this post was submitted on 04 Nov 2025
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[–] nao@sh.itjust.works 71 points 6 days ago (3 children)

Tesla has sold 7 million and something cars in total according to google. If each of those was 100k, that would still be less than a trillion in total. How could one guy get paid more than the whole company ever made?

[–] ripcord@lemmy.world 28 points 6 days ago (3 children)

This is supposed to be paid out over time based on future performance milestones. Also based on projected increased value of shares as a result.

Still insanely, insanely high though.

[–] peetabix@sh.itjust.works 8 points 6 days ago

Based on his performance or Telsa workers performance?

[–] other_cat@piefed.zip 3 points 5 days ago

Speculative economy go brrrrrrrrrrrrrrrrr

[–] FreedomAdvocate@lemmy.net.au -4 points 6 days ago

Still insanely, insanely high though.

But undeniably worth it if you're a tesla shareholder.

It's like your financial adviser saying "I'll make you a billionaire in 5 years, and if I do your bill will be $1mil. If I don't, don't pay me anything, and you've lost nothing" - why would anyone have an issue with that?

[–] WanderingThoughts@europe.pub 20 points 6 days ago (2 children)

In the market these days, it's not what you're making now but the future potential of what you might make in the future. And Musk is an expert in dreaming big and make other people believe it.

[–] CptOblivius@lemmy.world 12 points 6 days ago (2 children)

Ya most of his shit is stupid though. The cyber truck, terra forming mars with nukes, the hyperlopp, etc. The Tesla dream was there before him. I just don't get it....

[–] fishy@lemmy.today 17 points 6 days ago (1 children)

Because it's nonsense. We're a decade past the promised rollout of full self driving, the hyperloop is a failure, the cybertruck is a flop, China makes EVs significantly better and cheaper than Tesla. The batteries they're selling are looking more and more likely to get leapfrogged by solid state batteries too. Half the world refuses to touch anything his companies produce.

Tesla stock should be in the shitter, but results don't matter anymore.

[–] Tollana1234567@lemmy.today 5 points 6 days ago (1 children)

the hyperloop was an actual scam to stop claifornias fast rail system from being developed, long enough for elaine chao to block its funding.

[–] fishy@lemmy.today 2 points 5 days ago

Yup, but they actually built one in Vegas. It's a joke. It's two Tesla with drivers going about 25mph in tunnels.

[–] BurgerBaron@piefed.social 2 points 6 days ago

Ya most of his shit is stupid though

It appears to me that your average human isn't particularly smart so this hasn't been to his detriment yet.

[–] FreedomAdvocate@lemmy.net.au -4 points 6 days ago (1 children)

And Musk is an expert in dreaming big and make other people believe it.

And has a near flawless record in achieving those dreams, making the people who believed in it filthy rich.

This pay packet is, like his last one, a "bet big on me and I'll make you all insanely rich, or I get nothing" bet. It makes no sense why anyone would say no to it.

[–] AngryCommieKender@lemmy.world 5 points 6 days ago (1 children)

He hasn't achieved those dreams at all with Tesla, or any other company that he actually runs. Over a million unsold cybertrucks. No actual autopilot that works. The cybertruck is 17 times more flammable than a Ford Pinto.

Elon Musk is an average intelligence fascist scam artist that happened to have a golden spoon in his mouth from day one.

[–] FreedomAdvocate@lemmy.net.au 0 points 4 days ago (1 children)

Oh can we just lie about things to suit our argument now?

[–] AngryCommieKender@lemmy.world 1 points 3 days ago

I don't, but you do constantly.

[–] FreedomAdvocate@lemmy.net.au 12 points 6 days ago (1 children)

How could one guy get paid more than the whole company ever made?

Because that $1trillion pay packet is contingent on the value of Tesla going to like $5tril, which would make it the biggest company in the history of the world. It would make every shareholder insanely rich.

[–] mcv@lemmy.zip 11 points 6 days ago (1 children)

But that's all bubble. Tesla isn't selling even enough cars to justify its current valuation, and sales are slowing down. The current valuation of Tesla is based entirely on hype, and has been for years. For ever, really, but in the early years it could be justified because it was the fastest growing car company ever, and EVs were new and hot. Now everybody is building EVs, and more than Tesla.

[–] FreedomAdvocate@lemmy.net.au 1 points 4 days ago (1 children)

Is this your first time reading about the stock market? It’s all about “hype” and “bubbles”.

Teslas are still the gold standard of EVs. They’re not the cheapest, but they’re what everyone wants.

[–] mcv@lemmy.zip 1 points 3 days ago

Why would this be my first time reading about the stock market? Do you think this is the first bubble?

Yes, hype and bubbles are common on the stock market, that's not all it is, and that doesn't make them okay. The dot-com bubble led to a crash. Other bubbles led to crashes. This one will too. How long that will take? That depends on the number of greater fools, or on how long they can keep inflating this with financial trickery.

Teslas are still the gold standard of EVs. They’re not the cheapest, but they’re what everyone wants.

That was years ago. Tesla sales are dropping in many places, while other the other EV sales are growing. Tesla has peaked, there's no sign of anything that will reverse it. And their sales have never justified their stock value.