Elon Musk demands another huge payday from Tesla
Source: CNN
Elon Musk says he wants a significantly larger stake in Tesla than the one that already made him the richest person on the planet.
In a series of posts on X Monday night, Musk said that he would not want to grow Tesla to become a leader in artificial intelligence and robotics without a compensation plan that would give him ownership of around 25% of the companys stock. That would be about double the roughly 13% stake he currently owns.
I am uncomfortable growing Tesla to be a leader in AI & robotics without having ~25% voting control. Enough to be influential, but not so much that I cant be overturned, Musk wrote in a post on X. Unless that is the case, I would prefer to build products outside of Tesla.
Notably, Musk held a stake of more than 20% in Tesla before he sold a large number of shares to buy X, the social media company he purchased over a year ago for $44 billion.
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Read more: https://www.cnn.com/2024/01/16/tech/elon-musk-tesla-pay-package/index.html
CurtEastPoint
(18,681 posts)Aviation Pro
(12,240 posts)You, your cars, your rockets, your megaphone all suck.
Again, you suck.
OnlinePoker
(5,729 posts)Aviation Pro
(12,240 posts).....
OnlinePoker
(5,729 posts)Of the falcon 9 family (including the heavy), they've have launched 299 rockets with 297 being successful. They have successfully landed 264 of 275 boosters, resulting in 264 less pieces of junk in the ocean, unlike virtually every other rocket company out there. Hate the man if you want, but SpaceX rockets are outstanding and, with future iterations, hopefully Starship will follow suit.
2naSalit
(86,935 posts)Fucking Ego the ratfucker.
I hope his drugs get him soon.
JohnnyRingo
(18,692 posts)2.1 million EVs were sold here last year. Nearly 1.8 million of those were Teslas.
It's difficult to fault his guidance in the company. (I don't like him either, but this is about business.)
groundloop
(11,533 posts)I'm more inclined to think Tesla just happened to be in the right place at the right time.
GhostHunter22
(95 posts)
and who does the talking.
He could have done very well with Twitter if he actually wanted it to be a money-making enterprise.
JohnnyRingo
(18,692 posts)He just happened to be nearby with a pocket full of cash. He made an offer they couldn't refuse. Space X is probably where his true heart lies.
I think Twitter was just a dick move, spawned by a desire to get even and executed because he could. After he's done burning it to the ground he'll have a fire sale and walk away.
denypax
(11 posts)Because he cant make ends meet.
PortTack
(32,820 posts)Turns out the charging stations and the cars charging mechanisms dont work in the cold.
No thx
not now not ever!
moniss
(4,274 posts)losses from his boondoggle.
LudwigPastorius
(9,257 posts)For doing what, exactly?
...fucking off on that Nazi-circle-jerk social media site he overpaid for?
I really wish Tesla's board would tell him to eat some shit. The company doesn't need his "aura" to be sell cars anymore.
FDRFTW
(37 posts)The guy was necessary when he was the money, but now hes just a mouthpiece.
Historic NY
(37,461 posts)didn't THINK about the proper tires.