Elon says TESLA shareholders re-approved his pay package!!

[jerhenderson]

Whats this mission statement you speak of? Making money and putting lipstick on old products?

Accelerating the transition....blah blah blah....

 

[Crissa]

This is good news for TESLA and TSLA stockholders.

Hopefully we can get back to building GREAT cars and trucks and innovating new technology. You go, Elon.

Elon Musk says Tesla shareholders re-approved his pay package worth billions that a judge struck down

EDIT: The company says this is NOT the final word, just Elon's take on the voting so far. Expect the final announcement today during or right after the shareholders' meeting.

This is bad news.

He's been screwing up the company and cutting production and expansion and without the threat over his head, he doesn't have to change his actions.

He really needs a wakeup call that he's effing up.

-Crissa

 

[BannedByTMC]

What is wrong with Elon stating the obvious cultural shift taking place in our country? The world is mad, and the war mongering politicians, corrupt media, and communist sheep like this profile here are how this country goes up in flames. Elon not joining the club, buying Twitter and allowing speech against their manufactured narratives was something they didn't expect.

You're as insane as Elon has become. The "cultural shift" in the country is that most people don't agree with Elon's radical shift and his pretend "free speech" narrative, which is most obviously not. As for me I've been supporting the company and defending Elon longer than most people on the planet.

 

[tres_comas]

 

[HaulingAss]

I voted against hoping he'd throw a tantrum and leave so we could have a real company focused CEO who wasn't intent on destroying brand value.

You really don't have a clue what makes Tesla great. Yes, they have a lot of very talented people working there, but employees always need to be given the proper direction for any company to succeed. Tesla succeeded against all odds, not in spite of Musk, but because of him.

 

[HaulingAss]

Good managers don't turn off the customer base. Good managers don't threaten to start competing companies. Good managers don't ignore the company for so long that they have to suddenly fire entire departments, (and then try to hire some of them back).
FSD is laughably years behind where it was projected and is no where near robotaxi level, contrary to what Elon may sey.
Nothing new is happening with the company that wasn't in the works over 2 years ago.

Look, you lost the vote, you didn't even come close to having a majority on your side, just give it up. Tesla shareholders tend to be smarter than your average person.

The dumbest thing ever is investing in a company with a CEO you think is a loser. I'm invested because of Elon, not inspite of him, and I've been handsomely rewarded already. The next phase of growth based upon energy storage, AI and robotics is going to blow a lot of people's minds. Always stick with the winners of the world, losers are a dime a dozen.

 

[HaulingAss]

TSLA stock has been in decline since July of '23 so almost a full year of lower highs/lower lows. I'd have a lot of questions if i were a tsla shareholder. I am in the market to make money. Im not married to any of them. YTD tesla is -28% vs S&P at +15%. Far worse performance in Mag 7

I'll give you the benefit of the doubt and just assume you are not a seasoned investor who knows how these things work.

You cannot meaningfully judge a CEO's performance by the stock price over a short timespan. Greedy momentum investors will run shares up beyond it's inherent value and that may or may not result in a long decline, a sharp decline, a stagnation, or slower future growth. There is no way to predict investor behavior.

The relevant thing here is that Elon doesn't control the stock price, investors do. And it's still a lot higher than it was 6 years ago when the performance-based compensation was awarded (by over 10X). Forget about the high returns when investors ran the price up over $400/share and simply compare the overall returns to the performance of other automakers over the same timeframe.

Tesla has steadily ramped production capacity higher, introduced new models, last year the Model Y was the best-selling car in the world, and it's on track to be the best-selling car in the world this year too. The Cybertruck, a brainstorm of Elon himself, is turning out to be a leading-edge truck, and is steadily ramping to higher volumes each quarter. Energy storage sales are growing at breakneck pace, with strong margins, on pace to potentially eclipse the auto business in both revenues and earnings. We have a number of early Optimus robots already doing real work on a trial basis at the battery factory. FSD is improving at record pace and it's clearly on a path to large scale commecialization that could dwarf the profits from auto sales. Warranty expenses of cars sold years ago continues to decline due to increases in reliability and manufacturing improvements, Tesla has very low warranty expenses, compared to legacy auto makers. For the first time ever, the "Services and other" category of the financials (including Supercharging, Parts and Service, and Merchanise sales) has become profitable (thanks to Elon's steady focus on capital efficiency).

Tesla is rapidly growing and strengthening on many fronts, so I can only assume blaming Elon for the stock price is due to being an inexperienced or naive investor. You will have higher returns if you stop focussing on the short-term share price and look at what's actually happening within the company instead. A longer-term view can supercharge your long-term investment returns.

 

[scottf200]

This is good news for TESLA and TSLA stockholders.

Hopefully we can get back to building GREAT cars and trucks and innovating new technology. You go, Elon.

Elon Musk says Tesla shareholders re-approved his pay package worth billions that a judge struck down

EDIT: The company says this is NOT the final word, just Elon's take on the voting so far. Expect the final announcement today during or right after the shareholders' meeting.

 

[HaulingAss]

What an ignorant and arrogant drivel. Not everyone has a multi year time horizon.

Anyone buying into the stock market for less than a multi-year time horizon is not an investor, they are a speculator, a gambler. Why would you invest in a company like Tesla if you only had a short-term time horizon?

I provided an overview of the company's performance, not a deep dive. If you want to get into some details, Tesla, even after an 11 month valuation decline is more richly valued than VW, GM, Ford, Toyota, and Hyundai combined trading at a forward P/E of 69. Toyota, GM, Ford trade at 13, 6, 5. Its valuation is also higher than the tech companies Elon wants to be compared to.

It looks like you have been confused into thinking Tesla is primarily a car company. Again, why would anyone with such a short time horizon buy into a car company that had such a high p/e?

Robotics experts do not yet see a use case for optimus. Its a fragile humanoid that cant do much outside of carefully crafted glitzy videos doing basic tasks. That tech is years away but is used to inflate tesla valuation today. How many years will fsd or robotaxi take to complete and get government approval?

Look, if you don't think Tesla is a great investment, then don't invest. I was pushing back on your implication that Elon is bad for the growth of the company. The truth is that Elon is what drives Tesla to succeed. If you don't believe that, why are you investing?

Let's compare returns in 5 years. Oh, that's right, you are a short-term gambler. I don't know why I'm even having this silly discussion.

 

[Roger@CYBERTRUCKco]

Elon is a genius. He is so far beyond any other auto CEO… He deserves every penny of that deal.

 

[jerhenderson]

What an ignorant and arrogant drivel. Not everyone has a multi year time horizon.

I provided an overview of the company's performance, not a deep dive. If you want to get into some details, Tesla, even after an 11 month valuation decline is more richly valued than VW, GM, Ford, Toyota, and Hyundai combined trading at a forward P/E of 69. Toyota, GM, Ford trade at 13, 6, 5. Its valuation is also higher than the tech companies Elon wants to be compared to.

Robotics experts do not yet see a use case for optimus. Its a fragile humanoid that cant do much outside of carefully crafted glitzy videos doing basic tasks. That tech is years away but is used to inflate tesla valuation today. How many years will fsd or robotaxi take to complete and get government approval?

If you can't invest multi year, don't.

Robotics experts? Lol.

 

[jerhenderson]

Good managers don't turn off the customer base. Good managers don't threaten to start competing companies. Good managers don't ignore the company for so long that they have to suddenly fire enti then try to hire some of them back).
FSD is laughably years behind where it was projected and is no where near robotaxi level, contrary to what Elon may sey.
Nothing new is happening with the company that wasn't in the works over 2 years ago.

So much of your response is nonsense. As for customers; you can't please everyone. As for new companies , entrepreneurs do that all the time. As for firing, sometimes it's needed, and sometimes those people return.

 

[BannedByTMC]

The dumbest thing ever is investing in a company with a CEO you think is a loser.

I didn't, he was a different person when I first invested back in 2011. I still don't think he's a "loser", as I've clearly and repeatedly stated I think he's lost focus, is off mission, and is mostly a drag on the brand in recent years.

 

[HaulingAss]

I didn't, he was a different person when I first invested back in 2011. I still don't think he's a "loser", as I've clearly and repeatedly stated I think he's lost focus, is off mission, and is mostly a drag on the brand in recent years.

Well, the people who own most of the shares disagree with you.

BTW, Tesla went public in 2012. But if you invested in 2011, you did even better.

 

[BannedByTMC]

BTW, Tesla went public in 2012. But if you invested in 2011, you did even better.

" Tesla Motors, Inc. (Nasdaq:TSLA), a manufacturer of highway-capable fully electric vehicles and electric vehicle powertrain components, today announced its initial public offering of 13,300,000 shares of its common stock at a price to the public of $17.00 per share. The shares will begin trading on Tuesday, June 29, 2010 on the NASDAQ Global Select Market under the ticker symbol "TSLA." "
https://ir.tesla.com/press-release/tesla-announces-pricing-initial-public-offering