News @lemmy.world jeffw @lemmy.world 3 wk. ago

Tesla CEO Elon Musk could leave if $56 billion pay package not approved, shareholders warned

www.theverge.com Tesla CEO Elon Musk could leave if $56 billion pay package not approved, shareholders warned

‘This is obviously not about the money,’ Tesla’s board chair writes — presumedly with a straight face.

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168 comments

Save 56 billions and tell Musk to fuck off? What's the catch?
If he left, the stock would bounce up 20%. Put an engineer at the head and start producing decent model 3, Y. Work on reaching 25k MSRP. I'm sure there's bottlenecks and inefficiencies that could get them there.
I might actually consider buying a Tesla at that point. The SO and I nixed the car as an option purely because of that guy.
That is the best thing that could happen to Tesla right now.
Musk leaving would probably help Tesla's share price
Don't threaten me with a good time!
Pay me a bonus that is multiple times the profit that the company has ever made, or i will stop sabotaging said company!

Eeeeh, no?
Sounds to me like shareholders should call his bluff and be rid of him. Maybe then the company won't be wasting money on boneheaded vehicles like the Cybertruck.
Wouldn't it be better for Tesla if he wasn't CEO? Hasn't he repeatedly demonstrated that he's a shitty leader?
Gtfo, so long, dipshit
Warned? Do you promise?
Would be excellent for Tesla if Musk leaves. They might finally make cars that have standards and quality to existing luxury brands like Mercedes, BMW etc
Promise?
Don’t threaten me with a good time!

(Not a Tesla shareholder tho)
Call his bluff!
Do eeeeet!
warned

Warned or promised? Don't threaten shareholders with a good time.
So that's what they pay the most irrelevant person in the company?

Perfectly fine and rational economic system we've got going here...
does another bump of ketamine

"Wait, I'm staying."

does another

"Nah. I'm gone."

does another
Please let him go.
The stock will go through the roof if he goes....It'll drop at first as the fanboys bail, but then institution's will have faith again and invest and it will pop off when he stops kneecapping the company.
The best thing for Tesla would be to dump Elon and move its headquarters back to CA. It needs to rekindle the love with its customers. Also Apple could buy Tesla and the world would go nuts.
Il run tesla for half that, and by simply doing nothing I will do a much better job than Musk.
Man, Tesla and the shareholders should take this opportunity to tell Phony Starck to not the the door hit ya where the good Lord split ya. Tesla would be so much better off without this spoiled nepobaby.
It's typically a bad idea in negotiations to say "the thing you want to happen will happen if you don't do what I want!"
A.I. can have his job.
He’s clearly too distracted by his new found social troll celebrity. He’s not been doing Tesla any favors in recent years. Better he get removed at this point.
This sounds like the best move for Tesla
Ditch him along with his stupid truck and maybe the company will be appealing again.
Lol Im sure some of the Shareholders would be glad to see him move on, given his recent self-destructive behavior. He fired his most successful department at Tesla for...no reason?
He should leave.
Well it worked when he whined and moved Tesla to Texas because he couldn’t get what he wanted. Maybe he’ll leave Tesla now. Problem is a billionaire like him at loose ends could send him into politics.
Sounds like a sensible investment.
Do it. but first let me go buy some puts.

(for the record, that's either way. cuz. you know. tesla's getting shitfucked now that they actually have competition.)
This shareholder says "Bye!" and I'll buy more when the market is done panicking over his departure.
Win win. Don't waste money and get rid of an egotistical loser at the same time.
Please don't throw me in the briar patch!
I'll give Tesla a bargain basement deal and take the job for 1% of that, and can guarantee I will be less of an obstacle to improvement.
If all he does is leave, that will be fantastic. More likely he'll just cripple the company in his rage. That's the real reason a lot will vote to pay him.
Were you just made a moderator of c/news, @jeffw? If so, congratulations!
Oh no!
Didn't he just steal a bunch of GPUs from Tesla for use at Twiter?
Don't threaten me with a good time!
Shareholders: Please don't threaten me with a good time!
No balls, you won't do it!
WYM, warned? Warnings are used for bad things.
I might buy some stock so I can vote no.
IM GONNA LEAVE, I SWEAR!!!! In just two more years...
Exploitative schizoid druggo leaving promising company? That sounds like a win for Tesla.
"my money first in my money last out"

who could've expected this!
Warned? Weird way to spell "exclaimed".
I would consider buying a Tesla after a couple years then ... maybe.
At least he's open about extortion, & using his leverage in any company he owns only as a means of gouging all for his personal-wealth..

A kind of honesty, eh?
Let the loser leave. His smug smog smeg pollutes the air out here enough
Don't threaten me with a good time!
We're just 1 year away from the pay out, same planning as FSD and others "predictions"!
Great.
Better title: Company will save $56B AND improve exponentially if illegal immigrants pay package not approved.

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