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Yeah, I'd have no trouble voting for that $1T package. There are way too many conditions. There are lots of ways Musk doesn't get paid. The original $56B
by bryanlarsen 1y ago
Yeah, I'd have no trouble voting for that $1T package. There are way too many conditions. There are lots of ways Musk doesn't get paid. The original $56B package was only revenue and stock price based. If it was like this one, it would also have been based on car deliveries, and solar installs, and stationary battery sales. He would have totally missed on the solar installs, despite being massively successful on everything else.
- next_xibalba 1y agoAlso, the basic game theory is obvious. If it’s voted down, Musk might leave, in which case the stock price plummets.
- leptons 1y agoMusk leaving Tesla would be the best thing for the brand. They really don't need him, he's become an albatross.
- tim333 1y agoIt Musk left and Tesla became a normal car company valued at similar multiples to the other ones it wouldn't be good for Tesla shareholders.
- oskarkk 1y agoBut if Musk left Tesla and the stock plummeted, Musk's wealth would also plummet (Tesla is ~1/3 of his publicly known wealth). So I don't think leaving Tesla is in his interest even if it were voted that he will never get any compensation. If Tesla's value increased, his wealth would also greatly increase, so he should be motivated anyway. With that in mind, other stockholders may vote against the package even if they want him to stay, because it's not in their interest to have their shares diluted to give even more shares to Musk.