KEY POINTS
Tesla’s board is asking investors to approve yet another outsized pay plan for CEO Elon Musk, according to a financial filing out Friday.
The full award would give Musk more than 423 million additional shares.
The company will also ask shareholders to vote on whether the automaker should invest in Musk’s artificial intelligence company, xAI.
Are there any non-sycophantic shareholders left?
I assume this will be approved.
Tesla’s board is asking investors to approve a new pay plan for CEO Elon Musk worth about $975 billion.
Insanity
It’s so strange, currently musks name and ties to tesla have done the brand immense harm … yet they keep rewarding him.
Most of the board is made up by his kith and kin, the usual financial pressures to stop this shit basically don’t apply.
Why would you be a Tesla stock holder? I mean it seems like your entire existence is just be the idiot left holding the bag for Elon Musk. You exist to be exploited by this man.
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sludge fund
