Still a shareholder. Maybe the company shouldn’t give a 56 billion bonus when the last few years Tesla has failed to meet any of it’s production goals and it was shown that Elon faked the ‘self driving’ video.
@@AHersheyHere Need some proof to back that up. Also 56 billion dollars to Elon. The company has a market cap of like 600 billion this year alone. Are you okay? Do you think Elon isn't entitled to a good chunk? Yeah there are shareholders but doesn't Elon own a good portion of Tesla? What is 56 Billion to 560 billion? 10% right? How much of Tesla does Elon own? More than 10% right?
Nobody else will win their case. This is just because the Biden administration is against Elon and this is Bidens home state. A shareholder with ONLY 9-shares and this happens? PURE CORRUPTION!!
@@somethingelse9228 Likely ALL companies… most corporations are privately held but shareholders (Corp. well-being) could still suffer from a greedy CEO.
@lox3mgaming819 that isn't what happened. That is the point he's making. The judge made it saying the board js too close to him.. well too bad. They decided it and they rep the share holders.
"Should we technically move to texas where we actually are because we were trying to shirk tax responsibilities in the first place but now it's inconveniencing my ability to bleed the company?" Jesus that tweet was such an admission of so many things
@@DefinitelyWavethat doesn’t mean it’s legal or appropriate. Musk has enough money, he doesn’t give Tesla enough value to justify this enormous payout. He’s demonstrated to be a mediocre leader.
Bleeding a company by increasing its value 800%? Anyone having shares in 2018 just made a lot of money. Most US car companies are falling apart while the CEO takes a massive payout.
Smart not to own moreTesla stocks yet, Tesla car company that's valued at more than every other car company combined despite producing a fraction of the volume. 🤣🤣🤣🤣🤣
@@BranislavB-hx9zyvalued at, but not necessarily worth the price he claims. At some point the world will look under the hood of Tesla and discover a naked Musk tooting a huge horn.
I want all the benefits of being a publicly traded company, but also all the benefits of being a private company I fully own. He has the mentality of someone who grew up owning gem mines under apartheid and thinking that is fair and normal.
@@jaimeduncan6167 I don't know how you think justice system works, but some one needs to press charges for the judge to say something. in this case it was a shareholder.
@@jaimeduncan6167 The shareholders did not approve, the board did, who are all Elon's appointed people. it is one of the least independent boards of any major company. And again, there is a reason the stock is 50% of what it was two years ago. Because of stuff like this..and that is where the shareholders really voted by selling.
You're aware those shareholders are mostly pension funds (401K), right? You apparently understand the basic nature of a contract and yet you make the OP. Very interesting. What is a shareholder?
Dude come on! It's 58 billion dollars. More than all the revenue all his companies combined have ever made. That's just a tad more extreme than price gouging don't you think? Also, his puppets on the board voted for this. That's not the same as the shareholders agreeing.
It's not for us to decide. The board and the stockholders approved the package. Remember it was 2018, and Musk was not hating him, only a feminist-lead left-wing group was hating on him. Cleary now is different because Musk can't keep his mouth closed and has proven them correct. But imagine this: a company decides to increase the payment of the cleaning staff (yeah right), the CEO approves it, the Board approves and 99.99% of all the stockholders approve and a single racist stockholder decides they are a bunch of n*gs and people from "Mexican countries" and go to a judge and has the desition reversed because she *feels* is too much. It seems the court should have rejected the case "ad portas"
Where were all these objections when the pay package was originally proposed? The answer is there were none because no one expected him to achieve staggeringly high company valuation needed for the bonus to fall due.
There was a certain Delaware senator for 40 years that was known for taking bribes and leaning on state government and the state Democrat party to craft legislation favorable to corporations. Now this corrupt idiot is the President.
@@t0mq The pay package was approved in 2018, when Telsa had net profit of -976 million dollars. That's right Telsa lost 976 million dollars and Elon was demanding 55.8 billion
Delaware is now part of the swamp. 73% of the share holders voted for this which I voted for also. I never thought he would hit all 10 tranches but he did it and shouldn't be getting ripped off now by 1 hater with 9 shares causing this type of chaos.
What!? It's his money and his company. So do you own anything at all? Can you give it to me? Because I feel that you're greedy and owe it to me. That's what you're saying. ELON MUSK IS BEING PUNISHED FOR NOT BEING A LIBERAL PUPPET AND NOTHING MORE! YOU LIBERALS ARE THE FACISTS YOU SCREAM ABOUT BUT YOU'RE TOO CLUELESS TO EVEN UNDERSTAND WHAT THE WORD MEANS!
@@philliptemple9841I cant believe morons are defending a judge standing up for the people who work for that company by not allowing 56 BILLION. That is more money than some small counties GDP.
@@philliptemple9841 "“The process leading to the approval of Musk’s compensation plan was deeply flawed,” McCormick wrote in the colorfully written 200-page decision. “Musk had extensive ties with the persons tasked with negotiating on Tesla’s behalf.” McCormick specifically cited Musk’s long business and personal relationships with compensation committee chairman Ira Ehrenpreis and fellow committee member Antonio Gracias. She also noted that the working group working on the pay package included general counsel Todd Maron who was Musk’s former divorce attorney."
nonsense. looks like a setup. How could shareholders vote for this? In fact, the payment came out of their pocket. This looks like an autopilot type scam, I wonder if there is an autopilot in the conditions? Perhaps Elon and his friends then owned a controlling stake and planted the bomb.
I'm sure you could build anything for that. A city, countrywide train network, own personal naval forces haha. Heck how about a moon base. Possible if spent wisely.
Shareholders didn't like him getting paid so much, so he blames the state of Delaware... Instead of asking the board or shareholders, he asks his tweet followers... I'd be horrified if he led my company...
@@Shedington Totally agree. I only hold a tiny amount of shares but still many times more than what this accusing shareholder has. I voted for the pay package, the stock and growth had to perform and it did... amazingly well. Its criminal that the judge can overturn the will of over 75% of shareholders in favour of someone who has 0.000001% shares, its beyond ludicrus. The people who think this is a good thing are seriously lacking the facts and the mainstream media (including BBC) has been very weak on The core fact: "Shareholders overwhealmingly voted in favour of this package it and the judge has overturned it from the complaint of a single person that holds just 9 shares" seriously f**ked up!.. and against the sprit of enterprise, public ownership and voting rights
I would be horrified too. Now, it was not shareholders. The compensation was approved in 2018 and most shareholders agreed to the payment because: 1. It was good business 2. Tesla was growing super fast. 3. Most of the shareholders loved Musk, the feminists in particular and the left were hating on him but he had not yet succeeded in proving them right. So a single to few shareholders dislike the package and a judge with a history of putting Ellon Musk in his place decides to do it again.
Yeah, but it amounts to more than the entire profit of Tesla since inception and calls into question all his moonshots and failed timelines. Was it all BS to get the stock to a certain level?
@@badam1814 Tesla is in a growth phase, it shouldn't be making profit it should be increasing market capitalisation through increased production capacity and market share. Both of which it has achieved and they are very real. Remember how Amazon didn’t make any profit until 2001? That worked out pretty well for them
Doesn't matter. The problem at hand is, it's a publicly trading company and the decision was made by a small handful of people on the board that were his friends. It's basically a crony-agreement. If this was successful, it will rapidly deteriorate. "Economy is bad, if our stocks don't tank, I deserve 100 billion" and his friends are like, "OK." The criteria were set by his friends, the package was set by his friends, but it's not his and his friends' company. I'm sure you realise where the problem is now.
He bought into the company, he didn't "make" it. He made a deal with the board who misrepresented the deal to shareholders, the only people they are supposed to hold a fiduciary responsibility to.
@@WTFUSERNAM44 you mean the shareholders didn't benefit from the company valuation ten folded under Elon? Now it would be fairer to Elon only if he can revert the company valuation to what it was before the deal was made and even then it still means that he's worked the last five years for nothing.
NO. It’s the board. Very different from the shareholders. Btw, Tesla never made a profit of US$56 billion cumulatively. And your going to pay the CEO $56billion.
Elon increased the company's valuation ten fold in five years because they said they'd give him that money if he can achieve that within 10 years. So you're saying it's fair that they're now denying him that promise after he achieved all that? That now he's worked for nothing in the last 5 years? Or maybe Elon should find a way to revert the company's valuation to what it was 5 years ago?@@forbeginnersandbeyond6089
You dont seriously think hes not going to get his money do you...hes the richest man in the world. At worst this is an inconvenience lmao. The power he wields in unimaginable. The tweet he sent out alone will cost the state of Delaware billions in lost business xD
@@asmith9140are you insane? Musk is evidently completely unqualified to run Tesla. The products are going downhill in quality and they’re unable to fix their production issues. A good CEO would have corrected this by now. Stop meat-riding Elon, and try to look at the situation objectively. He’s an incompetent loser.
He should definitely move it to Texas where they don't even let him direct ship cars to his customers. The delivery truck has to leave the state and come back. I doubt they would have ruled differently!
Because the last votes worked out so well. XD If "the people" vote the way he wanted, on a poll with a loaded question, then he says "See! The People agree!". And if "the people" don't, then he either makes some vague statement or just deletes the poll. Nevermind that it used to be that reasonable people block him. Nowadays reasonable people have stopped using Twitter. So hurray for him and his echo-chamber, I guess? :p
Hasn't it made a $trillion or more for shareholders ? He made this deal with the board in 2018 where the share price had to meet benchmarks and it looks like it did. A lot of that share price is due to Musk efforts. I am sure he would do a lot more good with it than most CEO's and let's not even talk about the waste if the government got it's hands on it, I generally detest rich people but if any CEO has earned this much it's Musk.
@@houseoffolly That's very different from actual profit or even sales. You're talking about a car company that's valued at more than every other car company combined despite producing a fraction of the volume.
@@johnsutherland6022You probably could sue if you wished. Elon getting more shares would just dilute the company value, also he would just do what he did last time and slowly sell them whilst making claims he won't sell anymore.
Perhaps Elon and his friends then owned a controlling stake and planted a bomb in case the company succeeded. They didn't risk anything. But the judge just didn't want to call them scammers
@Ye-tf9im :) what a good legal system, where one person can be listened to in the face of such corrupt powerful people as the board and CEO of Tesla. Do you have a reference please? I'd like to read about this, and what I've found hasn't said the detail about one shareholder raising this.
@@zefifier The agreement was for a certain amount of shares and the amount was tied to the value of the company. There were three tiers and few people believed he could ever achieve the second and third tiers. He basically had a given amount of years to increase the value of the company by a given amount. The reason the dollar value seems so high now is that since the agreement was made the company has increased in value by more than ten times. Shareholders got a surprisingly good deal, because if he had left to go focus on his other companies then there is a good chance Tesla would have gone bankrupt during the model three development and either would have been bought out or be worth far less than it's current value. As for profit, tesla is a high growth company, any money it makes just gets pumped back into expanding the business. If you want to understand how well a company is doing then look at the change in book balance rather than profit.
Tesla I stock is up 800% since he was awarded this pay package. Not sure why or how this is supposedly in any interest of shareholders. The shareholder who took him to court owns 9 shares…
Perhaps Elon and his friends then owned a controlling stake and planted a bomb in case the company succeeded. They didn't risk anything. But the judge just didn't want to call them scammers
*Not true...* The majority of that is literally financed by banks, including Morgan Stanley and Bank of America. The remainder is mostly funded by equity.
@@kinart243 was it though? You can't possibly think he deserves to be worth hundreds of billions There's no such thing as an ethical billionaire because to become a billionaire you have to screw over people that work for you. Those hundreds of billions should have been shared out fairly, it's not his money in the first place.
He clearly deserves a big bonus. How about if he was paid a bonus of 300 times what the lowest paid worker is getting. So that would be ... $20 * 300 per hour * 40 hours * 52 weeks hrs * 5 years = $62.4 Million. Oh, lets go with 80 hours, so 124.8 Million. Huh, not quite getting $55 billion.
He clearly does not deserve a bonus when you look at the state of the company right now. A good CEO would have corrected all the quality and production issues. He’s useless.
Actually hilariously sad how the workers who keep the company running gets nothing while the HRs can get billions in bonuses. Absolute bullshit, nobody needs billions, it's just to inflate their egos.
The board of directors and vast majority of shareholders all agreed on this. The court is basically trying to tell the company how to operate internally.
When they setup that package, the goals he needed to accomplish was thought of as impossible. However, he managed to accomplish those company goals. I don't think it was unfair. I feel he deserves that pay. It only sounds like a lot of money now because of how much he's grown the company.
He's probably going to go to prison for fraud due to all of the claims he's made over auto pilot, semi, cyber truck, and other claims that were falsely advertised.
@@ChrisAlbertH47 it was stock compensation. It was nowhere near that amount when it was set. The stock price went up over time. Facepalm. Wow so many financially illiterate people complaining here. Wow!!!
@@migo-migo9503 It's amusing that you think you're the only one here who has an understanding of how finance work. But if you think he deserves it, feel free to debate on behalf of Elol in the court of law instead of the court of public opinion.
for all those blind fools and elon haters saying tesla is a dying company, note that every quater last year tesla made over 20 billion in revenue, 80 billion in the year.. tesla was a dying company when elon dedicated a huge portion of his money and time into it. why do so many people hate on success? just because he is richer than you? more driven? more successful than you'll ever be? grow up
The stock went down when this came out. If this was "in the interest of shareholders" shouldn't the stock go up? The only people to benefit from this are the lawyers - not the shareholders, not the company, not the employees, not the board, not society. Just the lawyer. Shameful.
@@David-wc5zlI think there’s just more investors in the market and they see Tesla as valuable so obviously it’s gonna go up I value if a lot of propels put money into it and given that inflation has gone up I’d say that isn’t to bad think the major corporations want full ownership why he’s just the face of the company he just didnt want to give ownership to them by giving it to the government such as you see with all the social media companies in court cause they want to take that power and influence and tweak it to there liking of what they want people to know the“government” these moves are all funded there money behind it all cause people gotta get paid so in reality it’s the investor behind that move who’s really pulling the strings cause the government doesn’t have money thats why they want to take that power from media outlets it’s all a part of the world economic plan for a one world government not hard to see threw this bull shit if you understand money, banking and business humans want power in one way or the other don’t be misled by thinking that people wouldn’t do that cause from there point of a greater good they would when your less then a pond
Elon anti-union pay 5 usd hour tesla workers in Mexico. South African Elon says that China has a superior democracy compared to the USA, that some Americans still believe in him is a mystery to me. The largest Tesla factory is in China, most Tesla cars are made in China as well.
The shareholders approved this by 70+% The company value has been increased massively since 2018 and the compensation package was in shares, which he has to purchase. Look at how many CEOs companies that are failing for shareholders and yet get paid huge sums of money
@@samibaozilover I agree with you but the larger point is that Tesla has depended on the government via tax breaks to be profitable. For the last 20 years, Tesla has been in business they have only been profitable for 3 of those 20-plus years.
@@waynecmontgomery they paid the government money back early. Unless all the other automotive companies that the US government has had to prop up and are still struggling to compete against the Chinese
I am a share holder.This is not greed.He was given impossible goals to reach and surpassed them,No matter what anyone thinks,he will get a new pay package,Tesla's massive growth is because of him and he will be rewarded for it.
Tesla isn't even making half of what Elon is asking for so where does that money come from ? Yes the shareholders will pay for it (those with more than 1% of shares). Companies with trillion dollar assets like Apple doesn't even pay the CEO such ridicules amount (40-60 million), so its pure greed.
Elon anti-union pay 5 usd hour tesla workers in Mexico. South African Elon says that China has a superior democracy compared to the USA, that some Americans still believe in him is a mystery to me. The largest Tesla factory is in China, most Tesla cars are made in China as well.
Shareholders voted in favour(78%)of the 'performance only' package. At the time it seemed like an impossible task. I didn't think he pull it off but I liked the idea he would really be motivated. But then he did 10X everyones money... including mine. I will be forever greatful and it has changed my life and many others. We have all benefited and he should as well. All shareholders were well aware of who was on the board when the package was made. For a Judge to decide against what the majority of shareholders had voted in favour for, so he receives nothing for performance is insane. This is totally wrong and not what was agreed to.
When did judges start deciding what boards of directors can pay their CEO's? The market capitalization of Tesla is 600 billion. The guy built the company from the ground up. Maybe he is entitled to 9.3%?
@@jidofole "Market cap-or market capitalization-refers to the total value of all a company's shares of stock. It is calculated by multiplying the price of a stock by its total number of outstanding shares. For example, a company with 20 million shares selling at $50 a share would have a market cap of $1 billion." In the marketplace a thing is technically worth exactly what people are willing to pay for it.
Here’s what it actually means. It is not about holding a greedy person accountable by “democracy.” It’s about a dude who owns a company who’s entitled employees and investors want the money for themselves, and don’t want to see him have it. Why not give the man what he worked for, and see how he invests it in yet another life changing company? So dumb.
Since when are any of his companies life changing? He's a marketing genius, that's all. If Tesla disappeared tomorrow it would literally have 0 impact on the world. His companies are wayy overvalued.
It is just a great shame that the company does not have the resources to bring products to market within the promised specifications, timeframe and price.
Evidently Musk is incapable of steering Tesla in the right direction. He doesn’t merit a $56 billion pay package. Find a better CEO who can get the company back on track.
And the state of Delware will lose the business of the richest man in the world and probably lose even more business because of the bad publicity. Why would other business people stay when things like this can happen to them? Delware probably losing the most here tbh.
If you own that stuff then maybe you should. Tesla is a publicly traded company and management should be accountable to those that have invested. If executives are using your money to line their own pockets to an extreme extent, then you most certainly have a right to take issue.
@@df3945 do you want to go look at how much money he's made Tesla shareholders since 2018? 700% return!!! He's done a tremendous job for shareholders and deserves the compensation package that was agreed upon
@@blanchimont5587 just because you wouldn't know what to do with billions doesn't mean that someone else doesn't deserve it. He earned it, its his money to use how he pleases
How can a judge decide a Board approved salary package for a CEO of a company is excessive. They can pay him whatever the f they want. He's invaluable. He's one in a trillion. Imagine losing him and half of TESLA's value would be lost
It's a court of chancery, that's kind of its whole deal. And for additional justice, the shareholder that took the pay package to court is a heavy metal drummer with 9 shares. Proof that metalheads are better than billionaire simps
"He is invaluable" LOL. He's a racist Sociopath who lies about everything.. The company has never made this in profits, while relying on tax credits and direct government support and an overpriced stock.
Don't be surprised when he starts dumping Tesla stock and does a exit. Your riding on his ability to run a business and then give him problems on pay day. I think this is the end of Tesla. Share holders are getting greedy.
He should quit and let the stock crash and take it private The shareholders should do a class action lawsuit against the one guy with 9 shares who is harming everyone
Like this...... Shareholders will lose profits though.... Tesla/Musk earn less shareholder earn less... shareholder hurt Musk he`ll walk away thus Tesla will lose profits shareholder lose stock value... oh the cause and effect is hilarious to watch....
why would he do that? you think he needs the money ? Very surface level thinking. Why haven't you questioned how many shares the shareholder in question actually owned before launching the lawsuit AND what the threshold should be to launch such lawsuit. Greed isn't even a bad thing, I'm glad there are greedy people, it drives their competence and desire. I am just sad at about how unjust this seems to be. I'm not questioning his wealth, I'm questioning who is really taking from it.
I don't understand the argument that it was "unfair to shareholders." Does this guy think that he deserves some of that money? Tesla hit all 12 milestone targets that were required for this compensation to be awarded. Doesn't that make it more valuable to shareholders? I mean, the value of the company hit a trillion bucks at one point. 55 billion seems pretty small in comparison. Based on what I've read, it actually looks like the judge didn't understand any of the arguments and was just flabbergasted by numbers, so just threw up his hands and said "You're out!"
Judge made a decision in favour of the shareholder that brought the suit. Now he says he wants to move to Texas. But if it was beneficial he would have done that a long time ago. He knows it. He’s not going anywhere. He’s gonna stay in Delaware and deal with the judgement handed to him one way or the other.
Tesla sold less than 2 million cars in 2023, but if you divide the 56 billion that Elon wants, by 2 million, Elon would be getting 23,000 USD for each car that Tesla sold, that's just stupid.
He was awarded options, not shares. And the strike price on those options was approx $350, and given the $187 current price those options are underwater. Also, at the time it was agreed a majority of the shareholders voted for it. So, if there was anything stupid it was the shareholders collectively in 2018.
@@mhxxd4 that is absolute nonsense there is no such thing as a profit multiplier for stocks. The total value of all the stocks is an estimate of all future profit of the company time adjusted to now. However my comment wasn't related to stock valuation. I was comparing Elons desired salary to the revenue of the company and it just doesn't match up, it is absolute madness.
@@matthewbaynham6286 and its not a salary, its a previously agreed to performance bonus that he already earned and now its payout time. Forget the dollar amounts for a second, but imagine you get hired as a car salesman and you agree to get paid a 5% commission at the end of the year. You sell a bunch of cars all year then at the end when its time to pay you they say "nevermind you get no commission sorry" or "5% is too much, we're now retroactively changing it to 0.5% instead"
People are stupid. Elon's pay package was directly related to the returns in the stock. 800 percent return on the stock deserves a very special pay package. Elon was living on the factory floor when other CEOs would be chilling at home. What Elon did for Tesla is akin to what Steve Jobs did for Apple.
And that one person had 9 shares. NINE. And he claimed Musks compensation was unfair :D. He damaged the investments of millions of people. This judge does not have a right mind.
Too bad the shareholder is anonymous --- it makes it more difficult to see who is lining their pockets. I doubt a small shareholder brought this action on their own initiative.
The shareholders voted *OVERWHELMINGLY* (80%) in favour of this compensation plan in 2018, which required strict milestones to be achieved. Their investments have since increased in value *10 TIMES* since then as of now. Who exactly is being mistreated ?
People everywhere. Because yay, shareholders gain a bucket of cash. Elongated Muskrat gains fivehundred buckets of cash. And the employees that actually do the work? Sorry, there's no money available for raises. Also, all you guys who have been talking about unionizing? Sorry, but you're fired.
@@Scapestoat So even though this lawsuit claims to protect shareholders, you just admit they make a bucket of cash, lol. And employees have generous stock options as well, unlike other car manufacturers. Do you have any evidence Tesla employees have less satisfaction than other car companies in terms of pay or benefits? A quick lookup on Comparably website shows 79% overall satisfied workers, with 4.1/5 for culture. Not sure where you are getting your information.
@@Scapestoat The suit was brought by a single investor (with 9 shares), complaining they (and the other shareholders) were being negatively impacted by this. You've just admitted you disagree with the judge's ruling, and agree with Elon with your admission: "shareholders gain a bucket of cash".
@@robb233 Yeah, no. You can't just put stupid words in my mouth like that. The guy who sued might or might not have had a point. Nobody cares about that. (except Elon fanboys, I guess?) What people and the law care about is justice. And a billionaire getting an other many billions as a bonus is the opposite of both justice and equality. But I guess you don't care for justice or equality, eh? ;)
@@Scapestoat if you honestly think the point of the lawsuit was to keep a rich man from getting richer for 'justice and equality' you have no idea what this is about. Everybody involved, from the board to the shareholders, to the employees, to the car owners, to the environment are better off in one way or another since 2018 since the mass production of these EV vehicles.
He was going to get paid up to 1,000,000 times the average salary of a Tesla worker. There was just no justification for the enormous self-assigned bonus.
Yeah it is. If he invested the money and created this business. Meaning he created jobs. Without him, they would not have jobs. If the company goes down, he goes down. If the employees want to make 1 million dollars then tell them to Create their own company or invest in one. Anyway, why are you bothered by it?
Had no idea that self-igniting cars that burn for DAYS can make you 56 billion? And after a competitor from another continent, outperforms your sales by a third last year (though with equally bad products).
its insider trading, if he knows its going to drop for whatever reason (or causes it himself) then he gains a large sum of money and can ruin the lives of other investors. @@captainkaizo3824
@@zedetachWell it is actually the company’s money. So it is partly his money as he is a shareholder in the company but it also partly belongs to the other shareholders
Tesla free cash flow is around 4.4B dollars. So paying 13 years of company free cash flow to its CEO for 6 years of his service is KINDA steep. But Elon Musk is so detached from reality that it doesnt surprise me. Just as a reference - 58B almost a market cap of BMW at 61B dollars. I know that ppl cant handle big numbers. So - do you think BMW (entire company) is fair payment for his 6 years of service?
Why do you not like EVs, exactly? We got one recently, and it refuels from our rooftop solar. It's great! It also has *way* more VROOM VROOM compared to a fuel car. Like, it is insane! On the sporty mode, you get pushed back into your seat.
@@Scapestoat by presenti only the positive points yeah, speccialy if you are all in EV! In reality you must wait a lot to get it fueled, so you have a lot of time, so rich, so not in touch of the reality of the most that, have no money for solar or EVs! You are living in a bubble that is mainly driven by tv, and tv is selling lies to make a division in society basef of lies, wrong info and nice looking things. I will not write you down much more because my posts are mainly delete by the system to support your propaganda. Just to be clear, diesel is not responsable for pollution at the and more then all the ev industry. If you get the final product that looks like not polluting it pollited all the way up to you and down after you will trash it. Tofay is estimated that 2 billion solar pannes yearly will be trashed and there are no plants or strategirs. As was and is for wind ... Keep living in your dreams barbie world people ;-
@@old-gamer-01 What do you mean "all in on EVs"? It is the first EV we've ever owned, and the rest were all fuel cars. If anything, that means "mostly all in on fuel cars." I was expecting an actual conversation. I asked you a genuine question. But instead I got your grumpy rant. So fine. I'll respond to your grump with facts! Sure, if I recharge with "whatever my inverter has left over" in the middle of winter, it can take "forever". That is the point. It recharges at no cost, while it is parked. On a very muggy day, that is. On a sunny day, it'll fill up quick. But what is "quick"? I hear you ask in your brain. This is: if I somehow emptied it because I just drove 550KM and I need to leave again immediately, then it would take 20 to 25 minutes. Which is a far cry from "forever". You're the kind of guy who thinks that solar panels take more energy to make than they generate in a life-time, aren't you? The most common solar panel types use no (yes, NONE!) or trace amounts of rare earth materials. As such they can be, and are, recycled. The claim that there is no plan for recycling them, when they are actively being recycled with some really basic recycling technologies makes me wonder if you have read up on anything at all in the last 30 years. Maybe pick up a book sometimes? Or read some science papers online. And how can I be brainwashed by TV, if I don't watch TV? Duhhh~ I expected a nice conversation, and some insights, and instead I got your grump. Tsk.
56 billion is a grotesque amount no matter how u look at, even in an era where grotesque amounts of compensation for top executives is the norm. He has the choice to take Tesla private (if he can) and then he can do what likes.
Tesla asserted in an SEC filing in August 2021 that Musk’s salary for 2020 dropped to zero, down from $23,760 in 2019 and $56,380 in 2018. “However, he has never accepted his salary,” t
@@johnsutherland6022 I get where U are coming from but I have to ask. How huge is huge enough? What is the difference between 1bllion and 56 for any individual. I say not much but some of that 56 billion distributed to the employees can change the lives of literally thousands of people.
Elon anti-union pay 5 usd hour tesla workers in Mexico. South African Elon says that China has a superior democracy compared to the USA, that some Americans still believe in him is a mystery to me. The largest Tesla factory is in China, most Tesla cars are made in China as well.
The deal was that he had INSANE, nearly impossible milestones to achieve for the company. Which he did. Delaware judge has zero power to do this, what is too much? is $100k too much? who decides that, its nowhere in the law?!
Seemingly the judge did have the power to do this. When the judge deems it too much it's compared to market standards (compensation for other CEO's). And an independent board of directors ought to decide. The judge ruled the board of Musk's associates was not independent when they approved the pay plan Musk himself penned down.
There's a lot of numbers between 100k and 55B, seems like you are making a fallacious argument there. I don't think you understand how much money that is. That is equivalent to the market capitalization of BMW. Imagine receiving BMW as a payment for reaching... what milestones exactly? Not even 5% of the number of cars Toyota sold in that time?
Shareholders voted and now the judge wants to interfere. Shareholders understood exactly what they we voting for. Someone with 9 tesla shares shouldn't be able to override that decision. Sell your shares and leave. Remember no one outside of the shareholders thought he would 10X the company.
Apparently, the main shareholders then were Musk and his friends, they simply decided to receive a bonus if the company was successful. The judge just didn't want to call it fraud.
This is why Musk has recommended to stay private if at all possible. Current shareholder supremacy is a horrible structure. This man would put that $56bn straight back to work, as he has always done. I hope this loser that blocked the payment is proud of himself.
@@stopdropnroll One man stopping the richest man in the world from making more money will never be a loser no matter the context. He's the most based Chad in human history
@@pretzelboi64 that's just silly. Have you seen what he says about money and how little he has come to care about his own wealth. You are welcome to your opinion but in mine Musk is one of the most important people in history. I'm open to be proven wrong but good luck with that.
@@stopdropnroll Your opinion, or mine, doesn't matter when Musk is already seen as a massive clown by Gen Z and Alpha. He's just another out of touch boomer going senile as shown by his tweets
It’s his company. It’s like having full rights over your privately owned IP and having your income blocked because someone is interfering with your operations.
@@heartborne123every big car company in history has had government loans, Tesla is the only one to have paid back early with interest, it was a worth while investment for the tax payer.
It’s not unfair to the shareholders, it’s unfair to the hard working people who have made Tesla such a successful brand and catalog of products. When I visited the factory in Fremont, California, several years ago, there were dozens of people almost literally working shoulder to shoulder/elbow to elbow in overcrowded open space offices. The uncomfortable and distracting working environment these professionals were operating in at the time hardly looked like it was a cutting edge and respectful place to work, but apparently those professionals persevered and made the company what it is today.
oh yeah? and one of them was possibly Elon. Who worked his ass off for 5 years. 70% of shareholders agreed to this package, and the stock has gone up more than 10 fold since. The government stopping an agreement between private parties has to be unconstitutional.
@@uhgall Elon Musk also relied upon very beneficial government loans to get Tesla up and running, plus other financial from benefits from state and local governments, so yes, the government most certainly should have a role in this sort of litigation. I don’t mean to hurt anyone’s feelings, but you Elon fans, who continue to believe in the myth of the self-made man, are some of the silliest people currently living on Earth, maybe even in the entire universe. Elon’s only real talent is his lack of adversity to taking calculated risks, and very unfortunately, he has become a person who believes in his own mythological status as a celebrity inventor and business person. Those who claim that he’s a modern day Thomas Edison clearly have little to no clue what kind of man Thomas Edison was. So far, Elon Musk has not invented any of the technologies his companies bring to the market place. He only uses the capital, some of it his, some of it from shareholders and some of it from the U.S. government (in other words some of the capital at his disposal is money we pay in taxes), to pay other people to invent and build new technologies or develop technologies invented by others.
@@philliptemple9841 You people clearly have no idea how large businesses really work. Elon Musks businesses could not grow and be successful unless thousands of qualified, hard working, people had decided to sell their time, skills and expertise to Elon Musk’s companies. Elon Musk didn’t create any jobs, the people working for him did by making his businesses successful and profitable, so have the American tax payers by providing favorable conditions in which investors like Elon, who often have more capital than they know what to do with, to use said capital to hire the people with the right skills which are required for making the businesses profitable. At this point, the biggest role an an executive level professional like Elon Musk has is to not get in the way of their own employees’ initiative, creativity and productivity. Elon’s pitiful shenanigans as the head of X/Twitter are a perfect example of how a business person like him should not behave and also proves that Elon Musk is in no way a genius industrialist.
It was voted for and approved by shareholders. The one bringing the law suit had 9 shares. This is just a frontman for a company that’s looking to short the stock. They are ones who will profit from this, not the shareholders if this causes the stock to tank
This older gentleman either has an agenda or doesn’t know what he’s talking about. The accuser is a single shareholder owning just 9 shares. Meanwhile the remaining hundreds of millions of shares and their shareholders voted yes on this package. Let that sink in.
How much profit has Tesla had ever? How should thet compare to the CEO's financial compensation? Also, has it served to keep Elon more or less interested in Tesla?
The people whos currently throwing hate in Elon's direction i wonder how much that has to do with his political stances rather then the fact that hes a billionaire. Before he got a bit edgy on twitter people on the left generally sung his praises in his efforts to create to make Tesla a success.
no he doesn’t deserve $55 billion. how about $25 billion and reinvest the other $30 billion into Tesla’s greatest resource, its workers! Give them a good COLA raise or just a pay increase! THIS CEO trend of outrageous pay packages is way, way out of hand!!!!
Do u know the terms? He had to meet goals that no other company has done ever. If he didn't he would not get a single penny. He does not get a salary or anything. Would you work for ten years for free? Oh and he invested all his money into tesla when was the last time you paid 200 million to get a job?
@@timg2973 That pay package would be most of Tesla's Net Profits from the time it was founded to now. Tesla had a net profit of 18 Billion last year, and Elon wants to be paid more than what the company made?
So, if he failed will this argument ever hold? Give him what you agree with for him to burn his life to produce results. If you have never built something you can not understand what it takes to do what he does on a regular.
He never has had a 56 billion dollar pay deal. He has a bunch of options to buy stock over a long period of time. At the time that deal was done, almost every financial analyst in the world was giving TESLA no chance of survival. Musk not only put every penny he had into the company, he was not drawing a salary, he is still not drawing a salary. Even he thought Tesla and SpaceX had less then a 50% chance of survival. So after he works all these years, 24/7 to build a great successful company, some schmuck with 9 shares does not think his compenstation is fair..That him cashing in on the options is not fair. Come on, this is a left wing political hit job.
Elon anti-union pay 5 usd hour tesla workers in Mexico. South African Elon says that China has a superior democracy compared to the USA, that some Americans still believe in him is a mystery to me. The largest Tesla factory is in China, most Tesla cars are made in China as well.
It annoys me that this clip doesn't point out that the reason the amount is so high is that the compensation was in stock not cash and that it was tied directly to the value of Tesla shares. Few people believed he would be able to increase the share value so much so quickly and a lot of people invest in Tesla because they believe in musk's ability to grow companies far more than the underlying company itself. It's absurd that a judge would overturn a shareholder decision. If it had just been a board of directors decision then fine, but this was very clearly voted on by the shareholders and the outcome was extremely clear. If this was an election the result would be considered a landslide and the judge nullified it because someone that only got a handful of votes threw a temper tantrum.
This whole post is a gov psyops. You notice all the comments are bots. Biden is doing everything he can to destroy elon because he won't unionise his companies. It is sad how ceos can dilute shares and issue debt and get millions in bonuses but elon actually increases shareholder value and gets attacked.
The shareholder that took him to court, only owns 9 tesla shares.
It's the little girl in front of the Bull of Wall Street
😂😂😂got em
What a fkn joke
Still a shareholder. Maybe the company shouldn’t give a 56 billion bonus when the last few years Tesla has failed to meet any of it’s production goals and it was shown that Elon faked the ‘self driving’ video.
@@AHersheyHere Need some proof to back that up. Also 56 billion dollars to Elon. The company has a market cap of like 600 billion this year alone. Are you okay? Do you think Elon isn't entitled to a good chunk? Yeah there are shareholders but doesn't Elon own a good portion of Tesla? What is 56 Billion to 560 billion? 10% right? How much of Tesla does Elon own? More than 10% right?
You will think that a big media with business correspondents will dive deep and explain the pay package and the judgment
Nah cuz then they’d have to actually do shit.
This is just a short report, not an entire show
Why do that when they are part of the media Elon said "Fuck you" to
Fired those people when they started running out of money 7 years ago after attacking the Internet for reading the news before them.
this isn't the place
so any corporation that is incorporated in Deleware can challenge CEO pay....
Only Publicly listed companies as far as i know.
Nobody else will win their case. This is just because the Biden administration is against Elon and this is Bidens home state. A shareholder with ONLY 9-shares and this happens? PURE CORRUPTION!!
@@somethingelse9228 Likely ALL companies… most corporations are privately held but shareholders (Corp. well-being) could still suffer from a greedy CEO.
Any corporation that is publicly owned can challenge CEO pay wherever it incorporated...you go public you're now beholden to your shareholders
@lox3mgaming819 that isn't what happened. That is the point he's making. The judge made it saying the board js too close to him.. well too bad. They decided it and they rep the share holders.
"Should we technically move to texas where we actually are because we were trying to shirk tax responsibilities in the first place but now it's inconveniencing my ability to bleed the company?"
Jesus that tweet was such an admission of so many things
all rich people do this on every aisle, everybody knows this and always has. What were u born yesterday?
@@DefinitelyWavethat doesn’t mean it’s legal or appropriate. Musk has enough money, he doesn’t give Tesla enough value to justify this enormous payout. He’s demonstrated to be a mediocre leader.
Bleeding a company by increasing its value 800%? Anyone having shares in 2018 just made a lot of money. Most US car companies are falling apart while the CEO takes a massive payout.
@@Phtang-phtang tesla hasn't gone up 800% since 2018 from elons input to the company 🤣
@@jamm8284you are right it was 19dollars in 2018 it’s 190 today so it’s more like a 1000% increase
Fun fact, the shareholder owned 7 Tesla stocks.
Smart not to own moreTesla stocks yet, Tesla car company that's valued at more than every other car company combined despite producing a fraction of the volume. 🤣🤣🤣🤣🤣
@@BranislavB-hx9zy Cuz Elon pumped Tesla by promising Vaporware like full self driving by 2017 and robotaxi etc.
@@BranislavB-hx9zyvalued at, but not necessarily worth the price he claims. At some point the world will look under the hood of Tesla and discover a naked Musk tooting a huge horn.
@@BranislavB-hx9zyTesla isn’t just a car company, it’s a data company to.
That's 1,315.37 USD as of Today
I want all the benefits of being a publicly traded company, but also all the benefits of being a private company I fully own. He has the mentality of someone who grew up owning gem mines under apartheid and thinking that is fair and normal.
The stockholders approved the compensation package.
Yeah, he's the CEO and the board get's to decide. If he delivers and they're happy, what's the problem?
@jaimeduncan6167 the shareholders did not approve. The board approved it
@@jaimeduncan6167 I don't know how you think justice system works, but some one needs to press charges for the judge to say something. in this case it was a shareholder.
@@jaimeduncan6167 The shareholders did not approve, the board did, who are all Elon's appointed people. it is one of the least independent boards of any major company. And again, there is a reason the stock is 50% of what it was two years ago. Because of stuff like this..and that is where the shareholders really voted by selling.
The richest person in the world, and the whiniest.
Nah that goes to you. Literally nothing about this affects you whatsoever but you gleefully support it. What a sheep.
*Second richest
Bet he's sobbing himself to sleep over that fact now.
If I'm that rich, I'd cry all day if I wanted 😂
He would and will trade every cent to take humanity to mars he doesn’t care about money you idiot why should he it’s some paper he doesn’t need.
They really don't set a great example do they?
So, it's okay to price gouge anyone but the Shareholders, right?! The almighty shareholders!!!
We both start a business, all the profit goes to my pocket, and I just say thanks to you, are you okay with that?
@@thatsawesome2060 If I agreed to it, and you got it in writing, then I'll have to be okay with that. A contract is a contract!
You're aware those shareholders are mostly pension funds (401K), right?
You apparently understand the basic nature of a contract and yet you make the OP. Very interesting. What is a shareholder?
Dude come on! It's 58 billion dollars. More than all the revenue all his companies combined have ever made. That's just a tad more extreme than price gouging don't you think?
Also, his puppets on the board voted for this. That's not the same as the shareholders agreeing.
@@mervstash3692Tesla made 81bn in revenue in 2022 alone.
Nobody is worth 56 billion dollars for a couple of year's work, the court should rule that he gets paid in Zimbabwe dollars.
So much hate and envy!
you jealous?
Hater alert😒
Always a loser whining about a winner's success.
Caution...beep...echo chamber alert...beep...
A CEO who makes decisions via Twitter poll 😂 yeah sure he deserves 50 Billion for sure 😂
Compensation package was voted for in favour by board and shareholders, before an annual shareholder meeting 5 years ago. Nothing to do with Twitter.
@@shimmy1984 A Tesla shareholder filed the lawsuit
@@somethingelse9228 whats that got to do with Twitter?
Also, rounding down leaves a life changing $6 billion dollar difference.
That's an obscene amount of money, when you really think about it...
It's not for us to decide. The board and the stockholders approved the package. Remember it was 2018, and Musk was not hating him, only a feminist-lead left-wing group was hating on him. Cleary now is different because Musk can't keep his mouth closed and has proven them correct. But imagine this: a company decides to increase the payment of the cleaning staff (yeah right), the CEO approves it, the Board approves and 99.99% of all the stockholders approve and a single racist stockholder decides they are a bunch of n*gs and people from "Mexican countries" and go to a judge and has the desition reversed because she *feels* is too much. It seems the court should have rejected the case "ad portas"
A contract is a contract. Man earned that cash
NO ONE earns that amount.....it's a job....as today's court ruling indicates!
Where were all these objections when the pay package was originally proposed? The answer is there were none because no one expected him to achieve staggeringly high company valuation needed for the bonus to fall due.
@elonmuskceospaceX no way! It's Elon musk! congrats on the 56bn!
he wants the money to cover his disastrous Twitter purchase
Timeline, this was back in 2018 , way before he even thought about buying twitter
Non sense. $40b is nothing for him. He bought the company for free speech. Elon started Tesla and those funds were totally justified.
Man, read, the boards and the overwhelming majority of the shareholders approved the payment in 2018.
That`s why you never get friendly with the Murdoch's one is on that board.
Don’t comment on some you don’t know anything about this compensation package is from 2018
If he leaves moves his corporation from delaware them get ready to pay more taxes. Top 100 companies are all incorporated in Delaware
There was a certain Delaware senator for 40 years that was known for taking bribes and leaning on state government and the state Democrat party to craft legislation favorable to corporations. Now this corrupt idiot is the President.
@@untwu That has not changed. The laws are great also for keeping clowns like Elon in check.
Joe Biden…. Delaware .. How good could it be, really?
@@t0mq The pay package was approved in 2018, when Telsa had net profit of -976 million dollars.
That's right Telsa lost 976 million dollars and Elon was demanding 55.8 billion
Delaware is now part of the swamp. 73% of the share holders voted for this which I voted for also. I never thought he would hit all 10 tranches but he did it and shouldn't be getting ripped off now by 1 hater with 9 shares causing this type of chaos.
The moral of this story is not "Don't incorporate in Delaware" but rather "Don't be TOO greedy!"
Do not rip off the owners of your company by collusion with the board!
What!? It's his money and his company. So do you own anything at all? Can you give it to me? Because I feel that you're greedy and owe it to me. That's what you're saying. ELON MUSK IS BEING PUNISHED FOR NOT BEING A LIBERAL PUPPET AND NOTHING MORE! YOU LIBERALS ARE THE FACISTS YOU SCREAM ABOUT BUT YOU'RE TOO CLUELESS TO EVEN UNDERSTAND WHAT THE WORD MEANS!
It's not being greedy. Nearly all the shareholders voted in favour and he delivered in spades. This is about a corrupt judge.
Phillip.
@@philliptemple9841I cant believe morons are defending a judge standing up for the people who work for that company by not allowing 56 BILLION. That is more money than some small counties GDP.
@@philliptemple9841 "“The process leading to the approval of Musk’s compensation plan was deeply flawed,” McCormick wrote in the colorfully written 200-page decision. “Musk had extensive ties with the persons tasked with negotiating on Tesla’s behalf.”
McCormick specifically cited Musk’s long business and personal relationships with compensation committee chairman Ira Ehrenpreis and fellow committee member Antonio Gracias. She also noted that the working group working on the pay package included general counsel Todd Maron who was Musk’s former divorce attorney."
The shareholder has 9 shares lol
Why didn’t Elon just buy him off?
@@watchman835Then everyone else would try to sue him to be bought off
nonsense. looks like a setup. How could shareholders vote for this? In fact, the payment came out of their pocket. This looks like an autopilot type scam, I wonder if there is an autopilot in the conditions? Perhaps Elon and his friends then owned a controlling stake and planted the bomb.
@@Couly How many other 53bn pay off does he have?
Imagine getting BTFO by someone with 9 shares.
For context: u can build a canal across a nation or a tunnel under a ocean for far less than that.
I'm sure you could build anything for that. A city, countrywide train network, own personal naval forces haha. Heck how about a moon base. Possible if spent wisely.
Governments across the globe have spent Trillions with no results. The Cubans did the same. How's that going?
Small country and no oceans that small
From korea to japan, yes u can.
Google said: 21 bill to make the chunnel.
Shareholders didn't like him getting paid so much, so he blames the state of Delaware...
Instead of asking the board or shareholders, he asks his tweet followers...
I'd be horrified if he led my company...
The shareholders voted in favour of this payout... For a judge to overturn this based on one very tiny shareholder is a farce.
@@Shedington Totally agree. I only hold a tiny amount of shares but still many times more than what this accusing shareholder has. I voted for the pay package, the stock and growth had to perform and it did... amazingly well. Its criminal that the judge can overturn the will of over 75% of shareholders in favour of someone who has 0.000001% shares, its beyond ludicrus. The people who think this is a good thing are seriously lacking the facts and the mainstream media (including BBC) has been very weak on
The core fact:
"Shareholders overwhealmingly voted in favour of this package it and the judge has overturned it from the complaint of a single person that holds just 9 shares"
seriously f**ked up!.. and against the sprit of enterprise, public ownership and voting rights
I would be horrified too. Now, it was not shareholders. The compensation was approved in 2018 and most shareholders agreed to the payment because: 1. It was good business 2. Tesla was growing super fast. 3. Most of the shareholders loved Musk, the feminists in particular and the left were hating on him but he had not yet succeeded in proving them right. So a single to few shareholders dislike the package and a judge with a history of putting Ellon Musk in his place decides to do it again.
@@Shedington It's called the protection of minority shareholders. If you don't understand that, you have no understanding of how corporations work.
@@ztcr6 Well, he is a genius scammer, for sure.
Guys, you do realise it was performance related stock options and not a big pile of cash, right?
Yeah, but it amounts to more than the entire profit of Tesla since inception and calls into question all his moonshots and failed timelines. Was it all BS to get the stock to a certain level?
@@badam1814The cars are real. I see them on the road all the time. Somebody bought all those cars. Doesn't seem like BS to me.
@@peterfireflylund Auto pilot doesn't work, No Semi, No Cyber Truck. Elon keeps saying next year though.
@@badam1814 Tesla is in a growth phase, it shouldn't be making profit it should be increasing market capitalisation through increased production capacity and market share. Both of which it has achieved and they are very real. Remember how Amazon didn’t make any profit until 2001? That worked out pretty well for them
Doesn't matter. The problem at hand is, it's a publicly trading company and the decision was made by a small handful of people on the board that were his friends. It's basically a crony-agreement. If this was successful, it will rapidly deteriorate. "Economy is bad, if our stocks don't tank, I deserve 100 billion" and his friends are like, "OK." The criteria were set by his friends, the package was set by his friends, but it's not his and his friends' company. I'm sure you realise where the problem is now.
You made the company.
You made the deal.
They accepted the deal.
It’s your money.
You got screwed, Elon…
He bought into the company, he didn't "make" it. He made a deal with the board who misrepresented the deal to shareholders, the only people they are supposed to hold a fiduciary responsibility to.
@@WTFUSERNAM44 - stfu you keyboard coward. Go spread divisiveness somewhere else. Try being productive for a change, you socialist traitor pinhead.
@@WTFUSERNAM44he made the company what it is.
@@WTFUSERNAM44 you mean the shareholders didn't benefit from the company valuation ten folded under Elon? Now it would be fairer to Elon only if he can revert the company valuation to what it was before the deal was made and even then it still means that he's worked the last five years for nothing.
I mean isn’t this something the shareholders voted on anyways?
The Musk appointed board
@@SerendipityChildthey’re class A Shareholders that own the majority of the company and have the majority of the voting rights…
NO. It’s the board. Very different from the shareholders. Btw, Tesla never made a profit of US$56 billion cumulatively. And your going to pay the CEO $56billion.
Actually we did vote on it.
Elon increased the company's valuation ten fold in five years because they said they'd give him that money if he can achieve that within 10 years. So you're saying it's fair that they're now denying him that promise after he achieved all that? That now he's worked for nothing in the last 5 years? Or maybe Elon should find a way to revert the company's valuation to what it was 5 years ago?@@forbeginnersandbeyond6089
Keep taking Ls Elon.
Musk is rising above his level or qualifications
You dont seriously think hes not going to get his money do you...hes the richest man in the world. At worst this is an inconvenience lmao. The power he wields in unimaginable. The tweet he sent out alone will cost the state of Delaware billions in lost business xD
@@asmith9140are you insane? Musk is evidently completely unqualified to run Tesla. The products are going downhill in quality and they’re unable to fix their production issues. A good CEO would have corrected this by now. Stop meat-riding Elon, and try to look at the situation objectively. He’s an incompetent loser.
@@DefinitelyWaveI think you clearly don’t understand what incorporating in Delaware means. They’re not losing billions in business. Are you 12?
@@DefinitelyWave👈🏻Electric god fanboy in the house, triggered 😂
LMAO he posts a public vote on twitter about it. Elon you are too much.
He posted it already knowing the answer lol
He should definitely move it to Texas where they don't even let him direct ship cars to his customers. The delivery truck has to leave the state and come back. I doubt they would have ruled differently!
that dude doesn't care about polls, he just wants an ego boost... you are pure simp
Because the last votes worked out so well. XD
If "the people" vote the way he wanted, on a poll with a loaded question, then he says "See! The People agree!".
And if "the people" don't, then he either makes some vague statement or just deletes the poll.
Nevermind that it used to be that reasonable people block him.
Nowadays reasonable people have stopped using Twitter.
So hurray for him and his echo-chamber, I guess? :p
@chetsenior7253 He’s only a billionaire playboy philanthropist shooting rockets into space
He wants to pay himself more than Tesla had ever made.
Hasn't it made a $trillion or more for shareholders ? He made this deal with the board in 2018 where the share price had to meet benchmarks and it looks like it did. A lot of that share price is due to Musk efforts. I am sure he would do a lot more good with it than most CEO's and let's not even talk about the waste if the government got it's hands on it, I generally detest rich people but if any CEO has earned this much it's Musk.
you are clueless
@@houseoffolly That's very different from actual profit or even sales.
You're talking about a car company that's valued at more than every other car company combined despite producing a fraction of the volume.
@@YodaOnDMT my brother in Christ, The total value of Tesla assets has gone from 34B to 106B Since 2019. That’s 72B by itself. You are retarded.
There goes Delaware's "business-friendly" reputation. And it only took one lawsuit to bring it all down.
Musk tweeted that he would "prefer shareholders to decide matters". It was a shareholder that brought the lawsuit.
The law suit was from one guy with 9 shares
70% of shareholders AGREED to this comp package in 2018. The NY times wrote the conditions were impossible to meet and called then "laughable".
@@uhgallhave you read these terms and conditions? does it say fsd? and when was the claim filed?
With 9 shares my family and friends own more than 100 times that amount and I wish I could sue that shareholder
@@johnsutherland6022You probably could sue if you wished.
Elon getting more shares would just dilute the company value, also he would just do what he did last time and slowly sell them whilst making claims he won't sell anymore.
Shareholder votes are null?
Maybe the board acted on their behalf? Shareholders were concerned enough to take it to court
the board of directors was recognized as affiliated. in fact they were recognized as scammers
Perhaps Elon and his friends then owned a controlling stake and planted a bomb in case the company succeeded. They didn't risk anything. But the judge just didn't want to call them scammers
@@SerendipityChild no they weren’t, only one person sue with 9 shares of Tesla 🤣
@Ye-tf9im :) what a good legal system, where one person can be listened to in the face of such corrupt powerful people as the board and CEO of Tesla.
Do you have a reference please? I'd like to read about this, and what I've found hasn't said the detail about one shareholder raising this.
Imagine being compensated $55 billion for earning the company a profit of $30 billion. 🤨
A profit?
More like 15Bil, Elon is a con man to be honest, with all the lies he did over the years and empty promises.
he didn't get $55 billion, he got a certain amount of shares that happen to be worth that much now because the value far exceeds the original target
@@givanildosouza6904 so you're saying he wasn't going to be compensated with something worth $55 billion?
@@zefifier The agreement was for a certain amount of shares and the amount was tied to the value of the company. There were three tiers and few people believed he could ever achieve the second and third tiers. He basically had a given amount of years to increase the value of the company by a given amount. The reason the dollar value seems so high now is that since the agreement was made the company has increased in value by more than ten times. Shareholders got a surprisingly good deal, because if he had left to go focus on his other companies then there is a good chance Tesla would have gone bankrupt during the model three development and either would have been bought out or be worth far less than it's current value.
As for profit, tesla is a high growth company, any money it makes just gets pumped back into expanding the business. If you want to understand how well a company is doing then look at the change in book balance rather than profit.
Tesla I stock is up 800% since he was awarded this pay package.
Not sure why or how this is supposedly in any interest of shareholders.
The shareholder who took him to court owns 9 shares…
Probably because that pay package is a solid 10% of the entire company.
The amount of shares of the shareholder is irrelevant.
So it’s a sad act that’s still angry about Twitter?
Tesla is a publicly traded company, which means anyone who owns shares can take these kinds of actions
10% of a company 800% bigger. His influence on delivering this has been massive and the goals were thought to be impossible
@@Phtang-phtang You know that the stock price 99,9% hype, right? Doesn't say anything about the health or future of the company.
The problem is, he's already burned 44 billion of it on the Ex-itter purchase. Literally burned.
Perhaps Elon and his friends then owned a controlling stake and planted a bomb in case the company succeeded. They didn't risk anything. But the judge just didn't want to call them scammers
He burned his own money…
It was his own money
*Not true...*
The majority of that is literally financed by banks, including Morgan Stanley and Bank of America. The remainder is mostly funded by equity.
@@kinart243 was it though? You can't possibly think he deserves to be worth hundreds of billions
There's no such thing as an ethical billionaire because to become a billionaire you have to screw over people that work for you. Those hundreds of billions should have been shared out fairly, it's not his money in the first place.
He clearly deserves a big bonus. How about if he was paid a bonus of 300 times what the lowest paid worker is getting. So that would be ... $20 * 300 per hour * 40 hours * 52 weeks hrs * 5 years = $62.4 Million. Oh, lets go with 80 hours, so 124.8 Million. Huh, not quite getting $55 billion.
I believe all Tesla's workers get share options, too.
He clearly does not deserve a bonus when you look at the state of the company right now. A good CEO would have corrected all the quality and production issues. He’s useless.
@@markcynic808options are not shares. More often than not there not worth much to the average worker that doesn’t have the capital to exercise them.
@@markcynic808They should get paid much better and if they desire they can buy which ever shares they want to buy. Fuck this meritocracy thinking.
Actually hilariously sad how the workers who keep the company running gets nothing while the HRs can get billions in bonuses. Absolute bullshit, nobody needs billions, it's just to inflate their egos.
The board of directors and vast majority of shareholders all agreed on this. The court is basically trying to tell the company how to operate internally.
Just because a board decides on something doesn't make it legal lol
It was legal. And apparently having less than 0.1% of shares also legally allows you to overturn >70% of other shareholders too.@@pisse3000
@@pisse3000 How about 80% of the shareholders? They also voted for this.
When they setup that package, the goals he needed to accomplish was thought of as impossible. However, he managed to accomplish those company goals. I don't think it was unfair. I feel he deserves that pay. It only sounds like a lot of money now because of how much he's grown the company.
He's probably going to go to prison for fraud due to all of the claims he's made over auto pilot, semi, cyber truck, and other claims that were falsely advertised.
No singular individual deserve a pay deal of that amount.
@@ChrisAlbertH47 it was stock compensation. It was nowhere near that amount when it was set. The stock price went up over time. Facepalm. Wow so many financially illiterate people complaining here. Wow!!!
He payed 11 billion taxes in 2019, no single person should pay this amount of tax @@ChrisAlbertH47
@@migo-migo9503 It's amusing that you think you're the only one here who has an understanding of how finance work. But if you think he deserves it, feel free to debate on behalf of Elol in the court of law instead of the court of public opinion.
for all those blind fools and elon haters saying tesla is a dying company, note that every quater last year tesla made over 20 billion in revenue, 80 billion in the year.. tesla was a dying company when elon dedicated a huge portion of his money and time into it. why do so many people hate on success? just because he is richer than you? more driven? more successful than you'll ever be? grow up
The stock went down when this came out. If this was "in the interest of shareholders" shouldn't the stock go up? The only people to benefit from this are the lawyers - not the shareholders, not the company, not the employees, not the board, not society. Just the lawyer. Shameful.
it went down on the earnings report not this
They've never made this amount on profits. The stock is vastly overvalued.
But thats not his problem, it's only overvalued because people are paying for it@@David-wc5zl
@@David-wc5zlI think there’s just more investors in the market and they see Tesla as valuable so obviously it’s gonna go up I value if a lot of propels put money into it and given that inflation has gone up I’d say that isn’t to bad think the major corporations want full ownership why he’s just the face of the company he just didnt want to give ownership to them by giving it to the government such as you see with all the social media companies in court cause they want to take that power and influence and tweak it to there liking of what they want people to know the“government” these moves are all funded there money behind it all cause people gotta get paid so in reality it’s the investor behind that move who’s really pulling the strings cause the government doesn’t have money thats why they want to take that power from media outlets it’s all a part of the world economic plan for a one world government not hard to see threw this bull shit if you understand money, banking and business humans want power in one way or the other don’t be misled by thinking that people wouldn’t do that cause from there point of a greater good they would when your less then a pond
poor baby. register's in a state to avoid taxes n backfires when tries to over pay self, boohoo
What an incredible hypocrite right 😂
Stfu. Musk has done more for this planet than you'll ever do
Avoid taxes? What are you talking about? There’s no cash payout here. He’d need to buy the shares he earned but at the 2018 price.
Elon anti-union pay 5 usd hour tesla workers in Mexico. South African Elon says that China has a superior democracy compared to the USA, that some Americans still believe in him is a mystery to me. The largest Tesla factory is in China, most Tesla cars are made in China as well.
The shareholders approved this by 70+%
The company value has been increased massively since 2018 and the compensation package was in shares, which he has to purchase. Look at how many CEOs companies that are failing for shareholders and yet get paid huge sums of money
You forgot to add the company has only been profitable a handful of years since its inception. And it has used the government to keep it in business
Lol nobody deserves 56billion
@@samibaozilover Exactly! that is a monumental amount of money for a single individual no matter who the hell he is.
@@samibaozilover I agree with you but the larger point is that Tesla has depended on the government via tax breaks to be profitable. For the last 20 years, Tesla has been in business they have only been profitable for 3 of those 20-plus years.
@@waynecmontgomery they paid the government money back early. Unless all the other automotive companies that the US government has had to prop up and are still struggling to compete against the Chinese
I am a share holder.This is not greed.He was given impossible goals to reach and surpassed them,No matter what anyone thinks,he will get a new pay package,Tesla's massive growth is because of him and he will be rewarded for it.
Steve Jobs did the same thing except on a smaller scale.
54 billion is greed. He wasted money on Twitter and wants to take it from another business
@@SerendipityChildthis was agreed upon before he bought twitter?
Tesla isn't even making half of what Elon is asking for so where does that money come from ? Yes the shareholders will pay for it (those with more than 1% of shares). Companies with trillion dollar assets like Apple doesn't even pay the CEO such ridicules amount (40-60 million), so its pure greed.
Elon anti-union pay 5 usd hour tesla workers in Mexico. South African Elon says that China has a superior democracy compared to the USA, that some Americans still believe in him is a mystery to me. The largest Tesla factory is in China, most Tesla cars are made in China as well.
55 billion dollars for one guy, I mean damn man enough is enough!
A deal is a deal my friend. No matter how extreme. One must keep their word.
@@beni2cc well deals are broken everyday in America and this one should have been..55 billion, that's insane stop rooting for these folks
@@winstonp.prescott3845 I'm not rooting for anybody. It's a normal thing to feel envy. Just don't voice it
@@beni2cc envy..of who musk....dude you have a lot to learn nothing about the weird ass dude I envy!
@@winstonp.prescott3845 👍🏻
Genius businessman. Leveraging one company with another.
Basically a pyramid scheme built on promises.
Shareholders voted in favour(78%)of the 'performance only' package. At the time it seemed like an impossible task. I didn't think he pull it off but I liked the idea he would really be motivated. But then he did 10X everyones money... including mine. I will be forever greatful and it has changed my life and many others. We have all benefited and he should as well. All shareholders were well aware of who was on the board when the package was made. For a Judge to decide against what the majority of shareholders had voted in favour for, so he receives nothing for performance is insane. This is totally wrong and not what was agreed to.
Read court materials ffs, they are publicly available.
since late December of last year, the price for tesla stock has dropped about $80 USD.. ouch..
Its not that important
When did judges start deciding what boards of directors can pay their CEO's? The market capitalization of Tesla is 600 billion. The guy built the company from the ground up. Maybe he is entitled to 9.3%?
'Market cap' is a standing for 'fever dream potential'
@@jidofole "Market cap-or market capitalization-refers to the total value of all a company's shares of stock. It is calculated by multiplying the price of a stock by its total number of outstanding shares. For example, a company with 20 million shares selling at $50 a share would have a market cap of $1 billion."
In the marketplace a thing is technically worth exactly what people are willing to pay for it.
No person should be paid 56 Billion from a company unless they own 100% of it 👀
what if its worth 112 billion and you own 50%
Here’s what it actually means. It is not about holding a greedy person accountable by “democracy.” It’s about a dude who owns a company who’s entitled employees and investors want the money for themselves, and don’t want to see him have it. Why not give the man what he worked for, and see how he invests it in yet another life changing company? So dumb.
Since when are any of his companies life changing? He's a marketing genius, that's all. If Tesla disappeared tomorrow it would literally have 0 impact on the world. His companies are wayy overvalued.
He doesn’t own the company, it’s a public company.
LOL, it was only a 5 Billion Dollar Pay Package (in stock) in 2018. Share Prices went up 10X since then.
Company is built on lies. Tesla hasn't delivered on auto pilot, semi, cyber truck, and all the while Elon says it'll all be ready next year.
It is just a great shame that the company does not have the resources to bring products to market within the promised specifications, timeframe and price.
Evidently Musk is incapable of steering Tesla in the right direction. He doesn’t merit a $56 billion pay package. Find a better CEO who can get the company back on track.
Yeah Go ahead and start your car company then
Are you talking about GM and Ford ?
The man tried to optimise his finances. And lost.
56b though 😂
And the state of Delware will lose the business of the richest man in the world and probably lose even more business because of the bad publicity. Why would other business people stay when things like this can happen to them? Delware probably losing the most here tbh.
Being envious would lead you to nowhere.
@@DefinitelyWaveI highly doubt it. Musk is just a big man-baby.
@@ALT-vz3jnhe owns multiple companies that influence everything
You aware everyone is poorer without Elon? Your pension goes down without Elon
The shareholders voted OVERWHELMINGLY (80%) in favour of this compensation plan in 2018, which required strict milestones to be achieved.
Why is the amount relevant? Should I go to your home and arbitrarily decide you have too much stuff and then take it from you?
If you own that stuff then maybe you should. Tesla is a publicly traded company and management should be accountable to those that have invested. If executives are using your money to line their own pockets to an extreme extent, then you most certainly have a right to take issue.
@@df3945 do you want to go look at how much money he's made Tesla shareholders since 2018? 700% return!!! He's done a tremendous job for shareholders and deserves the compensation package that was agreed upon
when we are talking BILLIONS absolutley.
@@blanchimont5587 Noooo its his money
@@blanchimont5587 just because you wouldn't know what to do with billions doesn't mean that someone else doesn't deserve it. He earned it, its his money to use how he pleases
How can a judge decide a Board approved salary package for a CEO of a company is excessive. They can pay him whatever the f they want. He's invaluable. He's one in a trillion. Imagine losing him and half of TESLA's value would be lost
It's a court of chancery, that's kind of its whole deal. And for additional justice, the shareholder that took the pay package to court is a heavy metal drummer with 9 shares.
Proof that metalheads are better than billionaire simps
"He is invaluable" LOL. He's a racist Sociopath who lies about everything.. The company has never made this in profits, while relying on tax credits and direct government support and an overpriced stock.
Don't be surprised when he starts dumping Tesla stock and does a exit. Your riding on his ability to run a business and then give him problems on pay day. I think this is the end of Tesla. Share holders are getting greedy.
He should quit and let the stock crash and take it private
The shareholders should do a class action lawsuit against the one guy with 9 shares who is harming everyone
Like this......
Shareholders will lose profits though.... Tesla/Musk earn less shareholder earn less... shareholder hurt Musk he`ll walk away thus Tesla will lose profits shareholder lose stock value... oh the cause and effect is hilarious to watch....
What was Warrens & Murdoch involvement is this ruling ??? Warren has been after Musk for years is that the smell corruption in the wind ??
why would he do that? you think he needs the money ? Very surface level thinking. Why haven't you questioned how many shares the shareholder in question actually owned before launching the lawsuit AND what the threshold should be to launch such lawsuit. Greed isn't even a bad thing, I'm glad there are greedy people, it drives their competence and desire. I am just sad at about how unjust this seems to be.
I'm not questioning his wealth, I'm questioning who is really taking from it.
you are right, shareholders should sue the moron who is destroying all that value. He owns 9 shares, he doesn't represent shareholders.@@TheMagicJIZZ
I don't understand the argument that it was "unfair to shareholders." Does this guy think that he deserves some of that money? Tesla hit all 12 milestone targets that were required for this compensation to be awarded. Doesn't that make it more valuable to shareholders? I mean, the value of the company hit a trillion bucks at one point. 55 billion seems pretty small in comparison. Based on what I've read, it actually looks like the judge didn't understand any of the arguments and was just flabbergasted by numbers, so just threw up his hands and said "You're out!"
Judge made a decision in favour of the shareholder that brought the suit. Now he says he wants to move to Texas. But if it was beneficial he would have done that a long time ago. He knows it. He’s not going anywhere. He’s gonna stay in Delaware and deal with the judgement handed to him one way or the other.
Tesla sold less than 2 million cars in 2023, but if you divide the 56 billion that Elon wants, by 2 million, Elon would be getting 23,000 USD for each car that Tesla sold, that's just stupid.
He was awarded options, not shares. And the strike price on those options was approx $350, and given the $187 current price those options are underwater.
Also, at the time it was agreed a majority of the shareholders voted for it.
So, if there was anything stupid it was the shareholders collectively in 2018.
That's not how company's work. There's a profit multiplier for stocks. So say it was 5 it would only be based on only 5.6k per vehicle
@@mhxxd4 that is absolute nonsense there is no such thing as a profit multiplier for stocks.
The total value of all the stocks is an estimate of all future profit of the company time adjusted to now.
However my comment wasn't related to stock valuation. I was comparing Elons desired salary to the revenue of the company and it just doesn't match up, it is absolute madness.
@@matthewbaynham6286 and its not a salary, its a previously agreed to performance bonus that he already earned and now its payout time.
Forget the dollar amounts for a second, but imagine you get hired as a car salesman and you agree to get paid a 5% commission at the end of the year. You sell a bunch of cars all year then at the end when its time to pay you they say "nevermind you get no commission sorry" or "5% is too much, we're now retroactively changing it to 0.5% instead"
Tesla is in decline.
Not even allowed to put food on the table anymore, Jesus!
did you just equate 50b dollars with putting food on the table? what a clown.
Can clearly tell he's taking the piss. You're the clown@@onesolopolo4194
It's called sarcasm buddy. 🙄
Your comment makes NO SENSE!!!!!LMAO
56 billion for some escape pods and cars that wont charge in cold weather and a huge grave digger....pretty much fooled a lot of people
Be careful the electric god cult members will come after you! 😂
Sounds like you've been the one fooled
@@johnsutherland7561 👈🏻Electric god cultist spotted. Find a better idol buddy 😂
They charge ok in Norway, Artic Circle etc...
Anyone I idolize is a result of well researched facts🙂@@FishandHunt
People are stupid. Elon's pay package was directly related to the returns in the stock. 800 percent return on the stock deserves a very special pay package. Elon was living on the factory floor when other CEOs would be chilling at home.
What Elon did for Tesla is akin to what Steve Jobs did for Apple.
🤣🤣🤣🤣🤣🤣
exactly. the fact that he had shares is not enough to motivate him
@@ИгорьГончаров-э6ьwhat do you think those 55 billions are you goof
Imagine if we could sues the government for their unfair wages
*Goes public with company*
"Why can't i do what i want anymore? *Confusion*
They conveniantly forget to say that it s only ONE anonym shareholder who "complain".... Against millions who clap
And that one person had 9 shares. NINE. And he claimed Musks compensation was unfair :D. He damaged the investments of millions of people. This judge does not have a right mind.
Too bad the shareholder is anonymous --- it makes it more difficult to see who is lining their pockets. I doubt a small shareholder brought this action on their own initiative.
Dolt
I miss the part where owning shares somehow disqualifies a person being a part owner of that company.
@@Easoreit is unfair, 56bn is like 3 or 4 years of Tesla's benefits, it is completely unsustainable
The shareholders voted *OVERWHELMINGLY* (80%) in favour of this compensation plan in 2018, which required strict milestones to be achieved.
Their investments have since increased in value *10 TIMES* since then as of now.
Who exactly is being mistreated ?
People everywhere.
Because yay, shareholders gain a bucket of cash.
Elongated Muskrat gains fivehundred buckets of cash.
And the employees that actually do the work?
Sorry, there's no money available for raises.
Also, all you guys who have been talking about unionizing? Sorry, but you're fired.
@@Scapestoat
So even though this lawsuit claims to protect shareholders, you just admit they make a bucket of cash, lol.
And employees have generous stock options as well, unlike other car manufacturers. Do you have any evidence Tesla employees have less satisfaction than other car companies in terms of pay or benefits?
A quick lookup on Comparably website shows 79% overall satisfied workers, with 4.1/5 for culture.
Not sure where you are getting your information.
@@Scapestoat The suit was brought by a single investor (with 9 shares), complaining they (and the other shareholders) were being negatively impacted by this.
You've just admitted you disagree with the judge's ruling, and agree with Elon with your admission: "shareholders gain a bucket of cash".
@@robb233 Yeah, no. You can't just put stupid words in my mouth like that.
The guy who sued might or might not have had a point. Nobody cares about that. (except Elon fanboys, I guess?)
What people and the law care about is justice.
And a billionaire getting an other many billions as a bonus is the opposite of both justice and equality.
But I guess you don't care for justice or equality, eh? ;)
@@Scapestoat if you honestly think the point of the lawsuit was to keep a rich man from getting richer for 'justice and equality' you have no idea what this is about.
Everybody involved, from the board to the shareholders, to the employees, to the car owners, to the environment are better off in one way or another since 2018 since the mass production of these EV vehicles.
He was going to get paid up to 1,000,000 times the average salary of a Tesla worker. There was just no justification for the enormous self-assigned bonus.
Yeah it is. If he invested the money and created this business. Meaning he created jobs. Without him, they would not have jobs. If the company goes down, he goes down. If the employees want to make 1 million dollars then tell them to Create their own company or invest in one. Anyway, why are you bothered by it?
Had no idea that self-igniting cars that burn for DAYS can make you 56 billion? And after a competitor from another continent, outperforms your sales by a third last year (though with equally bad products).
On top of this, the world will worship you for all of this “innovation”
I think he is trying to cash out before the stock price crashes. Good on the shareholder for making him go down with his ship
So what? Is that illegal? Isn't that his money?
its insider trading, if he knows its going to drop for whatever reason (or causes it himself) then he gains a large sum of money and can ruin the lives of other investors. @@captainkaizo3824
@@captainkaizo3824 with publicly traded companies, no. Share holders are investors to the company.
His company, his money. He can do what he wants with it period.
@@zedetachWell it is actually the company’s money. So it is partly his money as he is a shareholder in the company but it also partly belongs to the other shareholders
Tesla free cash flow is around 4.4B dollars. So paying 13 years of company free cash flow to its CEO for 6 years of his service is KINDA steep.
But Elon Musk is so detached from reality that it doesnt surprise me.
Just as a reference - 58B almost a market cap of BMW at 61B dollars. I know that ppl cant handle big numbers. So - do you think BMW (entire company) is fair payment for his 6 years of service?
Tesla in texas yes!
Yes from a dude that do not like EVs and that is not a tesla shareholder.
Move in Texas NOW!
Why do you not like EVs, exactly?
We got one recently, and it refuels from our rooftop solar. It's great!
It also has *way* more VROOM VROOM compared to a fuel car. Like, it is insane! On the sporty mode, you get pushed back into your seat.
@@Scapestoat by presenti only the positive points yeah, speccialy if you are all in EV!
In reality you must wait a lot to get it fueled, so you have a lot of time, so rich, so not in touch of the reality of the most that, have no money for solar or EVs!
You are living in a bubble that is mainly driven by tv, and tv is selling lies to make a division in society basef of lies, wrong info and nice looking things.
I will not write you down much more because my posts are mainly delete by the system to support your propaganda.
Just to be clear, diesel is not responsable for pollution at the and more then all the ev industry.
If you get the final product that looks like not polluting it pollited all the way up to you and down after you will trash it.
Tofay is estimated that 2 billion solar pannes yearly will be trashed and there are no plants or strategirs.
As was and is for wind ...
Keep living in your dreams barbie world people ;-
@@old-gamer-01 What do you mean "all in on EVs"?
It is the first EV we've ever owned, and the rest were all fuel cars.
If anything, that means "mostly all in on fuel cars."
I was expecting an actual conversation. I asked you a genuine question.
But instead I got your grumpy rant.
So fine. I'll respond to your grump with facts!
Sure, if I recharge with "whatever my inverter has left over" in the middle of winter, it can take "forever". That is the point. It recharges at no cost, while it is parked.
On a very muggy day, that is. On a sunny day, it'll fill up quick.
But what is "quick"? I hear you ask in your brain.
This is: if I somehow emptied it because I just drove 550KM and I need to leave again immediately, then it would take 20 to 25 minutes. Which is a far cry from "forever".
You're the kind of guy who thinks that solar panels take more energy to make than they generate in a life-time, aren't you?
The most common solar panel types use no (yes, NONE!) or trace amounts of rare earth materials. As such they can be, and are, recycled.
The claim that there is no plan for recycling them, when they are actively being recycled with some really basic recycling technologies makes me wonder if you have read up on anything at all in the last 30 years.
Maybe pick up a book sometimes? Or read some science papers online.
And how can I be brainwashed by TV, if I don't watch TV? Duhhh~
I expected a nice conversation, and some insights, and instead I got your grump.
Tsk.
56 billion is a grotesque amount no matter how u look at, even in an era where grotesque amounts of compensation for top executives is the norm. He has the choice to take Tesla private (if he can) and then he can do what likes.
Yet oil CEO`s get to keep there`s.... Rex W. Tillerson Exxon Mobil Corp
$28,138,329 Income $2,717,000 Salary
Tesla asserted in an SEC filing in August 2021 that Musk’s salary for 2020 dropped to zero, down from $23,760 in 2019 and $56,380 in 2018. “However, he has never accepted his salary,” t
As shareholders we don't want it private and want Elon to have huge incentives to meet huge milestones
@@johnsutherland6022 I get where U are coming from but I have to ask. How huge is huge enough? What is the difference between 1bllion and 56 for any individual. I say not much but some of that 56 billion distributed to the employees can change the lives of literally thousands of people.
Elon anti-union pay 5 usd hour tesla workers in Mexico. South African Elon says that China has a superior democracy compared to the USA, that some Americans still believe in him is a mystery to me. The largest Tesla factory is in China, most Tesla cars are made in China as well.
The deal was that he had INSANE, nearly impossible milestones to achieve for the company. Which he did. Delaware judge has zero power to do this, what is too much? is $100k too much? who decides that, its nowhere in the law?!
Seemingly the judge did have the power to do this.
When the judge deems it too much it's compared to market standards (compensation for other CEO's).
And an independent board of directors ought to decide. The judge ruled the board of Musk's associates was not independent when they approved the pay plan Musk himself penned down.
There's a lot of numbers between 100k and 55B, seems like you are making a fallacious argument there. I don't think you understand how much money that is. That is equivalent to the market capitalization of BMW. Imagine receiving BMW as a payment for reaching... what milestones exactly? Not even 5% of the number of cars Toyota sold in that time?
Shareholders voted and now the judge wants to interfere. Shareholders understood exactly what they we voting for. Someone with 9 tesla shares shouldn't be able to override that decision. Sell your shares and leave. Remember no one outside of the shareholders thought he would 10X the company.
Apparently, the main shareholders then were Musk and his friends, they simply decided to receive a bonus if the company was successful. The judge just didn't want to call it fraud.
it wasn't just one shareholder
Overvalued stock price is not reality. Holy moly, these MuskCult folks are as delusional as a Communist.
This is why Musk has recommended to stay private if at all possible. Current shareholder supremacy is a horrible structure. This man would put that $56bn straight back to work, as he has always done. I hope this loser that blocked the payment is proud of himself.
Calling the guy who won a court case the loser is strange af. The only loser here is Musk
@@pretzelboi64 not understanding how the word loser can apply to this fw in full context of the post is backwards af
@@stopdropnroll One man stopping the richest man in the world from making more money will never be a loser no matter the context. He's the most based Chad in human history
@@pretzelboi64 that's just silly. Have you seen what he says about money and how little he has come to care about his own wealth. You are welcome to your opinion but in mine Musk is one of the most important people in history. I'm open to be proven wrong but good luck with that.
@@stopdropnroll Your opinion, or mine, doesn't matter when Musk is already seen as a massive clown by Gen Z and Alpha. He's just another out of touch boomer going senile as shown by his tweets
Poor guy! The judge must’ve passed the deal …
I really feel sorry for him, he and his friends tried so hard in 2018 when they were drawing up payment terms
Imagine hating on Elon
It's ok to give that amount to Ukraine
It’s his company. It’s like having full rights over your privately owned IP and having your income blocked because someone is interfering with your operations.
It’s a publicly traded company, not his company.
Google shareholder - it might help.
wealth inequality in the world is just insane.
Just make another Tesla and SpaceX. How hard can it be? Mister wealth inequality? Give me more for nothing in return.
@@belegitt6813 em? testa has been sponsored by us gov since the very beginning
@heartborne123 lol, no, it was not.
@@heartborne123every big car company in history has had government loans, Tesla is the only one to have paid back early with interest, it was a worth while investment for the tax payer.
It’s not unfair to the shareholders, it’s unfair to the hard working people who have made Tesla such a successful brand and catalog of products. When I visited the factory in Fremont, California, several years ago, there were dozens of people almost literally working shoulder to shoulder/elbow to elbow in overcrowded open space offices. The uncomfortable and distracting working environment these professionals were operating in at the time hardly looked like it was a cutting edge and respectful place to work, but apparently those professionals persevered and made the company what it is today.
oh yeah? and one of them was possibly Elon. Who worked his ass off for 5 years. 70% of shareholders agreed to this package, and the stock has gone up more than 10 fold since. The government stopping an agreement between private parties has to be unconstitutional.
@@uhgall Elon Musk also relied upon very beneficial government loans to get Tesla up and running, plus other financial from benefits from state and local governments, so yes, the government most certainly should have a role in this sort of litigation.
I don’t mean to hurt anyone’s feelings, but you Elon fans, who continue to believe in the myth of the self-made man, are some of the silliest people currently living on Earth, maybe even in the entire universe. Elon’s only real talent is his lack of adversity to taking calculated risks, and very unfortunately, he has become a person who believes in his own mythological status as a celebrity inventor and business person. Those who claim that he’s a modern day Thomas Edison clearly have little to no clue what kind of man Thomas Edison was.
So far, Elon Musk has not invented any of the technologies his companies bring to the market place. He only uses the capital, some of it his, some of it from shareholders and some of it from the U.S. government (in other words some of the capital at his disposal is money we pay in taxes), to pay other people to invent and build new technologies or develop technologies invented by others.
So it's unfair he went from employing a few tens of thousands of workers to nearly 150,000? Creating jobs is a bad thing now?
Phillip.
And many are millionaires because Tesla gives stock options to all employees
@@philliptemple9841 You people clearly have no idea how large businesses really work. Elon Musks businesses could not grow and be successful unless thousands of qualified, hard working, people had decided to sell their time, skills and expertise to Elon Musk’s companies. Elon Musk didn’t create any jobs, the people working for him did by making his businesses successful and profitable, so have the American tax payers by providing favorable conditions in which investors like Elon, who often have more capital than they know what to do with, to use said capital to hire the people with the right skills which are required for making the businesses profitable.
At this point, the biggest role an an executive level professional like Elon Musk has is to not get in the way of their own employees’ initiative, creativity and productivity. Elon’s pitiful shenanigans as the head of X/Twitter are a perfect example of how a business person like him should not behave and also proves that Elon Musk is in no way a genius industrialist.
So if they stop the payment, why doesnt the judge tell us what the limit is? Is it 20Billion? 30 billion?
It’s not a payment, it’s a clause where Elon can by x amount of shares at x price of which he can’t then sell for 5 years there after.
The shareholders of tesla remember to vote "Yes pay Elon"!
contracts need to be served ... if contractually agreed it should obviously be paid ... incredible that it can be questioned and judged upon ...
This means you don't understand how publicly traded corps work. The suit was brought by shareholders = owners.
It was voted for and approved by shareholders. The one bringing the law suit had 9 shares. This is just a frontman for a company that’s looking to short the stock. They are ones who will profit from this, not the shareholders if this causes the stock to tank
@@jayabee This means you can't tell preferred stock from livestock.
So you don't know how the whole shareholders deal works then? Got you 😂
This older gentleman either has an agenda or doesn’t know what he’s talking about. The accuser is a single shareholder owning just 9 shares. Meanwhile the remaining hundreds of millions of shares and their shareholders voted yes on this package. Let that sink in.
How much profit has Tesla had ever? How should thet compare to the CEO's financial compensation? Also, has it served to keep Elon more or less interested in Tesla?
Tesla's profits fell 40% last quarter compared to the final period of 2022. Made 15BN in profits last year and he wanted 60
Tesla's profits fell 40% last quarter compared to the final period of 2022. Made 15BN in profits last year and he wanted 60
Tesla's profits fell 40% last quarter compared to the final period of 2022. Made 15BN in profits last year and he wanted 60
@@alanarmstrong6460 Stock value is nearly 10x since the filing date of 2018. Next.
@@alanarmstrong6460 you need to study more.They made record profits Q4
The people whos currently throwing hate in Elon's direction i wonder how much that has to do with his political stances rather then the fact that hes a billionaire. Before he got a bit edgy on twitter people on the left generally sung his praises in his efforts to create to make Tesla a success.
And yet we've sent 60 billion to Ukraine......
OMFG! Dude don't know what a "Delaware Corporation" is and he's a "genius"!?
That's one pissed Yappy
no he doesn’t deserve $55 billion.
how about $25 billion and reinvest the other $30 billion into Tesla’s greatest resource, its workers! Give them a good COLA raise or just a pay increase!
THIS CEO trend of outrageous pay packages is way, way out of hand!!!!
Do u know the terms? He had to meet goals that no other company has done ever. If he didn't he would not get a single penny. He does not get a salary or anything. Would you work for ten years for free? Oh and he invested all his money into tesla when was the last time you paid 200 million to get a job?
@@timg2973 That pay package would be most of Tesla's Net Profits from the time it was founded to now.
Tesla had a net profit of 18 Billion last year, and Elon wants to be paid more than what the company made?
They get stock options many millionaires created
Thwy make good money my sister workes there no education and makes $160k a year. So sit down...
@@timg2973 BTW, Tesla picks up the tab for a lot of Elon's expenses. So he does get "paid" in a backdoor way.
This is weird
55 billion is elon stealing from the company.
But he created more than 10 times that
I mean he's not just a CEO, he's also the founder and major shareholder. Overall he's worked his ass off and it's his company.
If you own less than 0.01% of the shares. You really shouldn't be even allowed to sue.
So, if he failed will this argument ever hold?
Give him what you agree with for him to burn his life to produce results.
If you have never built something you can not understand what it takes to do what he does on a regular.
im not sure id give him 56bn when hes leaving major corporate decisions up to a twitter poll.
What a blow against democracy.
He never has had a 56 billion dollar pay deal. He has a bunch of options to buy stock over a long period of time. At the time that deal was done, almost every financial analyst in the world was giving TESLA no chance of survival. Musk not only put every penny he had into the company, he was not drawing a salary, he is still not drawing a salary. Even he thought Tesla and SpaceX had less then a 50% chance of survival. So after he works all these years, 24/7 to build a great successful company, some schmuck with 9 shares does not think his compenstation is fair..That him cashing in on the options is not fair. Come on, this is a left wing political hit job.
Why is the amount of anyone’s business? Selling what you own is a right, no?
Not in bidens america, theyll happily steal and give everything you have to china
How can a judge determine what is an appropriate amount a CEO should get paid? Tesla wouldn't be where they are without Elon.
Where`s the judgements on OIL CEO`S... ?? spot the corruption....
They are just jelly
Why would anyone work in Tesla? You make the world best car but gets paid peanuts while your boss hoards everything.
Except he's made millionaires out of Tesla employees
Whereas ford and GM workers aren't even given stock due to the UAW union
All Tesla employees receive stock options. Many millionaires created
Elon anti-union pay 5 usd hour tesla workers in Mexico. South African Elon says that China has a superior democracy compared to the USA, that some Americans still believe in him is a mystery to me. The largest Tesla factory is in China, most Tesla cars are made in China as well.
i bet the same judge thinks building a spaceship and going to Mars is "unfathomable" but you can bet that that's what that moneys going towards! 😆
It annoys me that this clip doesn't point out that the reason the amount is so high is that the compensation was in stock not cash and that it was tied directly to the value of Tesla shares. Few people believed he would be able to increase the share value so much so quickly and a lot of people invest in Tesla because they believe in musk's ability to grow companies far more than the underlying company itself.
It's absurd that a judge would overturn a shareholder decision. If it had just been a board of directors decision then fine, but this was very clearly voted on by the shareholders and the outcome was extremely clear. If this was an election the result would be considered a landslide and the judge nullified it because someone that only got a handful of votes threw a temper tantrum.
This whole post is a gov psyops. You notice all the comments are bots. Biden is doing everything he can to destroy elon because he won't unionise his companies. It is sad how ceos can dilute shares and issue debt and get millions in bonuses but elon actually increases shareholder value and gets attacked.