this post was submitted on 04 Nov 2025
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[–] nao@sh.itjust.works 71 points 4 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 4 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 7 points 3 days ago

Based on his performance or Telsa workers performance?

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

Speculative economy go brrrrrrrrrrrrrrrrr

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[–] WanderingThoughts@europe.pub 20 points 4 days ago (5 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 4 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 4 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 3 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 3 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 3 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.

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[–] FreedomAdvocate@lemmy.net.au 12 points 3 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 3 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 1 day 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 1 day 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.

[–] Quacksalber@sh.itjust.works 106 points 4 days ago (3 children)

Piss baby Musk should take his final breath under a bridge with nothing to his name. That would be fair.

[–] stoy@lemmy.zip 27 points 4 days ago* (last edited 4 days ago) (2 children)

What would be fair would be if he as he is sitting on the ground a Cybertruck in summon mode careened off the road pinning him against the building not killing him instantly but slowly while the radio in the car is playing a comedy show where he and his companies are the punchlines. The last thing he hears is his legacy bwing laughed at as a joke

[–] Tollana1234567@lemmy.today 2 points 3 days ago

musk doesnt trust his own teslas, he would never get in one or near one that isnt heavily modified.

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[–] GuyLivingHere@lemmy.ca 3 points 4 days ago

And then the bridge should fall on him.

I’d like to see his EGO want to be the first man to set foot on Mars.

I wouldn’t be upset if something went catastrophically wrong.

[–] tias@discuss.tchncs.de 24 points 3 days ago

threats from Musk to step down if the deal is rejected

A threat is a good start, but is it a promise?

[–] Cruxifux@feddit.nl 86 points 4 days ago (2 children)

But he needs 1 trillion dollars for his robot army so he can retain control of his robot army so nobody else can have control of his robot army so he alone can rule the entire world with his robot army.

Dude is a literal supervillain.

[–] thejml@sh.itjust.works 19 points 4 days ago (1 children)

I'm just waiting for Musk to get his robots to learn how to feed off biomass and complete his transition to Ted Faro.

[–] luciferofastora@feddit.org 5 points 4 days ago

Reading this while waiting for HFW to load is an eerie coincidence. I very much would prefer to enjoy the post-apocalyptic world from behind the safety of the fourth wall.

[–] MangoCats@feddit.it 7 points 4 days ago

He needs an excuse to rage quit.

[–] Kolanaki@pawb.social 45 points 4 days ago (2 children)

Could the megawealth fund float me a couble billion dollars? Here are my qualifications and reasoning:

I'm not Elon Musk.

I'm cool with a few million. I'll even give it back in 10 years or so.

[–] username123@sh.itjust.works 8 points 4 days ago

Solid reasoning tbh

[–] tal@lemmy.today 54 points 4 days ago* (last edited 4 days ago) (6 children)

From what I have read, he's still likely to be able to line up enough votes to get his $1 trillion pay package (and the associated voting rights), despite a lot of major institutional investors being in opposition. But we'll see when the vote goes though.

I think that Tesla can probably get a more-effective CEO for less money, personally. Even if he leaves as CEO, he still owns 15% of Tesla and is fabulously wealthy as a result. I don't feel like he's getting a bad deal.

I do think that there are some arguments that the SEC should pass some regulation to help ensure board-CEO independence; part of the issue is that the board, which is supposed to oversee Musk, has been considered to be acting on his behalf by quite a few people. I don't think that it will happen under the present administration, though.

[–] Bronzebeard@lemmy.zip 30 points 4 days ago (1 children)

He wants the bragging rights. It's just a game at these numbers

1 Trillion % this.

[–] Lemmyoutofhere@lemmy.ca 21 points 4 days ago (1 children)

Slime mould would be a better CEO.

[–] angrystego@lemmy.world 3 points 3 days ago

Slime mould is pretty cool in general!

[–] someguy3@lemmy.world 5 points 4 days ago* (last edited 4 days ago)

Effective yes, but uh what's the wording image-that-props-up-crazy-valuation no.

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[–] KingThrillgore@lemmy.ml 15 points 3 days ago (1 children)

HOW IS HE WORTH A TRILLION DOLLARS

He's not, he's merely asking to be worth $1T.

[–] lechekaflan@lemmy.world 7 points 3 days ago

Goddamn. It would be like rehabbing Quisling if they gave that fucking weasel what he wants.

[–] Prior_Industry@lemmy.world 6 points 3 days ago

I thought these guys had already sold their Tesla stake

[–] SaveTheTuaHawk@lemmy.ca 14 points 4 days ago (3 children)

This is moot. Musk has never met a milestone once, and if he doesn't meet milestones, he gets jack shit.

[–] patrick@lemmy.bestiver.se 17 points 4 days ago (1 children)

The reason his last pay package of 50 billion was awarded to him is because he met the milestones for that. It was a similar deal to this one where they set top end milestones that everyone felt were ridiculous and they’d never hit them. Mostly stock targets IIRC.

[–] SaveTheTuaHawk@lemmy.ca 1 points 4 days ago (2 children)

Those were lowball milestones. He actually has to generate real money this time.

[–] patrick@lemmy.bestiver.se 7 points 4 days ago

Quit rewriting history, those were absolutely not lowball milestones.

If Mr. Musk were somehow to increase the value of Tesla to $650 billion — a figure many experts would contend is laughably impossible and would make Tesla one of the five largest companies in the United States, based on current valuations — his stock award could be worth as much as $55 billion

That is a quote from this contemporary article: https://www.cnbc.com/2018/01/23/teslas-pay-deal-to-keep-elon-musk-all-or-nothing.html

[–] FreedomAdvocate@lemmy.net.au 1 points 3 days ago

They were absurd milestones at the time, which nobody thought he could hit in his wildest dreams.

[–] FreedomAdvocate@lemmy.net.au -2 points 3 days ago

Musk has never met a milestone once

Apart from all the ones that he has, like his last mega paypacket at tesla, you mean?

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