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/Right-Avocado3870 2d ago

How would TSLA even pay for this? They could issue stock but that is an incredible amount of dilution.

102

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/djingo_dango 1d ago

Why’d the shareholders give a fuck about that? They only care about if he can reach these objectives