What the world’s richest man is now doing is as raw and brutal as it gets. Already Tesla is hysterically overpriced
Tesla Chairman Robyn Denholm has stepped up her campaign to win shareholder support for Elon Musk’s $1 trillion pay package, warning that there is no “Elon Mark 2” if the automaker’s board is forced to try to replace the CEO. NOK 000,000,000. – Ten trillion kroner, more than any human has ever owned.
Norway out of Tesla!
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Either you accept the robbery or $1.53 trillion in market value disappears. – A market value that is hysterically high and the largest bubble ever. 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.
WARNING also to you as a small investor: Elon Musk is trying to make himself the world’s first trillionaire (yes, TRILLIONAIRE with a “T”) with a monstrous salary package and give 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. If approved, this package could usher in a new era of corporate debauchery as CEOs seize the opportunity to channel more and more profits into their own pockets, while squeezing workers and customers. He MUST be stopped. You can own Tesla stock without knowing it – talk to your broker or manager of your 401k pension and let your voice be heard. http://act.link/gi-tesbtc
This, of course, is in addition to the fact that he actively supports democracy and human rights wherever he is.
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