In a series of posts on X Monday night, Musk said that he would not want to grow Tesla to become a leader in artificial intelligence and robotics without a compensation plan that would give him ownership of around 25% of the company’s stock. That would be about double the roughly 13% stake he currently owns.
Just casually asking for a roughly 80 Billion dollar pay raise. But at this point would Tesla be better off without him?
Well, so much for the altruist Elon Musk who uses his genius intellect to make the world a better place out of the goodness of his heart and the shared benefit of humanity. if he actually gave a shit, he wouldn’t care if his compensation package was $1. He would supposedly be doing the work he is the most passionate about and cares the most about.
Nah. Richest man in the world says it’s more important that he gets paid first. He’s always been a fraud.
If you only read the headline (and maybe even this specific article) you miss the point.
He’s saying he doesn’t trust Tesla to develop AI/Robotics if he doesn’t have enough control (shares), as he’s afraid what they’ll do with AI otherwise, and without another compensation package that would give him that control, he’s going to hold Tesla back on the AI front and do it in a company he has control of (him saying this is probably breaking numerous laws as well, especially given he has an AI company)
It’s his same AI is going to doom the world if it’s not done right, and only I can protect us, though this isn’t really something new.
But as to your point, it isn’t actually about the money, it’s about more control of Tesla. He doesn’t actually care about the money and if there was a way to give him more voting control without giving him more shares, he’d be okay with that too, but that in itself isn’t a simple feat or necessarily possible.
But FUCK HIM, he gave up that control to piss it away on Twitter. If keeping control of Tesla was so important, you shouldn’t have fucked up, and fucked over all the shareholders in the process with Twitter.
Edit: Also - Even though he met every tranche of his existing compensation plan, it was a 10 year plan. It hasn’t been 10 years yet, so again, FUCK OFF, until those 10 years are up.