Swastikas are expensive.
Can’t wait until this clowns pyramid scheme collapses.
Fucking morons.
Evil never dies or goes broke.
I’m so tired of evil people being rewarded.
This dude is straight Bernie Madoff on a global scale.
Most overpaid “worker” ever.
It’s interesting to note that given the evidence of Elon, that being a CEO is a part time job. It has to be. It’s impossible for Elon to work 40 hours a week at 6 companies.
And I’ve always been told by the people that excuse outrageously out-of-step executive pay with this bullshit narrative about how they are the best and the brightest (just like top athletes, don’t you know!), and they work long hours, probably more than anyone else at the company and other such hilarious fictions. They are basically the Michael Jordans of capitalism, yadda yadda.
This guy cannot be working even 40 hours at all six of his companies. That’s simply impossible, even if he never slept.
He claims to work 100 hours per week, but that’s still less than 20 hours per company.
100%. Even if true, it’s 16.7 hours if he divides it up evenly between 6 companies. Which is about two eight-hour days.
Also, does anyone really think that working 14.3 hours, 7 days a week, is sustainable? I don’t believe he’s working 100 hours a week.
Anyway, the more that a certain type of person lionizes Elon as the pinnacle of American-style capitalism, the more they are actually doing quite a lot to tear down their bullshit narratives they’ve worked so hard for decades to build about executive pay.
Most of us probably knew quite well it was nonsense, probably even saw examples in our lives of people in the C-suite who were quite full of themselves and how “hard” they “work”, while taking quite a bit of the credit and almost all of the profits. Oh, and if they fail, these self-styled heroes don’t go down with the ship like mere hoi polloi heroes. Oh no, these heroes of capitalism will parachute out and land on gigantic piles of cash as a result of failing. But we were told these people are like top athletes and put in so much hours of intense visionary work, at a pace few other humans could ever do, and so they deserve all this cushy treatment.
With Elon, the math is just self-evident. Being an executive, in one of the most successful cases, is most definitely a part-time job.
Shorts on Tesla
Absolutely insane position to be in for a company that has a triple digit PE ratio
How many can $3 get me?
Tesla is still one of the smallest car companies by actual amount of produced goods and their values
But the stock is a religious cult. Frankly, cults are a way to make good steady money, ask the Mormons.
Ask L. Ron “I’d like to start a religion. That’s where the money is.” Hubbard
They do bring in the bucks and that’s how it all works right now.
Abject unmitigated balls to the wall madness. There’s absolutely no way that hapless moron can generate in excess of one trillion dollars of value for those shareholders over the next decade, and even if he could no single individual should ever have that amount of wealth.
Headline is a bit misleading. He has 10 years to meet a list of requirements to get the pay package.
I actually don’t think he can do it.
He has to sell 1mil humanoid robots, get 12mil robo taxies in the street, and get Tesla’s market cap to $8trillion.
I don’t think he can do the last one. They are at 1 trillion now. NVIDIA has the highest market cap at like 4 trillion.
He won’t be able to do the other things either.
The most difficult part of designing humanoid robots is the AI. Boston Dynamics has been working on it since 1993. You can’t just slap an LLM on it and hope it works. They will also need rigorous safety testing before a new product like this is even allowed to be sold. Not going to happen in 10 years. 20-30 years at least.
Tesla also is incredibly far behind with their self driving cars. Even if they finally get permission to sell robot taxis, the market will already be saturated by other manufacturers. They will be lucky to sell that many.
It will just all go on his list of unaccomplished lies:
It’s not even AI that’s the problem wrt to making humanoid robots, it’s the lack of dexterity of automatons to do even the most basic tasks that most human can do. Even if AI improves, robots that can move like humans is still the hurdle.
http://www.bbc.com/news/articles/cgm2jed7xvyo
No. Not really.
Definitely, the small and powerful motors it requires don’t exist yet. Every robot until then will move more slowly and fluently than a human
But they don’t need them to in order to sell them. They do need the AI to be smart enough not to kill the humans it works with.
They will also need rigorous safety testing before a new product like this is even allowed to be sold.
Sweet summer child …
The United States might let them on the roads, but the rest of market won’t.
12 million vehicles basically guarantees they have to sell overseas, and for Tesla that pretty much means Europe and Australia, which both have more strict vehicle safety standards than the US.
It’s not gonna happen.
This thread is full of summer children
Musk does not need rigorous safety testing for his shit cars, why would he need them for murderous robots?
They will also need rigorous safety testing before a new product like this is even allowed to be sold.
Welcome to the world according to Musk. These things will be out in the wild, mangling people and spontaneously combusting before a safety inspector can get within a mile of Tesla.
No way he lasts 10 years.
Tesla will be bankrupt in 2 years. They may flog it to keep it moving for a while longer, but it is already too late. It’s brand reputation sucks, nobody is buying them but losers, most people that own one would dump it if anyone would pay a reasonable amount for it, the quality control is notoriously terrible, and as they age, their repair and maintenance issues are going to become very expensive. They won’t recover from any of that. If it wasn’t for the government buying so much unused inventory, they’d be in even worse shape than they are.
Besides, he is one of the most reviled men on the planet. In 10 years, the world is going to be very different. Either it will be ruled by ruthless scum like Musk and Trump, or the other 8 billion people on the planet will do something about the >50 people in the world who are fucking it up for everybody else.
I’m really hoping that a decade from now, Musk, and his psychopathic super villain buddies, won’t be an issue, one way or another.
He missed every milestone at SpaceX. Stock investors are fucking delusional about autonomous taxis, Waymo has been there for years and it’s not a trillion dollar business.
Humanoid robots is pure wank, unless Tesla pivots to sex dolls.
I would not fuck a Tesla.
This stock and company is so propped up on bullshit, it will happen. Even if the board and investors have to buy his bullshit so he can meet these goals. They need it to happen so the stock price keeps going up.
What if he gets the government to buy it all, in a roundabout way to provide services to the populace via the government. The rejig the taxis to mean robo trains and buses that are free for everyone. The robots can staff hospitals, doing menial tasks (cleaning, changing diapers), leaving the more important work for actual humans.
Maybe he was a socialist all along!
Of course he can’t. He knows that. This was 100% optics, so he can go down in history as the worlds first trillionaire. It doesn’t matter that it won’t happen, it did on paper, and that’s all these types care about. He can now brag and boast on his newfound success, and insanely, it will work (at least for a while).
It depends on how these things are defined. Say, for example, a 1-foot humanoid roomba minus any utility. When it comes to the market cap, causing hyperinflation of America’s dollar can allow it to become true by the word, if inflation isn’t part of the agreement.
The robo-taxi is probably the toughest part. Maybe a means for the military to ‘taxi’ explosives into civilians at Stephan Miller’s command?
I know. This all sounds stupid. Unfortunately, I have precedent. Gestures at the year 2025.
Thank fucking god you explained this. I was thinking wtf is wrong with this world and now I understand this is an unreasonable performance comp plan - makes so much more sense and with the damage he’s done to that brand, people like me wouldn’t buy a thing from them. I wouldn’t piss on him if he was on fire.
He doesn’t need to do it, he’ll just lie about it as he always lies about literally everything.
Without his lying he would be a nobody as he has no discernable skill beyond lying his ass off and selling people fantasies
1 million Tesla robots? I’ve seen student projects that are more impressive than that shit theyve presented and half of it was faked because they couldn’t event et anything basic done. Compare those Tesla robots to Boston dynamics and you’d die from laughter
12 million robo taxis? Tesla still doesn’t have full self driving that can get a Tesla off a parking lot yet he claims they can cruise cross country through the US without help. Uh huh…
And who forgot how we set foot on Mars in 2018? What a wonderful time that was.
This will come in handy when he’s arrested and we use his wealth to cure poverty, homelessness, and hunger around the globe.
What’s worth more to our species survival?
One ketamine addicted pants wetting Botox infused South African Nazi with a fragile ego…
Or…
The entire world going to sleep with a roof over their head, a full stomach, and a chance at a better life.
Take as long as you need.
note that the tesla car company and shareholders could’ve just ended poverty and homelessness themselves but didn’t.
also he’s the biggest shareholder so that’s neat.If you see a trillionaire there is only one moral thing to do, and its not even close
Agreed. This is economic cancer and must be removed. Arrest him … seize the wealth.
I don’t normally encourage some acts.
We have a chance to set a great precedent here.
Ask the French, they have a good example from 1792.
putin is likely the only true trillionaire out there that is not entirely in investments.
Don’t discount the Saudis. They don’t have wealth, they have a wealth faucet.
His wealth only exists because his companies are way over valued. If he’s being arrested, those companies have likely already failed and his wealth with them.
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I’d be interested to see the caveats included by the board, in that pay package.
Yeah, on paper it looks unlikely that he’ll hit his targets.
He has to make Tesla an $8 trillion dollar company (will probably be a world first) Sell 1 million optimus robots And increase earnings from 16 billion to 400 billion Oh and as a final piece de resistance - create a succession plan
You think it’ll be a world first when Nvidia is already at 4.57T?
So when I wrote that, I thought they were “only” $2T, that’s my bad
Given how stupid fast nvidia went from ~2t to 4.57t that seems like a honest mistake. Who’d think a 2t company would be worth 4.57t in less than a year.
I don’t really follow tech stocks as it just doesn’t make sense to me. I sick to rocks and explosives
Some are listed in the article
The full compensation would only be delivered if Musk vaults the company from its present value of $1.1 trillion to $8.5 trillion, a figure that exceeds the current combined market values of Meta, Microsoft and Google-parent Alphabet, the filing says.
OK, so not going to happen. This is just bullshit to suck oxygen away from the dumpster fire that is Tesla sales figures.
Maybe not the whole trillion, but some of the lower tranches aren’t going to be too hard to meet and are still with a shitload.
As I understand it, the fine print allows the board to wave a lot of the requirements and award a large part of the pay package anyway. And since the board is entirely under Musk’s control, that’s pretty much guaranteed to happen.
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dumpster fire
So a typical day for a cybertruck
