this post was submitted on 04 Nov 2025
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[–] lechekaflan@lemmy.world 3 points 1 hour ago

Goddamn. It would be like rehabbing Quisling if they gave that fucking weasel what he wants.

[–] KingThrillgore@lemmy.ml 7 points 4 hours ago

HOW IS HE WORTH A TRILLION DOLLARS

[–] Kolanaki@pawb.social 37 points 12 hours ago (2 children)

Could the megawealth fund float me a couble billion dollars? Here are my qualifications and reasoning:

I'm not Elon Musk.

I'm cool with a few million. I'll even give it back in 10 years or so.

[–] username123@sh.itjust.works 5 points 11 hours ago

Solid reasoning tbh

[–] nao@sh.itjust.works 53 points 13 hours ago (3 children)

Tesla has sold 7 million and something cars in total according to google. If each of those was 100k, that would still be less than a trillion in total. How could one guy get paid more than the whole company ever made?

[–] FreedomAdvocate@lemmy.net.au 7 points 8 hours ago (1 children)

How could one guy get paid more than the whole company ever made?

Because that $1trillion pay packet is contingent on the value of Tesla going to like $5tril, which would make it the biggest company in the history of the world. It would make every shareholder insanely rich.

[–] mcv@lemmy.zip 3 points 3 hours ago

But that's all bubble. Tesla isn't selling even enough cars to justify its current valuation, and sales are slowing down. The current valuation of Tesla is based entirely on hype, and has been for years. For ever, really, but in the early years it could be justified because it was the fastest growing car company ever, and EVs were new and hot. Now everybody is building EVs, and more than Tesla.

[–] ripcord@lemmy.world 21 points 11 hours ago (2 children)

This is supposed to be paid out over time based on future performance milestones. Also based on projected increased value of shares as a result.

Still insanely, insanely high though.

[–] peetabix@sh.itjust.works 1 points 1 hour ago

Based on his performance or Telsa workers performance?

[–] FreedomAdvocate@lemmy.net.au 0 points 8 hours ago (1 children)

Still insanely, insanely high though.

But undeniably worth it if you're a tesla shareholder.

It's like your financial adviser saying "I'll make you a billionaire in 5 years, and if I do your bill will be $1mil. If I don't, don't pay me anything, and you've lost nothing" - why would anyone have an issue with that?

[–] bookmeat@lemmynsfw.com 7 points 8 hours ago

Because it's an incentive to make money, not an incentive to be a good corporation making good products and services.

[–] WanderingThoughts@europe.pub 18 points 13 hours ago (2 children)

In the market these days, it's not what you're making now but the future potential of what you might make in the future. And Musk is an expert in dreaming big and make other people believe it.

[–] CptOblivius@lemmy.world 10 points 12 hours ago (3 children)

Ya most of his shit is stupid though. The cyber truck, terra forming mars with nukes, the hyperlopp, etc. The Tesla dream was there before him. I just don't get it....

[–] fishy@lemmy.today 9 points 11 hours ago (1 children)

Because it's nonsense. We're a decade past the promised rollout of full self driving, the hyperloop is a failure, the cybertruck is a flop, China makes EVs significantly better and cheaper than Tesla. The batteries they're selling are looking more and more likely to get leapfrogged by solid state batteries too. Half the world refuses to touch anything his companies produce.

Tesla stock should be in the shitter, but results don't matter anymore.

[–] Tollana1234567@lemmy.today 1 points 1 hour ago

the hyperloop was an actual scam to stop claifornias fast rail system from being developed, long enough for elaine chao to block its funding.

[–] BurgerBaron@piefed.social 2 points 8 hours ago

Ya most of his shit is stupid though

It appears to me that your average human isn't particularly smart so this hasn't been to his detriment yet.

[–] vin@lemmynsfw.com 5 points 10 hours ago

Hyperloop was Musk's tactic to distract from and destroy sensible public transportation. Tesla didn't work on it or plan for it.

[–] FreedomAdvocate@lemmy.net.au -1 points 8 hours ago (1 children)

And Musk is an expert in dreaming big and make other people believe it.

And has a near flawless record in achieving those dreams, making the people who believed in it filthy rich.

This pay packet is, like his last one, a "bet big on me and I'll make you all insanely rich, or I get nothing" bet. It makes no sense why anyone would say no to it.

[–] AngryCommieKender@lemmy.world 4 points 7 hours ago

He hasn't achieved those dreams at all with Tesla, or any other company that he actually runs. Over a million unsold cybertrucks. No actual autopilot that works. The cybertruck is 17 times more flammable than a Ford Pinto.

Elon Musk is an average intelligence fascist scam artist that happened to have a golden spoon in his mouth from day one.

[–] Cruxifux@feddit.nl 81 points 17 hours ago (2 children)

But he needs 1 trillion dollars for his robot army so he can retain control of his robot army so nobody else can have control of his robot army so he alone can rule the entire world with his robot army.

Dude is a literal supervillain.

[–] thejml@sh.itjust.works 17 points 16 hours ago (1 children)

I'm just waiting for Musk to get his robots to learn how to feed off biomass and complete his transition to Ted Faro.

[–] luciferofastora@feddit.org 3 points 14 hours ago

Reading this while waiting for HFW to load is an eerie coincidence. I very much would prefer to enjoy the post-apocalyptic world from behind the safety of the fourth wall.

[–] MangoCats@feddit.it 6 points 14 hours ago

He needs an excuse to rage quit.

[–] Quacksalber@sh.itjust.works 96 points 18 hours ago (3 children)

Piss baby Musk should take his final breath under a bridge with nothing to his name. That would be fair.

[–] stoy@lemmy.zip 23 points 15 hours ago* (last edited 15 hours ago) (2 children)

What would be fair would be if he as he is sitting on the ground a Cybertruck in summon mode careened off the road pinning him against the building not killing him instantly but slowly while the radio in the car is playing a comedy show where he and his companies are the punchlines. The last thing he hears is his legacy being laughed at as a joke

[–] Tollana1234567@lemmy.today 2 points 1 hour ago

musk doesnt trust his own teslas, he would never get in one or near one that isnt heavily modified.

I’d like to see his EGO want to be the first man to set foot on Mars.

I wouldn’t be upset if something went catastrophically wrong.

[–] GuyLivingHere@lemmy.ca 3 points 16 hours ago

And then the bridge should fall on him.

[–] tal@lemmy.today 53 points 18 hours ago* (last edited 18 hours ago) (4 children)

From what I have read, he's still likely to be able to line up enough votes to get his $1 trillion pay package (and the associated voting rights), despite a lot of major institutional investors being in opposition. But we'll see when the vote goes though.

I think that Tesla can probably get a more-effective CEO for less money, personally. Even if he leaves as CEO, he still owns 15% of Tesla and is fabulously wealthy as a result. I don't feel like he's getting a bad deal.

I do think that there are some arguments that the SEC should pass some regulation to help ensure board-CEO independence; part of the issue is that the board, which is supposed to oversee Musk, has been considered to be acting on his behalf by quite a few people. I don't think that it will happen under the present administration, though.

[–] Lemmyoutofhere@lemmy.ca 19 points 14 hours ago (1 children)

Slime mould would be a better CEO.

[–] angrystego@lemmy.world 2 points 2 hours ago

Slime mould is pretty cool in general!

[–] Bronzebeard@lemmy.zip 28 points 16 hours ago (1 children)

He wants the bragging rights. It's just a game at these numbers

[–] neukenindekeuken@sh.itjust.works 8 points 12 hours ago

1 Trillion % this.

[–] FreedomAdvocate@lemmy.net.au -2 points 8 hours ago (1 children)

I think that Tesla can probably get a more-effective CEO for less money, personally.

Musk takes $0 pay as CEO other than these post-performance-goal-hit pay packets though. Good luck finding another CEO who will work for free for 5+ years.

[–] CileTheSane@lemmy.ca 1 points 2 hours ago

I'll happily do it for $1 million a year and do a hell of a lot better than musk. Considering the difference between $1 trillion and $1 million is pretty much $1 trillion I'm basically working for free.

[–] someguy3@lemmy.world 5 points 17 hours ago* (last edited 10 hours ago)

Effective yes, but uh what's the wording image-that-props-up-crazy-valuation no.

[–] SaveTheTuaHawk@lemmy.ca 15 points 17 hours ago (3 children)

This is moot. Musk has never met a milestone once, and if he doesn't meet milestones, he gets jack shit.

[–] patrick@lemmy.bestiver.se 16 points 16 hours ago (1 children)

The reason his last pay package of 50 billion was awarded to him is because he met the milestones for that. It was a similar deal to this one where they set top end milestones that everyone felt were ridiculous and they’d never hit them. Mostly stock targets IIRC.

[–] SaveTheTuaHawk@lemmy.ca 1 points 15 hours ago (2 children)

Those were lowball milestones. He actually has to generate real money this time.

[–] patrick@lemmy.bestiver.se 6 points 12 hours ago

Quit rewriting history, those were absolutely not lowball milestones.

If Mr. Musk were somehow to increase the value of Tesla to $650 billion — a figure many experts would contend is laughably impossible and would make Tesla one of the five largest companies in the United States, based on current valuations — his stock award could be worth as much as $55 billion

That is a quote from this contemporary article: https://www.cnbc.com/2018/01/23/teslas-pay-deal-to-keep-elon-musk-all-or-nothing.html

[–] FreedomAdvocate@lemmy.net.au 1 points 8 hours ago

They were absurd milestones at the time, which nobody thought he could hit in his wildest dreams.

[–] FreedomAdvocate@lemmy.net.au -1 points 8 hours ago

Musk has never met a milestone once

Apart from all the ones that he has, like his last mega paypacket at tesla, you mean?