Tesla Shareholders Vote Today On Musk’s $1T Pay Package: Will Elon Be The 1st Trillionaire?
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Tesla shareholders are meeting in Austin, Texas right now with the course of history in their hands: will Elon Musk quit the company as nothing more than the world’s richest man? Or will they give him a trillion dollars and make him even more the world’s richest man?
Either way, this article will probably be out of date by the time you read it.
We’re talking about the hotly contested pay package that, if Elon can make Tesla hit its targets, will grant him up to $1 trillion dollars in United States money (dollars).
That’s a pretty hot bribe, so hot in fact that if the shareholders vote to take it away from Musk, he might just take his ball and go home.
Shit, I wish I could get a trillion dollars just from threatening to leave my job, wait, let me try it…
…no. They said I was welcome to quit and I just shrivelled and said in the smallest, most pathetic voice, ‘noooo, thank you, I’ll staaayyyy’…
Elons For A Pay Rise (Get it? like, ‘he longs’, Elon… no?)
Anyways. I know a trillion sounds like a lot but it’s not like they’re physically handing him over a football field’s worth of stacked dollar bills. No, we’re talking about a 423.7 million shares, which are worth about a trillion dollars. So that’s all fair then.
And all that’s only if Tesla can reach a market cap of $8.5 trillion, which, come on guys, that’s a little ambitious. Nvidia, which is way more important than you, only just reached 5 trill. Apple, freaking Apple, is still only worth half of what you’re projecting.
So yeah, I think this is all pretty academic, especially when recently Tesla’s sales have slumped, profits have crashed and they face ongoing challenges from China, China, and China.
But it’s fine because Elon has a plan: pivot to making robots, robotaxis and fast food joints. Yeah, that’ll work…
So it’s unlikely Elon will get his trilly from this vote at least even if it does go through but hey, ‘Elon could earn a trillion dollars’ makes for a pretty catchy headline, I mean, you clicked on it, didn’t you?
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