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Tesla chair says Elon Musk needs $46 billion pay plan to stay motivated
(arstechnica.com)
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this post was submitted on 07 Jun 2024
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I stopped considering a Tesla because of him. His leaving would have to help sales a bit.
Honestly I wish he would 'leave' SpaceX too.
~~I caught his livestream for the latest Starship launch, and he literally introduced the event with a 10-minute speech on "saving your life" by buying crypto, and how they would match your crypto if you used his link or something. WTF was all that, and WTF did that have to do with SpaceX.~~ --So that was a scam/fake video, but my top comment is still how I feel!
You are the victim of YouTube scam channels pretending to be SpaceX...
SpaceX no longer streams on YouTube anymore, so anything you see will be fake.
It's also disappointing YouTube is so bad at catching these. During IFT4 that was literally the most watched stream, had more viewers than Everyday Astronaut for example.
EDIT: holy shit - I tried googling it since i thought I was taking crazy pills, and it says that was an AI-video that dubbed over elon?!
I consider myself pretty keen on scam stuff (well... I didn't buy any crypto so I guess I'm still good here) but man when I saw it I just shook my head an ignored it. I didn't realize it was fake.
wow.
also, to be fair, he has been a proponent of crypto in the past.
Pump&Dump?
Musk bought into some shitcoin that crashed before he made profit, so even if he gives half away, the slight boost on price will let him dump the rest for less losses... Maybe?
The problem is that Tesla is essentially just a pump and dump masquerading as a car company. Their market cap is simply absurd and based on nothing other than Musk's personality cult. If Musk leaves the company gor whatever reason, the stock will crash and the company will go bankrupt. They have an obscene amount of debt that is backed by Tesla stock, so once thier stock falls below a certain price, all thos loans will demand their loneu back
I'm willing to bet the payday is so he can get his money without selling the stock. If the stock is artificially inflated the balloon will pop eventually. He's at least smart enough to know that.
Same. I bought stock in it when it IPO'd because he made a good road map that his engineers could get to and they made great use of government funding. He largely just seemed like an awkward nerd. The Thai cave rescue was the instance where I thought there was something seriously wrong with the dude. He decided to have a sub built even though nobody asked him to and the thing did not fit. Then he called one of the rescuers a pedophile. And not just as an odd insult; he doubled down on the claim. Since then it just seems he has been continually seeking attention.
As for the company, their poor quality control was understandable 10 years ago but it's still pretty fucking bad and I honestly think he is a big part of that. I recall watching a documentary a long time ago where the producer was talking to Musk about some of the challenges of making the Roadster. They were in a warehouse that had a couple dozen that had been inspected. Musk looked at the notes on one and it had a pretty major issue that would likely pop up but he was going to ship it anyway. The producer looked at it and noticed that they were looking at the car that would be going to him. Musk very awkwardly backpedaled. It sends that willingness to overlook major flaws has not left.
I was interested in Tesla when it was first getting big. But lost interest fast due to him. I would say you couldn't pay me to own one, but if there's 46 billion just burning a hole in someone pocket, well fuck, for a billion dollars I'll be interested and for 2 billion I'll own it.