Terrorism

 

What, no battery/generator backup?

 

Knowing Germany it will take forever to secure the permits, plus grid storage does not replace grid power they are not the same.

 

This is why everybody thinks you're in a cult. You take slights against him as if they're crucifying Jesus Christ himself.

He brings a lot of his PR issues on himself. Boosting antisemites who say that western jews want to eliminate white people. If Elon got cancer, I'd laugh.

 

Again, knock off the personal commentary (and debate/politics) or do not post. Not going to keep asking, going to boot from thread.

 

how is the board supposed to come up with a new package not knowing if a judge will dismiss it?

careful. all those mushrooms and lsd and ketamine could make mr. musk just wander away.

but shareholders had to approve musk's compensation, right?

you've used the word 'reasonable' a lot. is your pay reasonable? i'm sure you think it is. some might think it's outrageous though. you would disagree. you could cite lots of info about it being comparable to peers, etc. you say many musk peers delivered better results... how could anyone compare? in fact, wasn't musk's compensation based on pretty 'impossible' goals that he met anyway?

you just don't like someone unconventional and unpredictable and think he should be shackled by government bureaucrats and others who think they know what he should be compensated without knowing much of anything.

maybe so, but there's never been an elon musk either, creating a company unlike any other. tesla has literally changed the world. but so many like to chop down the successful out of jealousy, spite, politics, or other reasons. elon musk is john galt. or more like our thomas edison. i would not blame him one bit though for just leaving tesla and say "don't want to pay me? knock yourselves out."

does larry ellison need more billions? bill gates? mark zuckerberg? it's not about need. happy you make 'enough' money by your standards.

true no one is irreplaceable, but him leaving would crush tesla for a long time.

and all those reasons are why you'll likely never be a billionaire. i won't either, and i'm ok with that.

 

Nope, I definitely never will never be in the B club. I'm just too freaking unmotivated and lazy 🤣

 

Because that's what largely underpinned the decision, that the award was so disproportionate to results, performance and value along with argument that the shareholders who did indeed vote for the package were misled by a compliant board which encouraged them to vote for the package they knew was disproportionate to results, performance and value. The package failed because the board failed to exercise proper oversight and failed to act in the best interests of the company and its shareholders.

No one in their right mind has a problem with Musk getting value from the things he does, me included, but that's exactly why this ended up in the courts because the minute you get into what might be fair value and fair reward is the minute you get into matters of opinion. Which is essentially how we ended up here because the court is the ultimate arbiter of that. Tesla is a public company and while the board is not obligated to maximize profits and nor is it solely obligated to maximize shareholder value, it absolutely is obligated to act in the best interests of the company and in the best interests of shareholders. The court decided that it had failed to do that and failed to accurately or adequately represent the package to shareholders when encouraging them to vote for the package. In other words, the shareholders may well have voted for this, but the court essentially in my reading held that the board was acting in the best interests of Musk and not the company or its shareholders when recommending it. This really is the key point and it is why I think the Judge got it exactly right. This isn't about envy, it was mostly about a breach of fiduciary responsibility and a failure to act in the best interests of both the company and shareholders and it was this that primarily caused the package to be nullified.

And as for telling me what I do or don't like, you and I have had enough offline discussion via PM that I'd expected you to be better than that, but again, here we are. So again, be better. If you can't make your point without making it personal and political then maybe it might be time to ask yourself if your arguments really aren't as strong as you might think they are?

 

This sounds like written by chatgpt.

It is all great until you scratch the surface.

Do you actually understand what was the package?
- No pay
- The deal awarded Musk stock worth about 1 percent of Tesla’s equity each time the company achieved one of its operational and financial goals, such as ambitious aims set in 2018 to increase the Tesla market cap from $59bn to $650bn within 10 years. This meant hitting targets set for Tesla’s share price and the company’s profitability. Musk hit all 12 targets set by Tesla by 2023.

He has reached all 12 targets, which let him actually purchase shares at 2018 price.

You are telling me that a shareholder would not vote for a package that lets CEO buy shares at current price, if the value goes up by 10x? And if not, he gets nothing?
Thats just not reality.

 

It’s an entirely accurate representation of the decision. If you read it, it’s all in there.

 

accurate representation of decision, which does not mean it is a right decision.

If Tim Cook wanted to grow Apple 10x in 10 years, and for that wanted to buy off 10% of the company at current stock price, without any other compensation, based on yearly goals, all Apple investors would approve the deal, just like Teslas did.

Going back and saying it is a bad deal to give options in 2018 at 2018 stock price, based on 10x growth targets, is very ridiculous.

Also, the fact that judge thinks board of directors should be adversarial to their CEO, is also an ridiculous statement. This is not how companies are run. That might be how politics work, but not companies. If the CEO is presenting 10x growth plan based on which compensation is written up, what board is going to be adversarial? It makes no sense.

It only makes sense when you dont actually try to understand what happened - ie omg, Elon Musk was given 50b pay to run Tesla vs Elon Musks compensation package is tied to current stock price and crazy growth targets that have to be met to make a penny.

 

now compare this to usual news - companies laying off 2000 employees and stock tanking while CEOs are making billions in guaranteed payments.

Without looking what actually transpired, I was thinking he had some ridiculous sum guaranteed.

 

you have made endless negative comments about elon musk so it's fair to say you don't like the guy, lol. you also agree with the court that his compensation package was completely out of line, which i vehemently disagree with. he and the company put an 'impossible goal' out there and he and the company achieved it anyway, we should be singing his and their praises, not praising a kangaroo political court and a pathetic disgruntled shareholder for tearing him down.

me saying you don't like elon musk (based on your posts!) isn't personal imo. my post wasn't political either.

you are very eloquent and articulate writer for sure. respectfully i just don't buy the arguments a lot of the time even if they're 'obvious' to you. it's all good, just debating from different points of view.

 

California highway patrol shares video of Tesla Semi in action on closed icy road: 'These trucks are the real thing'

The rollout of Tesla’s Semi truck has been limited to around 100 vehicles, which is why seeing it perform out in the open is still a rare and fascinating experience.

Footage from the California Highway Patrol has added another layer to that interest, with the Semi tackling icy conditions on a closed road.

Electrek shared the video, noting that among the criticisms of the all-electric haulage vehicle is the fact it has been typically used on roads in California and Nevada by existing customers, including Pepsi and Tesla itself.

The conditions for driving in these areas aren’t so troubling for the truck, with typically dry roads and a favorable climate. But if Semis prove successful and are utilized in other states — or even if haulage routes require traveling through different areas with varying weather — they will need to prove they can handle tough situations such as icy roads.

In CHP’s video, the trailer might not have been having the best time, but the Semi itself handled the tricky road well, inching slowly forward while remaining in control.

The performance of Teslas in the cold is a hot topic, with questions surrounding battery performance in chilly temperatures and footage of Cyber Trucks unable to free themselves when stuck in the snow.

But judging by the video alone, the Semi came through unscathed.

The potential of the truck is encouraging for companies looking to reduce the pollution they produce when hauling goods. According to Transport & Environment, heavy-duty vehicles are “responsible for 27% of climate emissions from road transport in Europe, while only accounting for 2% of the vehicles on the road.”

In the United States, the Environmental Protection Agency says the freight transportation sector contributes 50% of nitrogen oxide pollution as well as 30% of volatile organic compounds and 20% of particulate matter.

“Within transportation, heavy-duty trucks are the fastest-growing contributor to emissions,” the EPA said.

That’s why Semi trucks, which produce zero tailpipe pollution on the road and can provide 500 miles of range on a single charge, could make such a difference in terms of limiting planet-warming pollution and reducing levels of particulate matter — which can cause respiratory and cardiovascular illnesses.

“When I was with the Tesla Semi team we used them to pull trailers stuck in the snow out in the yard that diesel trucks couldn’t budge,” one comment on Electrek read. “These trucks are the real thing.”

“Wow, the regenerative braking deceleration helps stabilize driving on ice,” another added. “One more advantage for electric cars!”

https://autos.yahoo.com/california-h...l?guccounter=1

 

@bitkahuna Elon didn’t create Tesla…just saying.

Also, I got my bonus today it was 25% short because of the market volume, I expect everybody who was concerned about Elon’s package to be incredibly upset and incredulous that they would do something like that to me.

PM me for addresses you can write to lol