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I low key have a conspiracy theory that the "1 trillion dollar pay package" is just Tesla PR fluff - smoke and mirrors to steal attention away from the poorly p

I low key have a conspiracy theory that the "1 trillion dollar pay package" is just Tesla PR fluff - smoke and mirrors to steal attention away from the poorly performing cybertruck sales and falling stock. If they spin news with dramatic flair highlighting Musk’s bonkers pay package it's a distraction from Tesla’s more immediate and tangible troubles, political alienation of their buyers and ongoing regulatory and manufacturing operational crises.

sethops1 1y ago
I think it's a desperate attempt by the board to get Musk to focus on Tesla again. Tesla has a PE ratio of around 230 right now. If that comes back down to the reality of a declining-sales mid-sized car company, it's going to be an absolute blood bath.
otterley 1y ago
A pay package of that magnitude is a material business fact. If Tesla is lying about this, that would likely constitute securities fraud and risks imprisonment for the people involved in making it.
- jjulius 1y ago
  The company that had to pay out $20 million (in addition to Musk paying another $20 million) to settle with the SEC after being accused of securities fraud in 2018, and whose owner has just been accused of another instance of securities fraud by the SEC this year may, in fact, be engaging in securities fraud here? Well, color me just absolutely shocked.
- myvoiceismypass 1y ago
  I would imagine the current administration has little to no desire to enforce this. There was already an executive order early on to specifically stop enforcing crypto regulation.
aorloff 1y ago
Hiding the cyberflop is much easier than explaining why they have monitors riding in robotaxis while Waymo works
jjulius 1y ago
Seems counterintuitive, no? The first thing I thought of when I saw that pay package being floated was the current state that Tesla is in. That's the primary reason such a package seems so fucking bonkers.
- tim333 1y ago
  In fairness Musk only gets the payout if he hits various targets, more related to AI than cars.

sethops1 1y ago

I think it's a desperate attempt by the board to get Musk to focus on Tesla again. Tesla has a PE ratio of around 230 right now. If that comes back down to the reality of a declining-sales mid-sized car company, it's going to be an absolute blood bath.

otterley 1y ago

A pay package of that magnitude is a material business fact. If Tesla is lying about this, that would likely constitute securities fraud and risks imprisonment for the people involved in making it.

jjulius 1y ago
The company that had to pay out $20 million (in addition to Musk paying another $20 million) to settle with the SEC after being accused of securities fraud in 2018, and whose owner has just been accused of another instance of securities fraud by the SEC this year may, in fact, be engaging in securities fraud here? Well, color me just absolutely shocked.
myvoiceismypass 1y ago
I would imagine the current administration has little to no desire to enforce this. There was already an executive order early on to specifically stop enforcing crypto regulation.

aorloff 1y ago

Hiding the cyberflop is much easier than explaining why they have monitors riding in robotaxis while Waymo works

jjulius 1y ago

Seems counterintuitive, no? The first thing I thought of when I saw that pay package being floated was the current state that Tesla is in. That's the primary reason such a package seems so fucking bonkers.

tim333 1y ago
In fairness Musk only gets the payout if he hits various targets, more related to AI than cars.