Tesla Board Recommends Record $1 Trillion Package for Musk
Reuters2025-09-05
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Completely nuts. Shareholders being taken for a literal FSD ride and yet they excitedly push Tesla share price higher. This is like thanking the robber for taking their money and then even giving them the ATM code of their bank cards to steal even more.
It seems fair as there are conditions attached: \"Bottom line, if all 12 award tranches are met, the compensation would reflect roughly 10% of the growth targets - that seems reasonable. It's the fact that we have never seen any earn a $1 trillion before that is causing markets to pay attention.\"
His $56 billion dollar pay package was rejected already. So why do people think a $1 trillion one will fly? The same reasons that caused the earlier rejection still exist. Both people who "negotiated" the package are too closely linked to Elon and got substantially rich by being on the Board of Directors (sed court statement of Robyn Denholm). It has no clause in it that forces Elon to work exclusively for Tesla. He is already a substantial owner of Tesla with 13% of all outstanding shares, so there's no requirement to incentivize him further with the promise of more shares.
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