Source: Tesla shareholders approve $1tn pay package for Elon Musk | Tesla | The Guardian Tesla shareholders approved a $1tn compensation plan for CEO Elon Musk on Thursday, awarding the world’s richest person what would be the largest corporate payout in history if he meets the goals necessary to receive it. . . . The result of the vote was announced at the annual shareholder event in Austin, Texas, with more than 75% of investors voting in favor of the plan. . . . “Thanks, guys,” Musk said, after briefly dancing on stage alongside the company’s Optimus robots. Musk described the Optimus robots, which have not gone into mass production, as the future of the company and of humanity. He reiterated a claim that it would be “the biggest product of all time”, and suggested they could be used in everything from healthcare to prisons. . . . Thankfully, I no longer own TSLA shares. I converted them into a solar roof saving $130 last month. Clearly, he has lost interest in more efficient and affordable EVs. Bob Wilson
His last pay package seemed outrageous, thinking the sales & stock could never become as valuable as was required. Literally a miracle had to happen but it did. So what do sales have to bring in now - a few quadrillion dollars? The incentive amount seems ridiculous because its necessary requirements so scary high.
And how many of his products have been announced as delayed in recent months? FSD, roadster, $25-30k car, semi. Solar tiles, boring tunnels not so great. EVs as early provider, credit due. Storage batteries....good. But both facing cheaper, better competition. Political involvement as an asset to the company? Costly to a shareholder. Costly to the country. As a shareholder, maybe I'd be better off with him not in charge and let him drift to his other projects.
