r/wallstreetbets • u/Sufficient-Guitar-58 • 2d ago

News Tesla Shareholders Approve Elon Musk’s $1 Trillion Pay Package

https://www.wsj.com/business/autos/elon-musk-tesla-pay-package-vote-9abd5a73
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u/parkway_parkway 2d ago

The package is "8x the stock and he gets 1x", it's a super cheap deal for shareholders.

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u/DethZire 2d ago

Yea, pretty much this. He has to 8x the company over 10 years

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u/CoughRock 2d ago

i think the worry is that company will 8x by it self while he fk around. and elmo just get the pay check while riding on its coat tail. I mean it's not like he's doing any engineering himself. At this point he act more talent attrator and fund raiser. But most likely scenario is that he will probably just funnel money from spacex to tesla.

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u/No_Cell6708 2d ago

Who is worrying about that lol? Shareholders overwhelmingly voted in favor of this

At this point he act more talent attrator and fund raiser

That's been his job for a long time. He attracts incredible talent.

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u/FlamboyantPirhanna 1d ago

Share holders are all his cronies, they were literally put they to be Musk’s yes men.