People Lashing Out Over Elon’s $1T Pay Package Look Pretty Silly

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There is a lot of outrage over Tesla shareholders approving a pay package that could make Elon Musk a trillionaire.  Much of the screaming is political but it reflects how little they know of the situation. Elon would have to create miracles to get the money.

Every penny of Elon Musk’s pay is tied to performance. He doesn’t take a salary. His extraordinary salary only comes through if he performs extraordinarily well, miraculously actually.

The billionaire haters are feasting on the news, and using it to trash billionaires.

That “trillion-dollar “pay package, which is really shares awarded to him based on performance metrics, only materializes if he delivers incredibly more value to shareholders than he reaps for himself.

Those shares could be worth about $1 trillion, assuming the company reaches the $8.5 trillion market cap needed to have Musk qualify for the full potential payout. In addition, Tesla needs to achieve a series of either operational or financial targets for him to get the full number of shares, which would be distributed in 12 equal blocks.

Getting all the shares available under this package over the next 10 years would be the equivalent of earning $275 million a day, dwarfing any other executive pay package in history.

For Tesla to reach the $8.5 trillion in market value needed, shares need to jump 466% from today’s stock price. That’s also about 70% higher than the world’s most valuable company, Nvidia, which hit a record $5 trillion market cap last week.

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Sua Sponte
Sua Sponte
46 minutes ago

Always hilarious to hear leftists whine about what people need. Why do you need this, why do you need that?!? You are not the arbiter of needs and wants, so, STFU and STFD. No one needs little whiny bit* hs either, yet here you are.