Tesla Shareholders vote on Musk's $56 Billion pay package Thursday June 13 2024

If you owned Tesla shares how would you vote on Musk's pay package?

  • Total voters
    13
jjc2009 said:
I voted yes just to watch certain people’s heads explode
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I never held a position in that over-hyped, over-inflated, over-valued bubble of a stock.

If you own that stock you are about to get ass raped if his gutting of the capital goes through.

Enjoy.
 
The OP hates the fact that rich folks buy his products that promote clean energy and he's making billions of dollars.

How is this hurting the poor?
 
Dolemite censored said:
That's some package. Musk's original payout of $56 Billion was voided by a Delaware Chancery Court Judge on the grounds that it was unfair to other shareholders and that the Board awarding the payout was too subservient to Musk.

Now, Tesla shareholders have been asked to vote to approve the payout. Some major Tesla investors oppose the payout as excessive, not in the company's best interests, that it would dilute shareholder value, that due to less than favorable market conditions it would be a significant drain on capital, that Musk is not fully focused on Tesla's challenges.

Many shareholders support the payout, saying Musk has delivered on the goals set out in the original incentive plan, and denial of the payout would cause Musk to lose interest in Tesla in favor of his other businesses.

I don't own Tesla stock. If I did, I would vote no. I think the payout is excessive. Musk is now a part-time CEO, has subordinated his focus on Tesla's business in favor of X (Twitter), has lured experienced Tesla engineers to SpaceX and Nueralink. Musk has also threatened to sever AI development from Tesla. Tesla is also missing its target deliveries and the stock price has fallen from a high of $299 to the current $173, a loss of 43%. Musk is spread too thin and not laser focused on Tesla's business at this time.

Tesla should get a payout of some amount, but not $56 Billion.

What do you think? How would you vote?
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You're pissed.....
 
Dolemite censored said:
I never held a position in that over-hyped, over-inflated, over-valued bubble of a stock.

If you own that stock you are about to get ass raped if his gutting of the capital goes through.

Enjoy.
Click to expand...
I don’t own shares in Tesla. Don’t care.
 
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Fire Musk
Hire some guy like Jim Farley, the CEO from Ford
Go Bankrupt.

How Is That Possible Democratic Party GIF by Kamala Harris
 
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