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?
Why haven’t shareholders elected new board members? Or does his sycophants have the majority in combined total?
There’s good reason to believe that Tesla is an Enron-esque style fraud. No one in charge has shown any business acumen, and no one can explain how it is actually profitable. But that requires only stooges and yes-men on the board. There cannot be any accountability.
Every time I leave my house, I see dozens of Teslas driving around. If they’re not profitable, then they’re horrifically bad at making money. They’re ubiquitous. Pretty impressive market penetration for a business run by people who don’t know what they’re doing.
Their single biggest revenue stream is selling carbon credits. They’re basically a regulatory arbitrage business with a side hustle in cars.
Just like Amazon who is a cloud computing company with a side hustle in e-tail or Google which is an ad company with a side hustle in tech.
In general most people don’t really understand this about big companies.
Yeah but in their cases the “hustle” got them the funds to move into their current space. Musk just had so much money that Tesla outlasted all the red it was in. Same thing going on with Twitter.
We all know it’ll never fully go under, he has too much money for it too. It’ll last long enough to sooner or later come back up.
No, it likely won’t, and part of that is also because of who’s invested in the company’s success. Just another example of “too big to fail”.