A Delaware judge has again voided what would be the largest executive compensation package in history—a Tesla (TSLA) pay plan for CEO Elon Musk valued at $101.4 billion (as of Dec. 2, 2024), 33 times larger than the previous record (also held by Musk for a 2018 Tesla deal).123
The December 2024 ruling stands despite Tesla shareholders recently approving the package, which has almost doubled from its original $56 billion value because of the company’s soaring stock price.
I think that Tesla shareholders should have some serious questions as to whether Elon Musk is worth $100 billion a year to Tesla.
And keep in mind that he’s only doing Tesla things part-time:
Owner, CTO and executive chairman of X (formerly Twitter)
De facto leader of the Department of Government Efficiency temporary organization
I mean, I hear a lot of Musk about government employees not putting in their time. How many hours a week is Musk putting into Tesla? What is the return on investment for the money that Tesla is putting into Musk?
It looks like a Tesla gigafactory runs about $1 billion. So for Musk to be a worthwhile investment for Tesla, he’d have to be worth more than than building 100 gigafactories a year.
Instead of paying Musk last year, Tesla could have just given away every Tesla vehicle they produced in 2024 and all other products and services that they sold for free and come out ahead.
https://www.investopedia.com/elon-musks-multi-billion-dollar-pay-package-8757243
I think that Tesla shareholders should have some serious questions as to whether Elon Musk is worth $100 billion a year to Tesla.
And keep in mind that he’s only doing Tesla things part-time:
https://en.wikipedia.org/wiki/Elon_Musk
I mean, I hear a lot of Musk about government employees not putting in their time. How many hours a week is Musk putting into Tesla? What is the return on investment for the money that Tesla is putting into Musk?
https://www.cnbc.com/2021/11/23/tesla-texas-gigafactory-will-cost-at-least-1point06-billion-filings.html
It looks like a Tesla gigafactory runs about $1 billion. So for Musk to be a worthwhile investment for Tesla, he’d have to be worth more than than building 100 gigafactories a year.
https://www.macrotrends.net/stocks/charts/TSLA/tesla/revenue
Instead of paying Musk last year, Tesla could have just given away every Tesla vehicle they produced in 2024 and all other products and services that they sold for free and come out ahead.