So how, exactly, can someone wistfully lament Musk having to work 14 hour days because he has to manage four businesses,without acknowledging that by definition this must mean that he can't be paying anything like his full attention to the one that he wants to pay him $56 billion?

And back to Musk having to work 14 hour days, how much time might Musk have had to deliver value for Tesla shareholders to begin to justify the compensation award if valuable time wasn't being spent posting questionable material on twitter, engaging in other pointless interactions on twitter and falling out with his customers on twitter?

How can someone credibly bemoan the waste of the supposed $5bn in legal fees by pointing out how much R&D that $5bn would have funded, yet not acknowledge the small matter of just how much R&D the $56bn that Musk wanted Tesla to pay him would have funded?

And let's also recognize the sleight of hand in lamenting Musk supposedly now having to work for free because of the judgment when, in actuality, he will be paid when the Tesla board and compensation committee do their job and implement a revised plan that doesn't breach all kinds of fiduciary duty to shareholders.

Exactly, the idea that we as ordinary people should be worried about the pay of a billionaire CEO is absurd. “He might leave” why do we care?

As someone who has started multiple businesses, I’ve done LOTS of work without getting paid.

And he gets paid, don’t be silly. He gets massive amounts of stock that is incredibly valuable with huge tax advantages. He didn’t become the worlds richest person by not getting paid lol

I simply cannot describe how little I care about what Elon or any CEO gets paid. “It might hurt the stock” okay, and again why do I care? I’ll sell it and move on to other stock. Might actually create an opportunity for investors to make more money.

This is just another example of the very strange attachment some people have to this person.

Yeah, if I want a Billion dollar compensation package, then 14 hour days it is.

The founder of my company who is well known in the Biotech/Medical device world put 10 years of his life...without pay into the company I work for. Founded as a private company in 2008, he didn't have any stock options, and whatever equity he had he put it in from his own pocket. I would get emails and calls from him at 3am if something wasn't working, if he couldn't send an email etc. Dude works almost 24 hours a day. He sends his family on vacations without him because he can't spend 5 minutes not working. If you want, I can drop his name in PM, I don't want to put in this post.

To make the kind of money Elon makes and be in the public eye the way he is, there are many sacrifices you have to make, like working ling hours, getting sued, and people hating you. If he can't handle his $56 B compensation package getting rejected, than maybe this is not the line of work for him.

You are 100 percent correct. I wouldn't want to be in his shoes or have his problems, which is why I'm happy not being a billionaire. And don't get me wrong, he should get what's owed to him and shouldn't have to work for free, which essentially is impossible as he's the wealthiest human being in world, right above Bezos

Tesla Model S/X deliveries being pushed back ahead of upgrades

Tesla has pushed back delivery timelines for multiple Model S and X orders, coming ahead of new upgrades rumored to hit the sedan and SUV.

Multiple people with orders for the Model S or Model X have noticed that their delivery timelines were pushed back in recent weeks, with one user saying his Model S order is now targeting an estimated delivery between April 24 and June 19, after originally being estimated for March.

Teslascope said on Sunday that while the change didn’t appear to affect all Model S and X orders at this time, their account had been tagged and messaged by nearly a dozen people saying that theirs had been delayed by a few weeks minimum. The statement also comes just a few days after the account reported that Model S and X units will start delivering with RGB ambient lighting, a front bumper camera and other notable upgrades.



Those who are seeing their orders delayed could be set to receive the upgrades, as Teslascope explains. In addition to the ambient lighting and front bumper camera, Tesla recently began rolling out a new Model S and Model X steering yoke, featuring a highly requested center horn button, and improvements to its stitching and build quality.

Tesla launched an upgraded Model 3 refresh, dubbed “Highland” by some, in North America in January, after debuting the highly anticipated redesign in European countries, China and elsewhere last year. The refreshed design includes a similar RGB ambient lighting to what has been reported to be included on the upcoming Model S and X vehicles. The Cybertruck also has a similar ambient lighting strip.

Previous reports have suggested that the upgraded Model 3 wasn’t the first of Tesla’s vehicles planned to get ambient lighting, with 2022 versions of the Model S and X having been equipped with wiring harnesses for the LED lighting strip.

Tesla also rolled out the ambient lighting strip in Gigafactory Shanghai-built Model Y units, though they haven’t yet been spotted on U.S.-made versions of the vehicle. While many await the expected Model Y “Juniper” refresh design, Tesla said during its 2023 earnings call that a redesigned Model Y wouldn’t be arriving in North America this year.


https://www.teslarati.com/tesla-mode...shed-upgrades/

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. :p

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.