Shareholders, would you vote to reinstate Elon's pay package

[flyinglow]

I don't think shareholder votes in favor of Elon will be able to overturn a court order. Moving HQ to another jurisdiction because you don't like the court's decision will probably not work either.

With stock down about $100 year to date and the CEO asking for an unprecedented $55B payout, i have a hard time believing any investor could give that a yes vote. Especially institutional investors.

No one is worth that much money and elon already owns a substantial stake in the company.

Musk is hurting sales and Tesla reputation/driving away customers. At best, between X and SpaceX, Tesla gets a third of his time. These days he seems to be under the influence of something that is affecting his judgement. Past performance aside/all credit due him, it is hard to justify that kind of compensation package today.

 

[HaulingAss]

YES!

Elon is to Tesla, what Steve Jobs was to Apple.

What happened to Apple after ousting Steve?
What happened to Apple after his return?

Exactly. And that's why Tesla is being attacked from its heart outward. They want Elon to leave Tesla floundering so the legacy automakers can have their way once again. This attack has no previous legal precedent, it came from a silly lawsuit of someone with less than 12 shares and a corrupt judge defied all previous legal precedence and went where she had no business going, using the flimsiest of arguments to get her there.

 

[HaulingAss]

Musk is hurting sales and Tesla reputation/driving away customers. At best, between X and SpaceX, Tesla gets a third of his time. These days he seems to be under the influence of something that is affecting his judgement. Past performance aside/all credit due him, it is hard to justify that kind of compensation package today.

That's false. People have been claiming Elon is hurting sales since he made a bid for Twitter over two years ago. In the most recent full year, Tesla had the best-selling car in the world! And it wasn't even a gas car, nor was it their least expensive car! Elon has guided Tesla right into the heart of the new car market.

Elon is the driving force behind Tesla and no other automaker can claim the best-selling car in the world, in the most recent year.

You provide no evidence that his judgement has harmed his businesses performance, the most compelling evidence over the period in question is the phenomenal growth of Tesla's production and sales, unmatched by any other major automaker. And Elon is the longest tenured CEO, he has the most experience, of any other automaker in the world. The rest come and go with the breezes of change. None of them have the long-term vision that Elon demonstates.

That's why people who hate Tesla and the positive change they are finally bringing to a stagnant auto industry want Elon to leave. But he has more tenacity in his little finger than they have in their entire body. People forget that he was bullied and bloodied consistently as a small child growing up in South Africa because he was "bookish" and different from the other kids. He knows how to deal with adversity, he doesn't give up because he knows, if he stays true, he will prevail in the end.

 

[ColonelZ]

Tesla has huge potential, and he deserves credit for what he created. I think Elon's behavior and his concerning increase in magical thinking (sharing and believing in conspiracy theories) is actually holding the company back. Elon has a history of trashing companies and has been fired as CEO twice before, in both cases the companies were more successful afterwards. He just doesn't know how to run a company, its not his core competency.

This is why I'd vote no on the compensation agreement. As for moving to Texas, I don't really have a strong opinion about that unless the lawlessness and concerning growing fascism in that state impact the safety of Tesla's product.

 

[ColonelZ]

That's false. People have been claiming Elon is hurting sales since he made a bid for Twitter over two years ago. In the most recent full year, Tesla had the best-selling car in the world! And it wasn't even a gas car, nor was it their least expensive car! Elon has guided Tesla right into the heart of the new car market.

Elon is the driving force behind Tesla and no other automaker can claim the best-selling car in the world, in the most recent year.

You provide no evidence that his judgement has harmed his businesses performance, the most compelling evidence over the period in question is the phenomenal growth of Tesla's production and sales, unmatched by any other major automaker. And Elon is the longest tenured CEO, he has the most experience, of any other automaker in the world. The rest come and go with the breezes of change. None of them have the long-term vision that Elon demonstates.

That's why people who hate Tesla and the positive change they are finally bringing to a stagnant auto industry want Elon to leave. But he has more tenacity in his little finger than they have in their entire body. People forget that he was bullied and bloodied consistently as a small child growing up in South Africa because he was "bookish" and different from the other kids. He knows how to deal with adversity, he doesn't give up because he knows, if he stays true, he will prevail in the end.

Elon is hurting sales for both Twitter and Tesla. There is an abundance of evidence that his judgement has harmed his business performance. OP probably thought you'd seen some of this:

1/ https://qz.com/tesla-ceo-elon-musk-...rning off,potential Tesla buyers is shrinking.

2/ https://variety.com/2023/digital/ne...ion-one-year-user-revenue-decline-1235770297/

I love Tesla, and I love SpaceX. I want to see these companies flurish and grown. The data suggests Elon is holding them back. He did the same for Paypal and Zip2.

 

[Alpine]

Without Elon the company probably would be bankrupt, there would be no products to sell.



Of course you have no insight to what value he adds to the company - you aren't a member of Tesla's management team! You're not even on the Board of Directors! People who work with him consistently are well aware of how much value he brings to the company, which is why they are asking shareholders to approve the same pay package they originally offered.




Elon has already disclosed the article that claimed the $25K vehicle was cancelled was nothing but another lie. What is it you don't understand about that?



No one has been more right about Autopilot/FSD than Elon, the only thing he was wrong about was the exact timing.

Have you even used FSD Version 12? It's mindboggling just how good it is. Other Autonomy competitors have spent many billions of dollars on the exact same problem and have very little to show for it besides automatic lane-keeping and traffic aware cruise control. Most of them can't even perform a simple lane change on the freeway safely or are geo-fenced to only operate within the municipal boundaries of a couple of selected cities that have been extensively mapped and need to be re-mapped everytime the municipality changes a turn lane. It's completely unworkable. Elon has been so right on autonomy, it's difficult to understand how the others got it so wrong.

If you read the actual ruling in the court case,

Not only were shareholders not clued in on the details of the compensation, the board had musk's brother and another verified close friend voting on this.

Additionally, the target goals set forth in the agreement were ALL projected to be met and the board had full knowledge of this. This was not a lottery or gamble to see if musk could meet goals. The compay's own internal projections laid out all goals would be met.

Is it fair to pay musk more than the top 200 CEO's COMBINED salary when the stock has lost 1/3 of its value in 4 months?

To people saying this is not a cash payout, its worse. When Musk excersises his stock option, thats 304 million shares bought at under $23 that will dilute every other tsla shareholder's cut.

Im an active trader. Got out at @ $183 in the green. I will get back in at the right entry point. Alot can happen tuesday and especially august 8 and beyond.

 

[Crissa]

If I had my last 6 years of compensation taken back, after ...

...It was discovered in court that you got that pay package without revealing the conflicts of interest or that those benchmarks were considered nearly impossible not to meet?

What his next pay package is, is irrelevant to what his last pay package was.

The drop in stock price tells it all.

-Crissa

 

[cbertgo]

I don't think shareholder votes in favor of Elon will be able to overturn a court order. Moving HQ to another jurisdiction because you don't like the court's decision will probably not work either.

With stock down about $100 year to date and the CEO asking for an unprecedented $55B payout, i have a hard time believing any investor could give that a yes vote. Especially institutional investors.

No one is worth that much money and elon already owns a substantial stake in the company.

I will vote time, i thin it matters.

 

[Beyond]

Apple ousted Steve Jobs and subsequently went right into the dumpster. It wasn't until Jobs returned to an Apple that was a stodgy corporate mess and nearly bankrupt that Apple's recovery began. Apple was lucky, Jobs came back and saved it by overhauling the antiquated OS and by introducing visionary cutting edge products. This is similar to what would happen to Tesla if Elon Musk left. That's exactly what the fossil fuel interests, the UAW, certain politicians and American auto wants. Let's not make the mistake that Apple made.

 

[CyberTruckeeTheOne]

Shareholders, including this one, are swimming in red ink with the tanking of Tesla share prices and in no mood to give Elon what he wants.

But then Tesla is a company whose board is controlled by Elon.

Elon is such a juvenile who moved his HQ to Texas after his failure to squeeze some more from CA. Making a big fanfare of the move when actually he is spending more time in CA.

And now doing it again due to a court decision against him. We'll see if his will is better than the courts.

And yeah, who else has the pretensions that you know better than our justice system and that we stockholders should be generous when our investment is under water and stock price need to go up 100% or more just to break even.

 

[roadrunner32]

Musk is hurting sales and Tesla reputation/driving away customers. At best, between X and SpaceX, Tesla gets a third of his time. These days he seems to be under the influence of something that is affecting his judgement. Past performance aside/all credit due him, it is hard to justify that kind of compensation package today.

IMHO, it's not Musk hurting sales, it's the Tesla haters being fueled by those entities that will lose billions when Tesla succeeds.

 

[BannedByTMC]

What happened to Apple after ousting Steve?
What happened to Apple after his return?

Tesla stock has an “Elon mark up” factor - he’s worth it

Apple was lucky, Jobs came back and saved it by overhauling the antiquated OS and by introducing visionary cutting edge products. This is similar to what would happen to Tesla if Elon Musk left. That's exactly what the fossil fuel interests, the UAW, certain politicians and American auto wants. Let's not make the mistake that Apple made.

Jobs died in 2011. Stock did far better after that.

 

[BannedByTMC]

Without Elon the company probably would be bankrupt, there would be no products to sell.

I did mention in the last 2 or so years, I didn't mean from the beginning. The company would not have been bankrupt or even close to it if Elon wasn't there in recent years.

Elon has already disclosed the article that claimed the $25K vehicle was cancelled was nothing but another lie. What is it you don't understand about that?

That Elon only said "lying" without being specific and then suddenly announced a robotaxi unveil with no mention of the regular next gen vehicle. The jury is still out as far as I'm concerned.

No one has been more right about Autopilot/FSD than Elon, the only thing he was wrong about was the exact timing.

He wasn't even right about the vague general timing, not even remotely close.

" A Tesla vehicle will drive in fully autonomous mode from LA to New York City by the end of 2017, company CEO Elon Musk said Wednesday during a press call. "

Have you even used FSD Version 12? It's mindboggling just how good it is

I've used it and my mind is not boggled. Yes it does some amazing things, it also does some basic bonehead things that a teen with a driving permit wouldn't do. It's not close to ready for robotaxi use.

 

[BannedByTMC]

People have been claiming Elon is hurting sales since he made a bid for Twitter over two years ago. In the most recent full year, Tesla had the best-selling car in the world!

You seem unable to grasp the idea that A. Sales could have been even better last year and B. Sales this year could be better.
Simple fact is we've seen far more people saying they won't buy Tesla products and/or TSLA stock because of Elon than the opposite, it's not even close. Long term Tesla fans are being turned off to the brand and the stock. Normally I would be buying this dip but now I'm not because I don't trust Elon's judgment.

 

[Beyond]

Poll yesterday: