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Tesla CEO Elon Musk could leave if $56 billion pay package not approved, shareholders warned
(www.theverge.com)
this post was submitted on 07 Jun 2024
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The catch is that Tesla has a bunch of problems that might cause the company to be in serious trouble soon, and if musk leaves before the company starts tanking then we'll have to hear endless bullshit from people about how musk was so great that he single handedly was what kept the company going.
It's a sacrifice I'm willing to make it that means musk is given a "fuck off" instead of 56 billions.
His other ventures will show he's not the Tony Stark level genius some thought years ago, so it's a temporary problem anyway.
If the company really tanks even after saving 56 billion dollars that they could spend on literally anything else to improve their products, maybe they shouldn’t be a company anymore.
They really never should have been worth more than the rest of the auto industry, that’s for sure.
He’s more like a Phony Stark level “genius”.
Eh, the company is already in severe trouble.
Whilst Elon was playing dumbass with that cyber truck monstrosity that can only be sold in a select few countries because it's so fucking dangerous, Tesla lost the entire headstart it had. It has a very limited set of older models for sale that only really are interesting for people with money. Meanwhile China is here now with loads of cheap EV cars. Then there are fraud investigations that will turn bad as musk has for years been promising lies. See Theranos for an example on how that would work.
I could go on for a long time, but suffice to say, Tesla will be bankrupt within 3 years and so will musk.
That's my exact point. Tesla's house of cards is about to fall and if elon leaves before it happens then idiots will say it crashed because he left, rather than the truth which is that he's the one who put it in that position of an inevitable fall. Though in 3 years i don't think it'll go bankrupt, it'll just be much worse off