Wow, Elon's really earning that 45 ~~million~~ billion pay package. 🙄
Edited to fix the number -- thanks @[email protected] !
this post was submitted on 24 Jul 2024
294 points (96.8% liked)
Technology
59111 readers
5621 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
Add three more zeros to that number, friend.
Did that comp package actually get passed by the board? If so: Lmao jesus christ every single one of those fuckers deserves to be absolutely fleeced
Yikes, it's even worse than I thought!
Maybe it's because the Cybertruck is a piece of shit, and so is Elon
I honestly don't know how their stock hasn't completely tanked, one clusterfuck after another. Quality is shit, the Cyber Truck is all but finished, CEO is fruity, etc.
And to top it off, they struggle to produce the product. Seems everything is on a waiting list.
Stock valuations are based on Wall Street feefees, not the actual economic performance of a company. Even if said economic performance is shit, it only affects stock prices as much as institutional bankers feel like it should.
It's basically a casino run by the super rich, and people in the US get their retirements in its chips.
You’re not wrong but Tesla is probably more of a meme stock at this point. We might not be able to blame Wall Street for this one. There’s a lot of retail investors in Tesla stock because they think Elon is a super brain genius despite all evidence to the contrary.
I’m not in the US and I also get most of my retirement in stock market casino chips
Can Tesla cars still run client-side ~~if~~ when the grift cycle completes and Tesla goes bankrupt?
you dont need a cellular connection for it to function, just a decent chunk of its software options would stop working (for obvious reasons). and the built in maps would stop updating
A friend of mine recently told me that your seat position is stored server-side in case you own multiple Teslas, so if Tesla goes belly up, it's possible you won't be able to save your seat settings.
If you think that's the worst that will happen whether or not they fold...
1.4b profit/quarter is just under 6b/year. How did he justify his 57b (ish) compensation package? Are Tesla shareholders morons?
You aren't giving Elon enough money. Sacrifice another 47 billion to your weird terfy god.
LOL Shareholders stupidly granted Musk a $56 billion bonus.
At the rate of this quarterly earning, it will take almost 10 years just to earn that back. 🤣 🤣 🤣
https://www.reuters.com/business/autos-transportation/musk-says-both-tesla-shareholder-resolutions-passing-by-wide-margins-2024-06-13/
It should be highly illegal to pay anyone double a company's revenue let alone income
And shareholders approved that massive pay package lol
Delaware judge had a backbone... It doesn't happen often it was refreshing to see somebody taking a stand on this clown regime
the company said it earned $1.48 billion in net income on $25.5 billion in revenue
definitely worth $47 billion bonus :D
47 Billion was the old one, that was declared illegal by court of law.
The new one passed by stockholders is 56 Billion.
At the rate of this result, it will take almost 10 years of Tesla profits, just to pay Musk his bonus!!
But Elon is surely worth the highest salary ever given huh?
Elon is tanking this company.
I imagine it becomes a bit hard to care when you have both a literal and figurative line of people out the door waiting to suck your dick every day. While I admittedly appreciate the Jumpstart Tesla gave EV development, it's. Now time for it to die.
Status is all that people like Elon have left. When you can have anyhting, that's the only thing left for you to try to gain.
He 100% cares at being seen as incompetent. He won't ever go hungry again, but he will get up in his feels about this shit.
Pretty sure he never went hungry in the first place. If he cares about being seen as incompetent he sure doesn't seem to be showing it.
Are they still in the black? Yes? Then they have been ripping everyone off.
Womp womp
Haha get fucked muskrat
Oh no .. oh wait, I don't give a fuck.
Prices on EVs were crazy high following COVID, I'm glad they're finally coming down.
Prices on all cars were crazy high, not just EVs.
Prices on all cars were crazy high, not just EVs.
Were? They suddenly became sensibly priced? Guess I wasn't paying attention.
Lol...
People didn't like when Trump tried to interfere with the government. This is the consequences of Elons allegiance to trump & maga