With 75% of the vote, Elon Musk won with his demand for a trillion dollars in salary from Tesla. Norway’s oil fund voted against, but lost the vote. Forget the moral aspect of it all and ignore that Elon Musk is an asshole of dimensions, focus only on the economy, there is zero % chance that the company will survive paying the equivalent of two years’ gross domestic product in Norway.
If you actually think that it’s good for Tesla and its shareholders to give Elon Musk more money than any person in human history then call me, I’ve got some self-made “meme coins” I want to sell you.
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Elon Musk gets $1 trillion, while everyone else loses!
Although the stocks are going to go down a bit in the days to come, there is nothing against the collapse we are going to see.
What the world’s richest man is doing now is as raw and brutal as it gets. Already Tesla is hysterically overpriced
After Tesla’s chairman Robyn Denholm stepped up her campaign to win shareholder support for Elon Musk’s $1 trillion pay package, the battle has been won by an unimaginable 75% of the vote. Unbelievable that there are so many stupid and corrupt people. I can guarantee that in the story light will uncover a number of under the table deals. The big managers, who have already lent Elon Musk many billions of dollars, will now have new billions to manage. No one heeded the chairman’s warning that there is no “Elon Mark 2” if the automaker’s board is forced to try to replace the CEO. “She simply said, as the Financial Times reports (behind a paywall), that Tesla without Elon Musk goes to hell and that all investments are lost unless Musk gets 10,000,000,000,000 kroner. “Ten trillion kroner, more than any human has ever owned.
It is the opposite, tonight’s decision is the death knell for Tesla and Norway has shares worth NOK 118 billion, which means that 21,454 of your kroner are in serious and imminent danger.
Either you accept the robbery or $1.53 trillion in market value disappears. Tesla has a PE of 320, while Toyota, for example, has a PE of just under 10.
If the Norwegian oil fund does not sell out now, the whole gang should then be fired. The risk of sitting on a stock that is overpriced with a crazy drug addict with the Gude complex as the boss is enormous. According to the Oil Fund’s own pages, we are sitting on Tesla Shares for 118 billion kroner. “Money that is lost on the day it hits.
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The biggest straw of all time!
Warning also to you as a small investor: Elon Musk makes himself the world’s first trillionaire (yes, TRILLIONAIRE with a “T”) with a monstrous salary package and gives himself a stranglehold on the Tesla company, an award and reward he neither needs nor deserves. In typical Trump-like fashion, he has rigged it so that even if he does not meet many of his performance goals – and the company has NOT performed well lately – he will still make himself rich as a thief. Now that the package has been approved, it will usher in a new era of corporate exhaustion as CEOs seize the chance to channel more and more profits into their own pockets, while suffocating workers and customers. The only thing left is to sell Tesla before all is lost.
This, of course, is in addition to the fact that he actively supports democracy and human rights wherever he is.
