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.
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!
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.
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.
I don’t care how how rich he is because he did not acquire it by theft, forced labor, or monopoly.