In a series of posts on X Monday night, Musk said that he would not want to grow Tesla to become a leader in artificial intelligence and robotics without a compensation plan that would give him ownership of around 25% of the company’s stock. That would be about double the roughly 13% stake he currently owns.
Just casually asking for a roughly 80 Billion dollar pay raise. But at this point would Tesla be better off without him?
I’m sure Tesla’s investors have a constant fear the stock market will figure out Tesla is a car company and start to value it as such (instead of valuing it more like Google or Apple). He’s basically saying, “If you don’t want to loose 2/3rds of what you have locked up in the company when the market corrects, you’ll give me 12% to continue the pivot.”
Sadly, I’m guessing it’ll work.