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Tesla Board Freaking Out That Elon's Huge Pay Pkg Could be Rejected (www.theverge.com)

submitted 4 months ago by [email protected] to c/[email protected]

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Pony up boys.

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[–] [email protected] 8 points 4 months ago (1 children)

Because Tesla isn't a car company, and they know it. Tesla's entire profit is based on selling carbon credits to other car makers, and those other car makers aren't buying anymore and Tesla's sales are dropping hard.

The only thing keeping Tesla afloat is investors, and Musk has an amazing talent in lying to people to get them to hand over money. That money can then be turned into pay and bonuses for the board.

So yeah, the more money Musk can bring in, the more they get paid. The more Musk can inflate the share price, the more their options are worth.

It's important to remember the board isn't rewarded for building a solid company, they're rewarded for a high share price, and failing that, they still get paid.

[–] [email protected] 3 points 4 months ago

Musk doesn’t have a talent in fuckin’ anything. He just normally lied to people at the beginning and hasn’t stopped making the same claims, or dumber ones. The only people who fall for it are complete morons and that just shows even more than ever how far from important decisions the 1% should be.