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jeffw@lemmy.worldM to News@lemmy.world · 1 year ago

Tesla CEO Elon Musk could leave if $56 billion pay package not approved, shareholders warned

www.theverge.com

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Tesla CEO Elon Musk could leave if $56 billion pay package not approved, shareholders warned

www.theverge.com

jeffw@lemmy.worldM to News@lemmy.world · 1 year ago
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‘This is obviously not about the money,’ Tesla’s board chair writes — presumedly with a straight face.
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  • ohlaph@lemmy.world
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    1 year ago

    He should leave.

  • voracitude@lemmy.world
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    1 year ago

    • Lost_My_Mind@lemmy.world
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      1 year ago

      I was going to post just the text, but you beat me to it. And with a gif no less! Good show.

  • RozhkiNozhki@lemmy.world
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    1 year ago

    Do eeeeet!

  • 0110010001100010@lemmy.world
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    1 year ago

    Don’t threaten me with a good time!

  • baldingpudenda@lemmy.world
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    1 year ago

    If he left, the stock would bounce up 20%. Put an engineer at the head and start producing decent model 3, Y. Work on reaching 25k MSRP. I’m sure there’s bottlenecks and inefficiencies that could get them there.

    • vaultdweller013@sh.itjust.works
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      1 year ago

      They could also abandon the cybertruck and focus on building cheap easy to repair shit boxes. Theyd corner the market by simply being affordable. Especially if they abandoned the BS futurism crap.

    • machinin@lemmy.world
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      1 year ago

      Tesla stock is worth more than most other car companies combined. Musk’s genius is knowing how to pump stock. The company would do much better without Musk, but the stock would tank. No one else is willing to lie, cheat and sacrifice safety like Musk to keep the stock high.

      • activ8r@sh.itjust.works
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        1 year ago

        I can certainly see that argument, but I’d counter that eventually the Musk bubble will pop and that day is coming like a freight train. Better to ditch him now while they can than suffer the cost of keeping him.

        • machinin@lemmy.world
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          1 year ago

          I agree, the stock will tank eventually. I just think it would be immediate if Musk left.

          • Serinus@lemmy.world
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            1 year ago

            Better than spending 56b to put it off temporarily.

        • ProgrammingSocks@pawb.social
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          1 year ago

          Shareholders don’t actually care about long term viability as long as they can sell before everything goes to shit.

          • frezik@midwest.social
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            1 year ago

            Tesla is in the sp500. Investors in that area tend to want long term results. It’s sold on the basis that you stick your money there and ride it for the next 20-30 years.

      • prole@sh.itjust.works
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        1 year ago

        genius

        Yeah I don’t care how good you are at “pumping up a stock.” That’s not genius.

        Cunning? Sure. Savvy? Ok. Clever? Eh fine.

        Genius? Lol fuck off

  • TropicalDingdong@lemmy.world
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    1 year ago

    I might actually consider buying a Tesla at that point. The SO and I nixed the car as an option purely because of that guy.

    • Usually_Lurker@lemmy.world
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      1 year ago

      2 years ago I was certain a long range Model 3 would be our family’s first electric vehicle. I am now certain that a Rivian R2 will be that vehicle instead. As long as Musk is in the pipeline, making terrible decisions I have no interest in Tesla.

    • vga@sopuli.xyz
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      1 year ago

      Model Y is the best car I’ve ever had. I suppose in spite of, not thanks to the ketamine man. Probably not my next car if Tesla doesn’t do something smart about Musk.

  • TransplantedSconie@lemm.ee
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    3 days ago

    deleted by creator

    • m-p{3}@lemmy.ca
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      1 year ago

      “Yeaaaah I’m gone”

      passes out, shits himself

    • Lost_My_Mind@lemmy.world
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      1 year ago

      Will I stay or will I go now?

      • Honytawk@lemmy.zip
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        1 year ago

        If I go there will be trouble (for Musk)

        And if I stay it will be double (for Tesla)

    • SatansMaggotyCumFart@lemmy.world
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      1 year ago

      I always pictured him drinking Grime’s piss to get high.

    • prole@sh.itjust.works
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      1 year ago

      Why does ketamine have to be catching strays just because this one douchebag uses it

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        deleted by creator

  • FuglyDuck@lemmy.world
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    1 year ago

    Do it. but first let me go buy some puts.

    (for the record, that’s either way. cuz. you know. tesla’s getting shitfucked now that they actually have competition.)

  • utopiah@lemmy.world
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    1 year ago

    We’re just 1 year away from the pay out, same planning as FSD and others “predictions”!

  • DudeImMacGyver@sh.itjust.works
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    1 year ago

    Wouldn’t it be better for Tesla if he wasn’t CEO? Hasn’t he repeatedly demonstrated that he’s a shitty leader?

    • Professorozone@lemmy.world
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      1 year ago

      Macrotrends.net says Tesla profits over the last year were $16.8B. So is this jack-hole really worth three years worth of profits? Seems like a bad financial decision to me.

  • FelixMortane@lemmy.ca
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    1 year ago

    I would consider buying a Tesla after a couple years then … maybe.

  • RememberTheApollo_@lemmy.world
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    1 year ago

    Well it worked when he whined and moved Tesla to Texas because he couldn’t get what he wanted. Maybe he’ll leave Tesla now. Problem is a billionaire like him at loose ends could send him into politics.

    • MehBlah@lemmy.world
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      1 year ago

      Not born in the US so at least he can only Schwarzenegger it.

      • 🇰 🌀 🇱 🇦 🇳 🇦 🇰 🇮 🏆@yiffit.net
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        1 year ago

        He has the money to maybe change that rule. Arnold didn’t.

        • MehBlah@lemmy.world
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          1 year ago

          It wasn’t the money that held Arnold back. It was decency.

      • RememberTheApollo_@lemmy.world
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        1 year ago

        I think that’s bad enough.

        • MehBlah@lemmy.world
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          1 year ago

          At least he will have a limited effect. I hope its texas.

  • Diplomjodler@lemmy.world
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    1 year ago

    Don’t threaten me with a good time!

  • Snapz@lemmy.world
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    1 year ago

    IM GONNA LEAVE, I SWEAR!!! In just two more years…

  • arc@lemm.ee
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    1 year ago

    Sounds to me like shareholders should call his bluff and be rid of him. Maybe then the company won’t be wasting money on boneheaded vehicles like the Cybertruck.

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