Elon Musk now owns 9.2% of twitter...update.. will soon be the sole owner as Board of Directors accepts his purchase offer

[K1052]

Elon just rick rolled the US government to the tune of 350m direct campaign infusion and 44 billion twitter buyout.

With 1t+ in his back pocket, sure it will take a little engineering, but he could buy all the presidential candidates, all of the house and all of the senate and no-one could do a damned thing about it...

(God damn I am tempted to use a quote from Trump during his first run when speaking on Hillary coming to take guns away... Maybe they can do something about it.)

I think the premise that every single person is for sale is probably incorrect.

 

[Brovane]

Eh, is it just me or does it seem like the targets TSLA needs to hit to trigger this payout aren't really obtainable?

The entire pay package is absurd but yes I don't see how the targets that trigger the full award are obtainable. I was really hoping the shareholders would vote down this BS and send him packing.

The Hurdles Elon Musk Must Clear to Unlock $1 Trillion in Tesla Pay

Tesla would need to obtain a market cap of $8.5T.

Tesla would also need to obtain a EBITDA(Earnings Before Interest, Taxes, Depreciation, and Amortization) of $400B over 12-months. 2024 Tesla was $16B of EBITDA. Apple has a EBITDA of $145B.

 

[K1052]

I am not incredibly confident the Tesla board won't find a way to pay him targets or no.

 

[sdifox]

I actually don't care if Tesla board decides to loot the company to pay the CEO. The shareholders approved the deal.

 

[cytg111]

I think the premise that every single person is for sale is probably incorrect.

I dont want to bicker over this but you only need about half. There is a reason we spit every time citizens united comes up. aipac?

 

[cytg111]

Trump largely won on 8% inflation and anti-incumbency. Musk’s track record on influencing American elections is awful and he’s shown no capability of reversing the tides of electrostatic politics.

Hard disagree.

 

[Brovane]

I am not incredibly confident the Tesla board won't find a way to pay him targets or no.

If they did that, lawyers would be rubbing their hands together for a shareholder lawsuit. His previous pay package (Which was also absurd) is still under litigation.

I suspect he will create enough BS and noise to hit a couple of the targets and get awarded a couple of tranches of shares (I think each is about 1% or 35M shares). I don't see him getting all 12 tranches of awards.

The entire unfortunate thing is because of Tesla being on the S&P 500, just about everyone has a vested interest in Tesla someway including a lot of Pension funds.

 

[K1052]

If they did that, lawyers would be rubbing their hands together for a shareholder lawsuit. His previous pay package (Which was also absurd) is still under litigation.

I suspect he will create enough BS and noise to hit a couple of the targets and get awarded a couple of tranches of shares (I think each is about 1% or 35M shares). I don't see him getting all 12 tranches of awards.

The entire unfortunate thing is because of Tesla being on the S&P 500, just about everyone has a vested interest in Tesla someway including a lot of Pension funds.

I haven't seen a good writeup of the package fine print but my starting assumption is that the board left themselves some flexibility so yeah.

 

[Roger Wilco]

Hard disagree.

Trump won by 230,000 votes and didn’t win the majority.

See also the WI Supreme Court election.

 

[cytg111]

Trump won by 230,000 votes and didn’t win the majority.

See also the WI Supreme Court election.

I hear what you are saying. But I am not seeing it. Looks to be noise in the grand scheme of things.

 

[Brovane]

I haven't seen a good writeup of the package fine print but my starting assumption is that the board left themselves some flexibility so yeah.

He isn't getting the full bonus unless Tesla solves Full Self Driving.

 

[Brainonska511]

He isn't getting the full bonus unless Tesla solves Full Self Driving.

Even if he did,nthe package is obscene. The idea that someone could be so rich that they could spend $1 billion a year, and that could hold them over for 800 years is pure insanity.

You can have success without just letting people run up the "I'm rich" scoreboard that also gives them unequal power to unduly influence politics.

 

[Brovane]

Even if he did,nthe package is obscene. The idea that someone could be so rich that they could spend $1 billion a day, and that could hold them over for 800 years is pure insanity.

You can have success without just letting people run up the "I'm rich" scoreboard that also gives them unequal power to unduly influence politics.

I agree, the total package is obscene.

However a lot of other Tesla shareholders will get a very good returns including pension funds, mutual fund holders at the same time if he gets the full award.
I would bet not a insignificant amount of forum members have Tesla stock someplace in the mutual funds they hold in their 401k/IRA.
I know personally, I sold all the Tesla stock I held at the end of last year but I know some of the Index funds in my 401k have Tesla holdings in them.

Yeah the award is obscene but imagine being able to buy a car as a consumer that drives itself? The only way Elmo is getting the full award is if Tesla solves FSD.

 

[Fenixgoon]

I agree, the total package is obscene.

However a lot of other Tesla shareholders will get a very good returns including pension funds, mutual fund holders at the same time if he gets the full award.
I would bet not a insignificant amount of forum members have Tesla stock someplace in the mutual funds they hold in their 401k/IRA.
I know personally, I sold all the Tesla stock I held at the end of last year but I know some of the Index funds in my 401k have Tesla holdings in them.

Yeah the award is obscene but imagine being able to buy a car as a consumer that drives itself? The only way Elmo is getting the full award is if Tesla solves FSD.

They'd get even more if musk didn't get $1T in compensation

 

[cytg111]

Fsd isnt going to cut it, we're talking world optimus dominance. A robot army that he controls. Great.

 

[Greenman]

Even if he did,nthe package is obscene. The idea that someone could be so rich that they could spend $1 billion a day, and that could hold them over for 800 years is pure insanity.

You can have success without just letting people run up the "I'm rich" scoreboard that also gives them unequal power to unduly influence politics.

I think your math is off just a bit. $1,000,000,000,000 / 292,000 days (800 years) = $3,424,657 and change per day. A darn handsome income, but nowhere a billion dollars.

Wouldn't Tesla have to become the most valuable company on the planet for Musk to get that check?

 

[Brainonska511]

I think your math is off just a bit. $1,000,000,000,000 / 292,000 days (800 years) = $3,424,657 and change per day. A darn handsome income, but nowhere a billion dollars.

Wouldn't Tesla have to become the most valuable company on the planet for Musk to get that check?

Apologies. But it is still obscene. No one can reasonably spend that money on themselves, except to use it to collect even more money.

 

[IronWing]

Apologies. But it is still obscene. No one can reasonably spend that money on themselves, except to use it to collect even more money.

Musk wants to go to Mars and he doesn't care about the cost. He would leave Earth a burned out cinder if that is what it takes to get his butt to Mars. The insatiable greed, the political manipulations, all focused on getting Musk to Mars.

 

[manly]

Eh, is it just me or does it seem like the targets TSLA needs to hit to trigger this payout aren't really obtainable?

Unless Elon is the greatest stock pumper ever (which is possible), a lot of the targets don't seem obtainable.
Haven't looked at the deets, but IIRC some of the manageable targets can still lead to a lot of stock awards.
Only time will tell if TSLA will crumble like a house of cards, or if they will sell a billion Optimus robots. 🙄

Apologies. But it is still obscene. No one can reasonably spend that money on themselves, except to use it to collect even more money.

The obscene part (besides the scale) is the entire notion of this is the only way they can keep their part-time CEO motivated.

 

[Fenixgoon]

Unless Elon is the greatest stock pumper ever (which is possible), a lot of the targets don't seem obtainable.
Haven't looked at the deets, but IIRC some of the manageable targets can still lead to a lot of stock awards.
Only time will tell if TSLA will crumble like a house of cards, or if they will sell a billion Optimus robots. 🙄



The obscene part (besides the scale) is the entire notion of this is the only way they can keep their part-time CEO motivated.

Ill take the job, full time, for a paltry 1 billion!

 

[Greenman]

Apologies. But it is still obscene. No one can reasonably spend that money on themselves, except to use it to collect even more money.

The odds of Tesla ever hitting all the necessary benchmarks in his lifetime are pretty much zero.

 

[Fenixgoon]

The odds of Tesla ever hitting all the necessary benchmarks in his lifetime are pretty much zero.

So why even offer it? If its unachievable, then its not a good goal. I'm sure the board is well aware of the SMART goal system (specific, measurable, achievable, realistoc, and timely). And who's to say the metrics wont be fudged jn his favor somehow? The board is filled with his friends and family.
And why not use that kind of money to reinvest in the company? Surely issuing nearly $1T of stock for sale would provide tesla a tremendous amount of capital to fund future innovations

 

[sdifox]

So why even offer it? If its unachievable, then its not a good goal. I'm sure the board is well aware of the SMART goal system (specific, measurable, achievable, realistoc, and timely). And who's to say the metrics wont be fudged jn his favor somehow? The board is filled with his friends and family.
And why not use that kind of money to reinvest in the company? Surely issuing nearly $1T of stock for sale would provide tesla a tremendous amount of capital to fund future innovations

You expect a capitalist to work for his money? How preposterous.

 

[KMFJD]

is this cooking your engagement statistics and not allowed?

X’s Ghost Traffic: Preloading Ploy Inflates Metrics, Sparks Web Feud

Elon Musk's X is under fire for preloading links that generate fake traffic to sites like Bluesky and Substack, inflating analytics and sparking accusations of foul play. This deep dive explores the mechanics, historical context, and industry fallout from the controversial update.

www.webpronews.com

 

[Greenman]

So why even offer it? If its unachievable, then its not a good goal. I'm sure the board is well aware of the SMART goal system (specific, measurable, achievable, realistoc, and timely). And who's to say the metrics wont be fudged jn his favor somehow? The board is filled with his friends and family.
And why not use that kind of money to reinvest in the company? Surely issuing nearly $1T of stock for sale would provide tesla a tremendous amount of capital to fund future innovations

I have no idea why they offered it, and I don't care at all. I don't own a Tesla and have no plans to ever purchase one. Should Musk's leadership make the company the most valuable on the planet, that would mean Tesla's are the most popular cars on the planet. I guess at that point he deserves the biggest pay check on the planet.