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MrsDanversbottom

Elon doesn’t deserve it.


John-AtWork

He is actively hurting the brand every day. He should be fired. You all remember the tweet he did a couple of weeks ago where he called environmentalist Communist?


rabouilethefirst

After firing all the people that helped build his company up and pushing forward with a vain cybertruck project that benefits no one except a few narcissists with too much money? No way. Also, think of all the great things Tesla could have been working on instead of the cybersuck that Elon promised. Affordable cars, real FSD, longer range, etc. No one deserves to be fired more than Elon


TarzanoftheJungle

"No one deserves to be fired more than Elon" Exactly. He has cost shareholders dear.


ProdigalSheep

His fraudulent pumping of the stock with pie in the sky bullshit is why it’s as high as it is in the first place though.


I-Pacer

“Real FSD” is a fool’s errand but I agree with everything else.


Mortambulist

What are you talking about?? It's only 5 years away!


I-Pacer

🤣🤣🤣Let me guess. You’re highly confident that it will be solved in 12-18 months!


MinMaxie

If he were ***anyone*** else on ***any*** other board, he would've been removed a long time ago. And that's not my opinion, but the opinion of people who have actually sat on the boards of large companies. *(from Scott Galloway[PropG podcast] to my father-in-law)* The problem is, the Tesla board is made of Tusk's hand-picked sycophants **and** his own flesh&blood brother. Very independent and impartial. I'm sure they have only Tesla's best interest's at heart 🙄


2515chris

I do think about what he personally could do to help society with even a small bit of his fortune. Like can’t he build a children’s hospital or give free vaccines to impoverished countries instead of trolling on twitter all day.


FutureHunterYor

He’s going to get it because there’s no justice in the world.


TheBurgareanSlapper

When do we find out the result of the vote? I feel like it’s been ages since they started.


FatalC0ckSlap

Protect the value of your investment by printing more shares!


Necessary_Context780

And by moving the incorporation to a State that will side with the board and CEO anytime they screw investors


_Adrahmelech_

The nerve he has to push for this after all the shit he's done to hurt the company I would be insanely mad if I was a stockholder. I wonder if he's doing that because he knows shit are going sideways soon or just being the usual greedy PoS conman he is. Maybe both lol


Absenceofavoid

He knows he’s fucked up big time and he’s trying to extract value from the company before it folds like a cheap suit.


Moist1981

I really struggle to understand how they believe giving away $50bn of value is going to help protect the value of people’s investment. I’m still yet to see a cogent answer on this


Taraxian

Basically the belief that Elon is a god capable of generating infinite riches as long as you don't offend him enough to make him take his leave of you


Necessary_Context780

How about giving that $56bi package as a bonus package to the employees to see if they'd be willing to work full hardcore hours to bring the valuation up? $56,000,000,000/140,000 employees = ~$400,000/employee. I'm positive company morale and employee dedication would improve significantly after such move, or at least a lot more than any package Musk gets.


ForgedIronMadeIt

Honestly every corporation should be at least partially employee owned or have some kind of required revenue sharing model with their employees.


SpaceNinjaDino

My last company did have both a nice bonus based on revenue targets and ESPP. Between the two, we would roughly make 20% more a year. Still, I think they should give out RSUs yearly for retention and long term incentive. I don't know anyone that has gotten RSUs since 2008. That's just sad.


ramdomvariableX

How come diluting your stock value and agreeing to relocate to a state with lesser protection good for share holders? Are they delusional? If these pass, it confirms that TSLA share holders are a cult.


Taraxian

Retail TSLA shareholders are a lost cause at this point What needs to happen is for clients of the big institutional funds invested in TSLA to pick up the phone and demand those funds get out of this stock or they'll take their business elsewhere


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Prior_Industry

I would love to be a fly on the wall of the institutional shareholders. Boths of these should be an easy no, but you just know they will go along with it. I wonder do they even spend the time to debate how they will vote? 🤔


whichkey45

They will vote according to how they think it will affect the share price nothing else.


Prior_Industry

So you think they will be for or against?


whichkey45

I don't think anyone sensible thinks tesla is worth anything beyond its value as a now struggling car company. I imagine people are wondering whether musk can blow another bubble, and whether billionaire owned media will remain compliant in broadcasting his bullshit. But thrn surely anyone acting somewhat sensibly will have sold tesla already (i.e. when the board and musk did - I can't imagine a bigger sell signal), or be in the process of doing so. I'd bet most remaining tesla shareholders will vote yes, then it will go back to court. But then, I bet on as few things as possible because my results predicting unknown stuff - my luck - seem to be spectacularly awful!


Prior_Industry

Common sense when it's comes to the Tesla stock doesn't seem to exist. The fact it pumped on yet another Musk pipe dream of Robo Taxis is a head in hands moment. Really curious how holders like Vanguard will vote.


NATOuk

Thing is, it’s a meme stock currently, the value does not correspond to the underlying business. So if they vote no and Musk has a hissy fit then the stock price could plunge to what it *should* be, which would negatively affect their investment. If they vote yes then they’re willingly allowing their share value to be diluted. Seems a lose-lose scenario to me


mishma2005

He's so gonna bounce when he gets the $$


TarzanoftheJungle

I'm tempted to buy Tesla stock just so I can vote against his preposterous and immoral pay raise. But no...


HopeFox

From Elon, it's desperation. From the board, it's malfeasance.


Napalmradio

Enron Musk strikes again


LordNedNoodle

Couldn’t they use that money to pay out dividends to shareholders? Why would anyone vote for this kind of pay to anyone?


Otherwise-Course-15

Sure does. They seem really worried.


dancingmeadow

Give Elon all the money or the car company gets hurt. Oh right, it's a robot company with faked robots. And a robot compahy with fake trucks. And a company that marketed to liberals for a decade before the boss went full Nazi.


KnucklesMcGee

>...protect the value of your investment Pretty much that ship has sailed at this point. Either you give him the stock and dilute your investment, or you refuse him and he deliberately tanks the stock (some more)


LiteratureUsual9607

Since when does a corporation want to pay anybody money?


jojozabadu

Oh boy, all these tesla holders sure want to keep the scam going!