Tesla chair says Elon Musk needs $46 billion pay plan to stay motivated - eviltoast
Musk could devote less time to Tesla if pay isn’t re-approved, shareholders hear.

Musk could devote less time to Tesla if pay isn’t re-approved, shareholders hear.

  • AlternatePersonMan@lemmy.worldEnglish
    28·
    7 months ago

    $46 billion for a guy who never delivers on his promises, has dropped the stock 30% in a year, layed off their most successful division (the charging network), and has let his company fall behind in tech in a space where they were waaaaay ahead. Also the cyber truck is an absolute joke. Oh right, and pissed off Tesla’s strongly left leaning customer base.

    If those 14,000 employees cost an average of $150k each, that’s still only $2.1 billion. Those employees were vastly more useful than the dipshit at the helm.

    If Tesla doesn’t separate from Musk, they deserve to go under. Astonishing that they haven’t sent him packing already.

    • SkyezOpen@lemmy.worldEnglish
      61·
      7 months ago

      Tesla will struggle without his cult though. He’s holding the company hostage. Now there’s a decent chance they’ll turn around and make fantastic products and fix their reputation for the world at large, but musk is too narcissistic to consider that.

        • SkyezOpen@lemmy.worldEnglish
          4·
          7 months ago

          A good ceo will take his hands off the wheel and let the engineers do their thing. Teslas aren’t bad, but musk has been shitting their name up with his vanity projects and weird aversion to lidar.

    • 800XL@lemmy.worldEnglish
      52·
      7 months ago

      He is tanking the company in this way because deep down he knows he absolutely sucks at everything and is in over his head passing gas. He wants them to pay him to go away and he can say he was unfairly ousted. While the company recovers he can say “look how awful they’re doing without me” despite being the problem.