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No, that is not right. He got paid $20bn last year, and is getting paid more this year. One thing that tends to be confusing for people is that a dollar amount

No, that is not right. He got paid $20bn last year, and is getting paid more this year. One thing that tends to be confusing for people is that a dollar amount is not being paid, so if you issue shares 100 shares at $100/shares, and the value of the company rises to $200 share then the "value" of the award it not $1k. Giving away shares or paying huge stock-based comp is basically saying that your company is worthless (this is a principle that existed for years before, in tech this has been totally bastardized as employees/managers have looted companies). It is a big deal. It is the biggest comp deal of all-time by tens of billions. As I also explained at great length, it makes no sense because he already had a big position in the stock. The idea that you need to pay someone $20-50bn/year to do a proper job when they are already worth $150bn is...grotesque (I am a big capitalist, I am not in the US but, if I was, I would be a socialist...in Austin, you have people living in tents under almost every bridge, and you have Musk cosplaying as a working man in his $50k house in the same city...whilst he is trying to get rid of his $100m in property elsewhere...it is utterly grotesque, it makes no fucking sense, it isn't a meritocracy, it is feudalism...no-one who is as rich as him has ever demanded share awards like this, no-one, it just doesn't happen because no-one who has this much money is actually that greedy...they can't spend it, so what is the point...it is impossible to look at Musk's actions and not think: "there is something seriously wrong with this person"). Tax avoidance. SpaceX. Other self-aggrandizing nonsense projects. Because TSLA is self-evidently overvalued.

skinnymuch 5y ago
Not sure if you saw my edited comment or not. You responded 5 hours later so I don’t think I could have still edited that much later. > no that is not right What is incorrect about my $9B figure? I said that was the financial amount when the stock was over 2x lower. In line with your $20B figure. You didn’t answer how he is getting 10% of the market cap in a single year. The awards are about giving him roughly 1% (1.7m or so shares) each time at a low option price. Obviously dilution will take effect. So how would or did he get 10% of the market cap in a year? You also didn’t explain anything about the $60B of loans. > because no-one who has this much money is actually that greedy Is this why Elon is so upsetting? Because you believe [current] [ultra] wealthy people aren’t that greedy? The amount of evidence that could go into how insanely greedy and “evil” things incredibly wealthy people do is innumerable. Right off the top of my head I thought of a handful of examples of completely screwed up shit ultra wealthy have done. You brought up tax avoidance. That is the most un-unique thing that a wealthy Elon can do. > I am a big capitalist So I don’t see how this is a big deal especially if you’re a big capitalist in 2021. In what way has the world shown stuff like this won’t happen under the majority of the countries that are some form of capitalism. What would you want capitalism to do to stop Elon Musk then? I am not a big capitalist or one at all, so, again, Musk’s stuff doesn’t seem to be a big deal at all. As you said. He’s able to pull off his brand like being the common man really well. Tesla is so highly linked to him. Tesla unlike most explosions of stock values began before the pandemic. Is there any one who isn’t some extremist or Tesla fanboy to the max who actually thought Musk would be able to meet a handful of the awards in 2020 and on? Or any one that didn’t think Tesla market cap at its current amount was remotely possible to happen in 2020 and 2021?

skinnymuch 5y ago

Not sure if you saw my edited comment or not. You responded 5 hours later so I don’t think I could have still edited that much later. > no that is not right What is incorrect about my $9B figure? I said that was the financial amount when the stock was over 2x lower. In line with your $20B figure. You didn’t answer how he is getting 10% of the market cap in a single year. The awards are about giving him roughly 1% (1.7m or so shares) each time at a low option price. Obviously dilution will take effect. So how would or did he get 10% of the market cap in a year? You also didn’t explain anything about the $60B of loans. > because no-one who has this much money is actually that greedy Is this why Elon is so upsetting? Because you believe [current] [ultra] wealthy people aren’t that greedy? The amount of evidence that could go into how insanely greedy and “evil” things incredibly wealthy people do is innumerable. Right off the top of my head I thought of a handful of examples of completely screwed up shit ultra wealthy have done. You brought up tax avoidance. That is the most un-unique thing that a wealthy Elon can do. > I am a big capitalist So I don’t see how this is a big deal especially if you’re a big capitalist in 2021. In what way has the world shown stuff like this won’t happen under the majority of the countries that are some form of capitalism. What would you want capitalism to do to stop Elon Musk then? I am not a big capitalist or one at all, so, again, Musk’s stuff doesn’t seem to be a big deal at all. As you said. He’s able to pull off his brand like being the common man really well. Tesla is so highly linked to him. Tesla unlike most explosions of stock values began before the pandemic. Is there any one who isn’t some extremist or Tesla fanboy to the max who actually thought Musk would be able to meet a handful of the awards in 2020 and on? Or any one that didn’t think Tesla market cap at its current amount was remotely possible to happen in 2020 and 2021?