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Wrong. Absolutely wrong. You are being lied to by the media who claims that Musk is greedy and wants money from Tesla. That is false and deliberately misleading

Wrong. Absolutely wrong. You are being lied to by the media who claims that Musk is greedy and wants money from Tesla. That is false and deliberately misleading, Musk doesn't get money, he gets shares which means he gains control, this is what this is about. The reality is also more interesting. Musks pay package can, by definition, not be larger than the worth of the company.

2OEH8eoCRo0 2y ago
It means he can offload the shares he currently holds.
fooker 2y ago
The shares can be used as a collateral to borrow against, something Musk has done repeatedly. Or can be sold, with some more nuances. So yes, he also wants the money.
- constantcrying 2y ago
  Sure, no doubt that the monetary worth is important. But it completely misses the larger context. This is a struggle about power. Musk wants shareholders to give him back the company he sold. Tesla right now is struggling, a lot. The Cybertruck, the only recent new model, had a slow start and has suffered from a recall. Competition right now is extremely fierce, Tesla is by no means unique in the market any longer. That is the situation in which Tesla is asking shareholders to give him control over the company. I am sure you agree that is a far more interesting story than "evil billionaire want's company to give him billions".
  - dazc 2y ago
    Musk wanted shareholders to honour a deal agreed already. All car companies, including Toyota, are currently 'struggling'. If aliens landed today they would surmise that cars were the dominant species, closely followed by dogs. As has been the case for 50 years or more. In other words, 'struggling' is a relative term.
    - constantcrying 2y ago
      >All car companies, including Toyota, are currently 'struggling'. Tesla won't exist in a decade if they continue on current trajectories. Their situation is completely non-comparable to Toyota, VW, Hyundai or any of the other larger car makers. None of them have it easy, but none of them are in the situation Tesla is in, just look at their recent financials results.
      - bryanlarsen 2y ago
        Tesla is profitable, lots of cash in the bank and little debt. Tesla will be fine. Tesla share price might not be, but the company itself is fine.
        constantcrying 2y ago
        >Tesla is profitable, lots of cash in the bank and little debt. Tesla will be fine. If the trends of their last quarter continue they won't be fine, that much is painfully obvious.
        bryanlarsen 2y ago
        If the trends continue for a decade, sure.
      - rayiner 2y ago
        You mean this trajectory? https://stockanalysis.com/stocks/tsla/revenue/ https://stockanalysis.com/stocks/tsla/revenue/ They had 18% revenue growth last year, 50% the year before that, 70% the year before that, and 28% the year before that. By comparison Toyota’s revenue is barely growing: https://stockanalysis.com/stocks/tm/revenue/ https://stockanalysis.com/stocks/tm/revenue/
        constantcrying 2y ago
        I mean these results: https://digitalassets.tesla.com/tesla-contents/image/upload/IR/TSLA-Q1-2024-Update.pdf https://digitalassets.tesla.com/tesla-contents/image/upload/... Disastrous.
noncoml 2y ago
Hard to get an argument serious when the main argument is “You are being lied to by the media” Stocks give you both control and equity, and can be exchanged for money. Don’t know which part of that simple fact does the media lie to us about.
- constantcrying 2y ago
  And? This doesn't change the fact that the statement "Musks compensation is worth more than what the company is worth" fundamentally shows a severe lack of understanding about the situation. >“You are being lied to by the media” The framing is completely misleading. Again and again the headlines are about money and not the actual thing Musk gets in return.
  - noncoml 2y ago
    “what the company is worth” Market cap is $560b. That’s how much the company is worth. Like it or not.
    - constantcrying 2y ago
      I am not arguing the market cap. I am pointing out that Musk doesn't get Money, he gets shares. And pretending this isn't about power over the company is completely misleading.
- dazc 2y ago
  The media article referenced does kind of suggest this is a $56 billion 'pay' package.
Daviey 2y ago
If he sells these, or a portion, OTC to someone else he bags the money. How is this not remuneration?
- constantcrying 2y ago
  The shares he is gaining now he can't sell for a certain amount of time. This is about him wanting control over the struggling company back. That context also makes the situation far more interesting, because it is the sole reason why shareholders would even vote for his proposal. Because it is a vote about him as a leader.

2OEH8eoCRo0 2y ago

It means he can offload the shares he currently holds.

fooker 2y ago

The shares can be used as a collateral to borrow against, something Musk has done repeatedly. Or can be sold, with some more nuances. So yes, he also wants the money.

constantcrying 2y ago
Sure, no doubt that the monetary worth is important. But it completely misses the larger context. This is a struggle about power. Musk wants shareholders to give him back the company he sold. Tesla right now is struggling, a lot. The Cybertruck, the only recent new model, had a slow start and has suffered from a recall. Competition right now is extremely fierce, Tesla is by no means unique in the market any longer. That is the situation in which Tesla is asking shareholders to give him control over the company. I am sure you agree that is a far more interesting story than "evil billionaire want's company to give him billions".
- dazc 2y ago
  Musk wanted shareholders to honour a deal agreed already. All car companies, including Toyota, are currently 'struggling'. If aliens landed today they would surmise that cars were the dominant species, closely followed by dogs. As has been the case for 50 years or more. In other words, 'struggling' is a relative term.
  - constantcrying 2y ago
    >All car companies, including Toyota, are currently 'struggling'. Tesla won't exist in a decade if they continue on current trajectories. Their situation is completely non-comparable to Toyota, VW, Hyundai or any of the other larger car makers. None of them have it easy, but none of them are in the situation Tesla is in, just look at their recent financials results.
    - bryanlarsen 2y ago
      Tesla is profitable, lots of cash in the bank and little debt. Tesla will be fine. Tesla share price might not be, but the company itself is fine.
      - constantcrying 2y ago
        >Tesla is profitable, lots of cash in the bank and little debt. Tesla will be fine. If the trends of their last quarter continue they won't be fine, that much is painfully obvious.
        bryanlarsen 2y ago
        If the trends continue for a decade, sure.
    - rayiner 2y ago
      You mean this trajectory? https://stockanalysis.com/stocks/tsla/revenue/ https://stockanalysis.com/stocks/tsla/revenue/ They had 18% revenue growth last year, 50% the year before that, 70% the year before that, and 28% the year before that. By comparison Toyota’s revenue is barely growing: https://stockanalysis.com/stocks/tm/revenue/ https://stockanalysis.com/stocks/tm/revenue/
      - constantcrying 2y ago
        I mean these results: https://digitalassets.tesla.com/tesla-contents/image/upload/IR/TSLA-Q1-2024-Update.pdf https://digitalassets.tesla.com/tesla-contents/image/upload/... Disastrous.

noncoml 2y ago

Hard to get an argument serious when the main argument is “You are being lied to by the media” Stocks give you both control and equity, and can be exchanged for money. Don’t know which part of that simple fact does the media lie to us about.

constantcrying 2y ago
And? This doesn't change the fact that the statement "Musks compensation is worth more than what the company is worth" fundamentally shows a severe lack of understanding about the situation. >“You are being lied to by the media” The framing is completely misleading. Again and again the headlines are about money and not the actual thing Musk gets in return.
- noncoml 2y ago
  “what the company is worth” Market cap is $560b. That’s how much the company is worth. Like it or not.
  - constantcrying 2y ago
    I am not arguing the market cap. I am pointing out that Musk doesn't get Money, he gets shares. And pretending this isn't about power over the company is completely misleading.
dazc 2y ago
The media article referenced does kind of suggest this is a $56 billion 'pay' package.

Daviey 2y ago

If he sells these, or a portion, OTC to someone else he bags the money. How is this not remuneration?

constantcrying 2y ago
The shares he is gaining now he can't sell for a certain amount of time. This is about him wanting control over the struggling company back. That context also makes the situation far more interesting, because it is the sole reason why shareholders would even vote for his proposal. Because it is a vote about him as a leader.