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Tesla Shareholders Approve Musk's $56 Billion Pay Package in Early Voting (www.ibtimes.co.uk)

submitted 4 months ago by boem@lemmy.world to c/technology@lemmy.world

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[–] SturgiesYrFase@lemmy.ml 68 points 4 months ago (3 children)

Wait...when did it go from 46 to 56?

And also...do the "shareholders" think this will improve the value of the company? Isn't it more than half of their revenue? Wouldn't this actually be a really bad thing for Tesla's value? Isn't Tesla one of the few EV producers with quickly dropping sales figures? Are the shareholders actually just Mlon Eusk? Enquiring minds want to know!

[–] lurker8008@lemmy.world 52 points 4 months ago (3 children)

Those idiots decided to throw away their money to a grifter, who are we to judge? Let them drive the company to the ground, plenty of EV producers actually making good cars.

[–] SturgiesYrFase@lemmy.ml 15 points 4 months ago

I'd be fine with all them diamond handing their way to bankruptcy, if it didn't help enrich that dickhead musk.

[–] Whirling_Cloudburst@lemmy.world 9 points 4 months ago

They turned on the fully automated self driving feature and now they cannot turn it off.

[–] doodledup@lemmy.world -1 points 4 months ago (1 children)

Yes.

[–] SturgiesYrFase@lemmy.ml -3 points 4 months ago

That's the kinda attitude that takes you places, yer gonna go far kid!

[+] NuXCOM_90Percent@lemmy.zip -8 points 4 months ago (2 children)

I mean, this is actually probably the "right" decision from a shareholder perspective.

Delaware is still going to stop that bribe any time soon. But this way the stock won't tank when musk guts the company out of spite and they can sell off their shares over the next few weeks/months.

Horrible for the company but... that company was already fucked.

[–] SturgiesYrFase@lemmy.ml 10 points 4 months ago (1 children)

I'm not super well versed with economics, could you eli5 how it's a good decision for the shareholders? Not being snarky, I'd actually like to know.

[–] NuXCOM_90Percent@lemmy.zip -5 points 4 months ago (1 children)

...

Delaware is still going to stop that bribe any time soon. But this way the stock won’t tank when musk guts the company out of spite and they can sell off their shares over the next few weeks/months.

Horrible for the company but… that company was already fucked.

[–] SturgiesYrFase@lemmy.ml 3 points 4 months ago

Shhhhh....I haven't been up for 18hrs, and I certainly haven't been drinking. Just....just shhhhhhh.

[–] Serinus@lemmy.world 2 points 4 months ago

One of the votes is moving from Delaware to Texas. So enjoy that Texas judge.