73
That's an awfully worded title
this post was submitted on 09 Jun 2024
73 points (92.0% liked)
Enough Musk Spam
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I agree. The title reminds minds of the saying, "Knowing your shit" vs. "Knowing you're shit"
“A panda walks into a cafe. He orders a sandwich, eats it, then draws a gun and fires two shots in the air.
"Why?" asks the confused waiter, as the panda makes towards the exit. The panda produces a badly punctuated wildlife annual and tosses it over his shoulder.
"I'm a panda," he says, at the door. "Look it up."
The waiter turns to the relevant entry and, sure enough, finds an explanation.
Panda. Large black-and-white bear-like mammal, native to China. Eats, shoots and leaves.”
― Lynne Truss, Eats, Shoots & Leaves: The Zero Tolerance Approach to Punctuation
Very entertaining book, by the way. You wouldn't expect a book about punctuation to be entertaining, but it is.
They're deluding themselves if they think removing the word "had" to avoid a passive voice is better ("judge had struck down").
And his board is threatening if they don’t do so, they won’t get the attention they need from Musk to turn around a company facing its greatest trouble in several years.
Musk is probably the No.1 reason why Tesla is going down the drain at the moment. Getting him out could be the move that actually turns the companies' fate around for the better. So why spend corporate resources that could be used to invest in and improve the company and its products for that? He wants to the money out of Tesla to waste it on his hobbies like SpaceX and turning Twatter into an American Nazis for Führer Trump speech bubble.
Well he owns the board, and you’ll note that they aren’t talking about removing him for this.
It’s clear that they are instead communicating a threat from Elon, where he’ll tank the company further if we don’t pay him off!
SpaceX, I believe is now in a better spot financially then tesla. They are actually doing something productive. It’s a shame they are still under „leadership” of that human equivalent of a shit stain.
Musk has brought a lot of visibility to Tesla over the years, which it has benefited from, but make no mistake—he didn’t build Tesla. The engineers, scientists, developers and technicians at Tesla built Tesla.
Tesla has outgrown Musk. The board of directors, and the shareholders, need to see this and cut him loose. Let him grow SpaceX and xAI the way Tesla has. Let be an incubator and a hype machine—that’s what he’s good at—rather than an accelerator.
The world outgrew musk decades ago
We want those ideas, that energy and that time to be at Tesla, for the benefit of you, our owners.
This is the best argument one could make against the package. I wouldn’t want Musk anywhere near a company I had invested in. Let him be annoyed and insulted. I’m sure things run better when he’s not paying attention to the details.
Badly worded title, but I encourage a read. The whole thing is incredibly screwy, and if you haven't already I suggest look into the whole thing. A court in Delaware basically said that they couldn't approve the payout for Musk because of the lack of justification. So, they decide that they are going to move incorporation to Texas (probably not a great thing, but this is Musk, so....), but it probably won't happen until after the vote, which while they are pretty sure will pass (a looot of musk cultists on the board), but it's going to be a lot more close than they expected, in large part because the company is quickly approaching a dumpster fire after the cyber truck debacle, Musk becoming a laughing stock from buying Twitter, recent layoffs already hurting Tesla (he laid off the supercharger dept, which probably would be one of the most profitable avenues for the future of the company), and his growing fame for being transphobic/racist. Seriously, the more you learn about him, the more of a parallel you have to Henry Ford (that is most definitely not a complement).
I don't know if this site is reputable, but it lists Tesla's cash on hand as just under $27 billion. Burning through that and adding a mountain of debt, while sales are way down seems like it could send Tesla into a tailspin. They have 47,000 unsold cars. Not to mention Musk seems to keep screwing Tesla over to help Twitter.
Watching Musk drive Twitter into the ground should have set off alarm bells for investors.
Not to defend Musk, but the payout would be in stock options, so it wouldn't really cost Tesla any cash. But that volume of new shares would probably devaluate other shareholders' portfolio even faster that Musk's erratic leadership already has in the last couple years.
Besides, NO ONE deserves this kind of money. Ever. This level of payout shouldn't be normalized. I mean the guy doesn't even work full time for that company !
The legal opinions I’ve read have indicated that this vote will not affect the court’s decision and that Elon will not be getting the bonus at this time. The court is looking at additional issues related to governance, and the bonus will have to wait until the other issues are resolved.
In addition, TSLA has been missing its targets and hemorrhaging money. The share price has plummeted from peak values, and Elon has made raiding Tesla resources to fund his privately held ventures. He treats Tesla like his personal piggy bank rather as a public company to which he owes fiduciary responsibility, and because the board is filled with people loyal to Musk rather than the company, his behaviors have been allowed to run unchecked.