Important caveat: **”if he meets ambitious goals, including vastly expanding the company’s stock market valuation.”**
> Much like an earlier pay plan that Tesla shareholders approved in 2018, this 12-step package asks Mr. Musk, the company’s chief executive, to vastly expand Tesla’s stock market valuation — to $8.5 trillion from around $1.4 trillion — while hitting a variety of other goals. Those include selling one million robots with humanlike qualities and 10 million paid subscriptions to the company’s self-driving software.
For the record, the most valuable company in the world today is Nvidia at $5 trillion. To receive his package, Musk has to make Tesla 70% more valuable than Nvidia is today.
Good luck.
Heavenfall on
Asking for a 1 trillion payday for a market cap of currently 1.4 trillion is nuts.
But asking for a 1 trillion payday to (more or less) 5x that 1.4 trillion is completely fair.
AgileDrag1469 on
Welp, modern society and the world over was nice while it lasted. Could have been a lot nicer to select segments of historically marginalized people as well. Now we’re just left with trillionaire techno-feudalist accelerationist overlords content on ending life for everyone on the planet. Intelligence is temporary but ignorance is forever. 🗿
Atalung on
Here’s hoping he does a TON of ketamine to celebrate
I don’t really drink but the day this leech kicks it I’m getting absolutely fucking slammed
Technical_Ad3926 on
Yea good luck with that, bro might’ve single handedly doomed the company by turning off his biggest customer base (democrats who care about going electric). As a democrat who would’ve considered buying a tesla at some point I would never consider it for a second now
Tom-Pendragon on
It’s not a payday and basically impossible for him to meet the agreement. Basically he has to make it so that Tesla in this AI driven world become worth 8.5 trillion usd + selling over 20 million tesla cars. It is basically impossible for him to meet these standards and I expect it will make the agreement null. He may make it some of the low thresholds, but I don’t really see the economy or the company itself improving.
These ambitious goals are insane, and I really don’t see why he agreed to them. Maybe a bad attempt to hype up the stock value
redshadow90 on
I get this sub is biased, but how biased do you have to be? The guy needs to make the company worth 8.5T from 1.4T, and gets a cut for making everyone richer. If he doesn’t hit the target, he makes nothing. Share holders benefit even if he fails assuming he drives up the market cap anyway, but obviously a lot more if he succeeds. Can’t think of anything more fair.
If you hate him but fear he might succeed, you may buy the stock so at least you can be slightly richer and hateful. If you like him you’d buy it anyway. I’m not an investor fyi but might consider it but it always feels so overpriced 😂
Mr_1990s on
It’d be better if this story was framed around the idea that a no growth (and possibly retracting) company that had $100 billion in annual revenue last year has convinced people in the financial world that it might be worth $8 trillion soon.
I’m more curious about the ‘steps’ in between now and his full trillion dollar payout at Tesla’s 8.5T goal. How much does he get at other milestones and how far off are they?
Shenan1 on
just disgusting when there are families that are food insecure. this country needs a major reckoning over these ridiculous salaries, it’s coming for sure. there need to be checks and balances on this.
One-Journalist-213 on
He has lost a lot of credibility from his last payout and is now competing with big boys like Google. Will be fun to watch this show, but your pop corn.🌽
11 Comments
Important caveat: **”if he meets ambitious goals, including vastly expanding the company’s stock market valuation.”**
> Much like an earlier pay plan that Tesla shareholders approved in 2018, this 12-step package asks Mr. Musk, the company’s chief executive, to vastly expand Tesla’s stock market valuation — to $8.5 trillion from around $1.4 trillion — while hitting a variety of other goals. Those include selling one million robots with humanlike qualities and 10 million paid subscriptions to the company’s self-driving software.
For the record, the most valuable company in the world today is Nvidia at $5 trillion. To receive his package, Musk has to make Tesla 70% more valuable than Nvidia is today.
Good luck.
Asking for a 1 trillion payday for a market cap of currently 1.4 trillion is nuts.
But asking for a 1 trillion payday to (more or less) 5x that 1.4 trillion is completely fair.
Welp, modern society and the world over was nice while it lasted. Could have been a lot nicer to select segments of historically marginalized people as well. Now we’re just left with trillionaire techno-feudalist accelerationist overlords content on ending life for everyone on the planet. Intelligence is temporary but ignorance is forever. 🗿
Here’s hoping he does a TON of ketamine to celebrate
I don’t really drink but the day this leech kicks it I’m getting absolutely fucking slammed
Yea good luck with that, bro might’ve single handedly doomed the company by turning off his biggest customer base (democrats who care about going electric). As a democrat who would’ve considered buying a tesla at some point I would never consider it for a second now
It’s not a payday and basically impossible for him to meet the agreement. Basically he has to make it so that Tesla in this AI driven world become worth 8.5 trillion usd + selling over 20 million tesla cars. It is basically impossible for him to meet these standards and I expect it will make the agreement null. He may make it some of the low thresholds, but I don’t really see the economy or the company itself improving.
These ambitious goals are insane, and I really don’t see why he agreed to them. Maybe a bad attempt to hype up the stock value
I get this sub is biased, but how biased do you have to be? The guy needs to make the company worth 8.5T from 1.4T, and gets a cut for making everyone richer. If he doesn’t hit the target, he makes nothing. Share holders benefit even if he fails assuming he drives up the market cap anyway, but obviously a lot more if he succeeds. Can’t think of anything more fair.
If you hate him but fear he might succeed, you may buy the stock so at least you can be slightly richer and hateful. If you like him you’d buy it anyway. I’m not an investor fyi but might consider it but it always feels so overpriced 😂
It’d be better if this story was framed around the idea that a no growth (and possibly retracting) company that had $100 billion in annual revenue last year has convinced people in the financial world that it might be worth $8 trillion soon.
And that they somehow might be right.
[Non-paywall version](https://archive.is/U6cil)
I’m more curious about the ‘steps’ in between now and his full trillion dollar payout at Tesla’s 8.5T goal. How much does he get at other milestones and how far off are they?
just disgusting when there are families that are food insecure. this country needs a major reckoning over these ridiculous salaries, it’s coming for sure. there need to be checks and balances on this.
He has lost a lot of credibility from his last payout and is now competing with big boys like Google. Will be fun to watch this show, but your pop corn.🌽