up is hard to do.

And that's what you call a lack of supply in the medical industry.

As for your claim of "cost cutting measures implemented by him", we've all seen the news of Cybertruck body panels falling off, when the glue that was holding them on, failed. Way to go..!

They were body trim pieces and not body panels. It was a flexible piece of trim glued on, and not structural. Once again, you misrepresent reality to suit your narrative.

You love to point to the Cybertruck, but issues like that happen when you introduce a new vehicle. In fact, if you Google body trim falling off, you'll find countless examples of other cars having the same problem (often when adhesive was used). Obviously the adhesive used on that one piece of the Cybertruck wasn't up to par, so Tesla recalled it replacing the adhesive with a better one and it hasn't been a problem since.

 

[p51d007]

LOL, reading all these comments, it just cracks me up how petty some people are, be it left or right.
Musk, prior to buying Twitter, renaming it X, and then "allowing" Trump back on the platform, was a
darling of the left & "geek" types. But once he sided with Trump, the knives came out from the left.
Then, once he sort-of-kind-of left the Maga world, the knives came out from the right.
The destruction of America is because BOTH sides cannot get along. If you are leftist and someone isn't, they must be "86'd", and pretty much the same goes for the right.

 

[RudyBob]

Are you serious???
The damage he has cause to the American people, and your gonna support this GOOF?
Let me guess you must be a MAGA-et

He was very damaging when he gave out Starlink to disaster victims. He was very damaging as he revitalized the space industry. I might go on but my time is more valuable then replying to you.

 

[captaincranky]

LOL, reading all these comments, it just cracks me up how petty some people are, be it left or right.
Musk, prior to buying Twitter, renaming it X, and then "allowing" Trump back on the platform, was a
darling of the left & "geek" types. But once he sided with Trump, the knives came out from the left.
Then, once he sort-of-kind-of left the Maga world, the knives came out from the right.
The destruction of America is because BOTH sides cannot get along. If you are leftist and someone isn't, they must be "86'd", and pretty much the same goes for the right.

Be all of that as it may, if all a candidate for president has to do is lie at the top of his lungs, call people his supposedly to him clever names, claim every news report that contains anything even slightly negative about him, "fake news", pardon hundreds of insurrectionists, and dismiss anyone's opinion that differs from his a "woke", constantly, like a broken record, then we are indeed, in deep do-do as a country.

Then get back to trying to rationalize how the biggest piece of sh!t I've ever seen as president, turned around and threw musk out of the White House. (BTW, I'm 77 and have been voting for over 50 years).

Maybe it goes back to a basic law of physics, "2 egos that massive, can't occupy the same space at the same time.

Now, I've been told over and over that, "I'm just viewing musk on an emotional level, and thus I can't appreciate his greatness".

At least I don't worship him, nor do I live vicariously through his "exploits".

He's possibly the greatest salesman the world has ever seen_full stop.

How else could you convince financiers to loan you 46 billion dollars to buy a business valued at 1/3rd of that, just so you can run your Nazi mouth?

"Now fuel up my Gulf Stream, I'm off to meddle in Germany's elections". (BTW, they threw him out as well.)

 

[captaincranky]

He was very damaging when he gave out Starlink to disaster victims. He was very damaging as he revitalized the space industry. I might go on but my time is more valuable then replying to you.

That's OK. Our time is more valuable than listening to you anyway

 

[bclaymiles]

"We're not going to make it, are we? ...people I mean" - John Connor
"It's in your nature to destroy yourselves" - T-800, aka the governator

 

[captaincranky]

"We're not going to make it, are we? ...people I mean" - John Connor
"It's in your nature to destroy yourselves" - T-800, aka the governator

I already did a "Terminator" satire in another thread.....

https://www.techspot.com/community/topics/nvidia-gpus-head-to-space-next-month-in-first-step-toward-ai-data-centers-in-orbit.295170/post-2168425

 

[Puiu]

His other highly successful companies? Let's not pretend his only job is CEO of Tesla. He's also a CEO of SpaceX and xAI, and involved in a number of other ventures. Maybe you just don't know that much about him, and that would explain the incredulity.

Just because his politics don't align with your own doesn't mean he's caused damage to the American people. Remember that his companies created far more jobs than were ever laid off via DOGE. 2/3 of those workers left voluntarily with a nice pay package. The government has continued to function since, so obviously those jobs weren't terribly important.

If the government continues to rack up tens of trillions of dollars of debt, until they default or have hyperinflation, it's going to be far more damaging to the American people. Massive portions of people's savings and retirement funds would be wiped out and that'll affect everyone (not just a couple hundred thousand of people who can get jobs elsewhere).

Meanwhile, Elon Musk's companies make money in foreign countries for Americans. SpaceX owns 90% of the launch market (and the US would be behind China if it were not for SpaceX). Plus, almost 2/3 of Tesla's sales is in foreign countries (other American companies happily outsource labor). While Tesla makes the most American cars (something Elon pushes for), the auto market trade deficit has more than doubled in the last 16 years in the US: https://www.trade.gov/data-visualization/new-vehicle-trade-data-visualization

If you want to look at what's highly damaging to the American people, you should look at the current Federal government shutdown.

"Just because his politics don't align with your own doesn't mean he's caused damage to the American people. " - except that he did. he factually did. and the damage is immense. you just don't realise it because you don't care or live in a bubble in the US.

 

[mbk34]

He seems to reflect so much of that's wrong in America at the moment. His questionable politics, the cultism that surrounds him and his insane wealth while many struggle.

 

[3volv3d]

His other highly successful companies? Let's not pretend his only job is CEO of Tesla. He's also a CEO of SpaceX and xAI, and involved in a number of other ventures. Maybe you just don't know that much about him, and that would explain the incredulity.

Just because his politics don't align with your own doesn't mean he's caused damage to the American people. Remember that his companies created far more jobs than were ever laid off via DOGE. 2/3 of those workers left voluntarily with a nice pay package. The government has continued to function since, so obviously those jobs weren't terribly important.

If the government continues to rack up tens of trillions of dollars of debt, until they default or have hyperinflation, it's going to be far more damaging to the American people. Massive portions of people's savings and retirement funds would be wiped out and that'll affect everyone (not just a couple hundred thousand of people who can get jobs elsewhere).

Meanwhile, Elon Musk's companies make money in foreign countries for Americans. SpaceX owns 90% of the launch market (and the US would be behind China if it were not for SpaceX). Plus, almost 2/3 of Tesla's sales is in foreign countries (other American companies happily outsource labor). While Tesla makes the most American cars (something Elon pushes for), the auto market trade deficit has more than doubled in the last 16 years in the US: https://www.trade.gov/data-visualization/new-vehicle-trade-data-visualization

If you want to look at what's highly damaging to the American people, you should look at the current Federal government shutdown.

Wasn't Doge half the reason that the government is shut down and the benefits are being stripped?
And the jobs lost because of doge are prob more important than the jobs that he has created.
X should just shut down like FB and many other social platforms that while filled with happy faces are corporate evil behind the scenes. Choom!

I agree that space is a good venture, because this rock we are on is fkd.

But this guy shouldn't be supported. He is like Trump. Oligarchy is a bad thing.
Jobs and money are a bad thing.
Having a purpose in life is different to a job.
Money is control, people are slaves.
And Americans by % increase of inflation compared to wages haven't been as well off as they were since the 70s.

 

[sentry66]

I somehow doubt he'd leave Tesla if they didn't pay him $1 trillion. More people would buy Tesla cars if he wasn't CEO and that's enough money that even more consumers will avoid buying Tesla to not support that. Steve Jobs meanwhile earned a salary of $1.00 per year.

 

[Trapped Nowhere]

Finally. we've been starving for elon content on here

 

[bclaymiles]

I already did a "Terminator" satire in another thread.....

https://www.techspot.com/community/topics/nvidia-gpus-head-to-space-next-month-in-first-step-toward-ai-data-centers-in-orbit.295170/post-2168425

Uh, okay. Not sure what your point is, but cool.

 

[captaincranky]

Uh, okay. Not sure what your point is, but cool.

I may have phrased it wrong, but I was just letting you you now we were on the same wavelength.

I stirred in musk's obsession with space, and his penchant for naming all of his projects, "Giga this, Giga that, or Giga the other thing". And that's not even touching on his fascination with AI and robots. You might call it, "the perfect storm-inator".

Seriously, if you no longer have to run an extension cord up from the ground for power, "the sky's the limit" (so to speak), as to what you could build up there.

Like I said, satire.

Terminator memes are pretty hackneyed at this point in space and time. And, "will it run Crysis", is officially dead, and off limits.Jus' trying to put a different spin, context, and combination into current events

 

[captaincranky]

Oh, so you yourself are a toxic political poster annoyed at getting called out? Well, get Ignored yourself. Worse than the annoying MAGA bros...

These articles are great at bringing out the worst in people like you because this tech site apparently needs more politics. I'm glad TS keeps finding reasons to post them /s

I'm hoping you got the email of my response to you before it got yanked, (There was profane word in the enormous NAGA woman's T shirt). But it did go to my point.

As to whether or not I'm "toxic", gosh, I sure hope so.

Because, believe it or not, you actually do, "fight fire with fire" **, and your opinion of me only matters to you, and your perceived need to advertise it. And if I'm "more toxic", that' only a validation that I'm damned good at it.

Now, if I were asked to present my opinion of the obnoxious "gamer boyz" invasion of Techspot over the years, I'd have plenty to say. But it would likely get yanked as well. So for now I'll just say "you go guyz (and gurlz), nobody could be happier and prouder, for you and your severe gaming addiction than me.

But, TechSpot relies on clicks, no matter their origin, or POV. It's a business, after all.

** "IRL" as the children say on the interwebz.

 

[captaincranky]

@m4a4 As this may get pulled as well, I've posted it separately.
Telling me I'm "worse than MAGA", is just plain hurtful.

So, in honor of everything from MAGA , to far right militias, have I got a meme for you:

 

[BogdanR]

Where in the world you can save a trillion dollars by firing just one person?
This should be easy, Tesla will save big money, Elon goes to do more “roman salutes” or whatever… everyone is happy!

 

[captaincranky]

Where in the world you can save a trillion dollars by firing just one person?
This should be easy, Tesla will save big money, Elon goes to do more “roman salutes” or whatever… everyone is happy!

Musk has the Tesla board stacked in his favor. Were he to be let go, the possibility exists that his supporters might be looking for new jobs under a new, (uncorrupted), CEO,

What a few here still fail to comprehend is the old meme, "birds of feather flock together". The orange turd that somehow managed to drop itself into the White House, should have been easily identified as a psychopath, and a pathological liar. Most CEOs segue into that category, and musk is far from an exception. He's more like a prime example.

Musk is an opportunist, and possibly the worlds greatest "promoter", since P.T. Barnum. OK, so it's in, "the public domain", that car salesmen are all liars. What was musk primarily when he entered the public arena? In point of fact, a car salesman. A car salesman that swore up and down, he was going to "save the world from air pollution" if you bought one his Teslas for $100,000 a pop. Embellishing his patter-/-shtick, with the claim that he was going to have humans on mars, ten years ago..!

He's a piece of sh!t, trumpty dumpty is a piece of sh!t, and as I mentioned before, "birds of a feather, flock together".