Elon Musk: Force for anthropic advancement or self-serving con-artist?

[PhroX]

No...
Can I interest you in cheaper feasable space travel and exploration?

Not really, there's far more important things to fix here on earth that a trillion dollars would go a hell of a long way to fixing.

But that's an aside to the point I was making. My point is that if you believe that Musk wants that money for anything other than being rich, you're incredibly naïve.

 

[Ordnael]

My point is that if you believe that Musk wants that money for anything other than being rich, you're incredibly naïve.

Ofc is wants to be rich...but he could've just hoarded all that money and bought a paradisiac islands and spend his days in the sun instead of moving around investing and employing folks.

 

[Samson]

Ofc is wants to be rich...but he could've just hoarded all that money and bough a paradisiac islands and spend his days in the sun instead of moving around investing and employing folks.

Indeed. That is true for anyone over some threshold far below the billion mark. Exactly what motivates these people to keep harming the world and their fellow humans when they already have more money than they can spend is one of the great tragic mysteries of our day.

I am reminded of this anecdote:

 

[Kaitzilla]

We can only hope.

The annual shareholder meeting is today in a few hours.
I think they will do the $1 trillion Musk vote today?

Just press the play button to watch endless Tesla hype.

**Edit**
They are not actually paying him $1 trillion dollars.

Tesla's Trillion-Dollar Crossroads: Musk's Pay Vote Rocks Markets | FinancialContent

Tesla's Trillion-Dollar Crossroads: Musk's Pay Vote Rocks Markets

markets.financialcontent.com

They will give him 35.3 million fresh shares of Tesla each time he hits 1 of 12 company milestones.

If all goals are met, it will be 423.7 million new shares of ownership of the company.
At current value of $444 per share (it varies between $180 and $450 the last 5 years), that is $187.8 billion worth of stock.

Where is the $1 trillion coming from?

Well, all the current shares added together (market cap) currently equals $1.48 trillion if sold at current ($444 dollars) value. (There are 3 billion 223 million shares)
The final goal requires a market cap of $8 trillion

Musk's 423.7 million new shares worth about $187.8 billion with x5.4 magical increase in value is $1 trillion 14 billion.


I really don't see how Musk can possibly do it.
They are a freaking car company.
Ford, GM, etc. all lose $5 billion per year trying to make electric vehicles.
Maybe if a breakthrough in solid state electric batteries occurs and they have 1000 mile range, 5 or 10 minute charging time, and no possibility of fires.

Something went insane for Tesla in 2020!

 

[Ordnael]

I wish one day I won't need a job and then I can become an intellectual.

 

[Broken_Erika]

Elon Musk's $1tn pay deal approved by Tesla shareholders​

Tesla shareholders have approved a record-breaking pay package for boss Elon Musk that could be worth nearly $1tn (£760bn).

The unprecedented deal recommended by the firm's board, cleared a vote from shareholders at the firm's annual general meeting on Thursday.

The deal requires Musk, who is already the world's richest man, to drastically raise the electric car firm's market value over a period of years. If he meets various targets, he will be rewarded with hundreds of millions of new shares.

The scale of the deal is controversial, but the Tesla board argued that Musk might leave the company if it was not approved - and that it could not afford to lose him.

The pay package was approved by 75% of Tesla shareholders who cast ballots, drawing loud applause from the audience at the AGM in Austin, Texas.

"What we're about to embark upon is not merely a new chapter of the future of Tesla, but a whole new book," Musk told the audience when he took the stage to more cheers.

"Other shareholder meetings are snoozefests but ours are bangers. Look at this. This is sick," Musk said.

The pay package requires Musk to achieve a series of milestones in order to achieve the massive payday.

These include raising Tesla's market value to $8.5tn from the $1.4tn at time of writing.

He would also need to get a million self-driving "Robotaxi" vehicles into commercial operation.
https://www.bbc.com/news/articles/cwyk6kvyxvzo