Posted on 11/06/2025 11:07:12 PM PST by RandFan
Tesla shareholders on Thursday approved a plan that could make Elon Musk the world’s first trillionaire, two days after New Yorkers elected a tax-the-rich candidate as their next mayor.
These discrete moments offered strikingly different lessons about America and who deserves how much of its wealth.
At Tesla, based in the Austin, Texas, area, shareholders have largely bought into a winner-takes-all version of capitalism, agreeing by a wide margin to give Mr. Musk shares worth almost a trillion dollars if the company under his management achieves ambitious financial and operational goals over the next decade.
(Excerpt) Read more at nytimes.com ...
Dear FRiends,
We need your continuing support to keep FR funded. Your donations are our sole source of funding. No sugar daddies, no advertisers, no paid memberships, no commercial sales, no gimmicks, no tax subsidies. No spam, no pop-ups, no ad trackers.
If you enjoy using FR and agree it's a worthwhile endeavor, please consider making a contribution today:
Click here: to donate by Credit Card
Or here: to donate by PayPal
Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794
Thank you very much and God bless you,
Jim
From the snippets:
- 1 trillion IF in the NEXT DECADE Tesla meets all KPIs.
- It means, it is conditional to something, not necessarily met.
If other billionaires increase their assets over next decade, with inflation, Ellon may not be the only trillionaire in 2035.
The commies again with the zero sum fallacy.
“These discrete moments offered strikingly different lessons about America and who deserves how much of its wealth.”
Its wealth??
The wealth belongs to the person who earned it!!
All of the media’s pearl-clutching about Elon’s “trillion dollar pay package” is so silly. Tesla will have to meet some wildly ambitious goals for Musk to be paid anywhere near that amount. And if he does, his shareholders will be thrilled.
As a shareholder in dozens of publicly traded companies, I suppose that I’m in the class of folks who are “hurt” by excessive executive pay. In reality, I have no problem whatsoever for rewarding executives who are making money for me. For example, I own AAPL stock. Over the past 5 years, Tim Cook has exactly tripled my money (3X), which I consider a spectacular rate of return. So whatever AAPL is paying Tim Cook isn’t nearly enough by my reckoning. He deserves more. Conversely, I also own Target stock. The company and the stock have been stagnant over the past five years. My TGT stock is worth 34% less than it was 5 years about (0.66X), so whatever they’re paying the CEO, it’s actually too much. Rather than build wealth for me, he has destroyed it.
Texas fiddles while NYC burns.
What Musk must do: to get the trillion...
- Deliver 20 million vehicles cumulatively within the 10-year grant period.
- Achieve 10 million active paid Full Self-Driving (FSD) subscriptions cumulatively by the end of the grant period.
- Produce and deliver 1 million Optimus humanoid robots during the 10-year grant period.
- Deploy 1 million robotaxis in commercial operation during the 10-year grant period.
- Increase Tesla’s market capitalization in 12 stepwise tranches from $2 trillion to $8.5 trillion, with each tranche vesting only when both a market-cap threshold and a paired operational or profitability milestone are met.
- Generate adjusted EBITDA/earnings of ~$400 billion in one year.
If he’s able to deliver all that, he deserves it!
Yup.
Very hard goals to meet.
If he does, shareholders will make far more money than Musk does.
the santification of the rich is why we have 1% owning most of the world while billions still have outdoor plumbing,if that.
wake up..we've been swindled and schemed out of our money thru taxes upon taxes....most rich got there thru govt assistance for their "friends" ..
Look, some people can run a big company well, and some people can’t. When a company like Apple or Costco triples its profits over the course of 5 years, that didn’t happen by accident. It was due to good management. It’s not about “the rich being producers,” it’s about hiring the right people to manage the shareholders’ investment. When you triple a multibillion-dollar business in 5 years, please let me know and I’ll start taking your opinion on this topic seriously.
He is NOT getting paid $1 Trillion for just “doing his job.” The hurdles he has to clear in order to get MOST of that money are high…and over a long period.
If he does perform to the point where he gets the money, shareholders will have gained about 8X as much. It’s not a bad gamble.
Yup, HIDEK6 nails it.
There is so much anti-capitalism stirred into this NYT screed that it screams communism.
I expect some judge in Delaware is going to make a contrary ruling on this sometime today or at least before any money is moved.
He deserves every penny.
Just finished my first Robotaxi ride.
- 25 minute drive
- Zero ride issues
- incredible app experience
- 4x cheaper than uber
I gotta buy more TSLA
https://x.com/DevinOlsenn/status/1986302774519447780?t=cT4d4__lRX3Z4NiUSNAXIQ&s=19
I don’t care how how rich he is because he did not acquire it by theft, forced labor, or monopoly.
Like in NJ or Delaware, can’t recall which state, a local judge will halt it on behalf of a single stockholder.
Ah, Deleware. Yeah. Stockholders voted twice on a package. The judge stepped in and stopped it. Said it was unfair.
Capitalism and Democracy died in Delaware. Every company incorporated in that corrupt state needs to leave now. Over half of their state economy is on fees paid just to incorporate there. Get out and ruin the state.
Accountability.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.