“$55B To $650B” - Elon Musk Bets On Himself, Due $56B Bonus As Tesla Valuation SKYROCKETS

Elon Musk's $56 billion pay package from Tesla, voided by a Delaware judge in January 2024, is up for a shareholder vote on June 13, 2024. The package was deemed unfair due to Musk's influence over the board. Despite this, Tesla argues Musk has increased the company's value 11-fold since 2018, justifying the compensation.
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Patrick Bet-David is the founder and CEO of Valuetainment Media. He is the author of the #1 Wall Street Journal Bestseller “Your Next Five Moves” (Simon & Schuster) and a father of 2 boys and 2 girls. He currently resides in Ft. Lauderdale, Florida.

[margaretvasquez-rivera]

Why does this judge have the right to decide?

[TurdFergusen]

it was ALL or none… the dude has put his almost entire net worth on the line multiple times… NO golden parachute, it was do or die

[BINDERANDREAULRIKE]

I believe investors should focus on under-the-radar stocks, especially given the present rollercoaster nature of the stock market. 35% of my $270, 000 portfolio consists of collapsing stocks that were previously respected, and I don't know where to go from here.

[mohammedomer]

Not a first for Elon. He also invested his entire payout from the sale of PayPal to ebay into Tesla & SpaceX. Went super well for him. They need to pay him asap.

[dinkeeinvestmentsllc]

Imagine buying powerball tickets everyday for 30 years and you finally win 100 million and out of no where your in court with a judge saying you can't hand the money because the jackpot is too large

[danijayyy]

It’s insane how many people are of the opinion that making $56B is unethical, but find it completely ethical for that money to be taken away from them.

[ScottyLo]

I’m all for Elon getting his money. He is the hardest working person out there and he fulfilled his end of the deal. Pay the man

[briankline]

I already voted for him to get his money, it’s completely ridiculous for a judge to do this.

[AmithKaury]

I would have made same bet also. Presently, I have a 3 fund portfolio consisting of 33% S&P, 33% Total stock, and 33% international. I feel a need to focus on complete growth so I went 100% stocks, but does the SP500 and TSM overlap too much to make sense holding both? However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait but watching my portfolio dwindle away is such an eye -sore.

[Broomtwo]

Doesn't get much more straightforward than a literal contract they all agreed on.

[ldelcors]

I voted for Elon getting paid.

EXACTLY CORRECT! They want to limit what Elon can buy!

[Manis-World]

He delivered on what he promised.. like any straightforward contract.

Pay the man!

[Brandon-ygmw]

To anyone who thinks he's just greedy no, he wants to take that 60 BIL and reinvest it into developing space X or Tesla. He's mad because that money is supposed to go to more technology development.

[Asti]

David Chappell had the same issue. A contract is a contract

The board is foul

[starscream]

I don't care what Judge it is, how the ***k can they deny him his pay??

[Asti]

David Chappell had the same issue. A contract is a contract

The board is foul

Contract is a contract. I hate how they do Tesla

[goldreverre]

Don't forget, it's not actually "PAY"... It was options that has already been expensed as each milestone was reached.

[allthingsbrilliant]

Elon Musk isn't getting a $55B cash payout. The $55B figure is related to a compensation package that includes stock options, not cash. The package was intended to incentivize Musk to achieve certain performance goals for Tesla, such as increasing its market value and meeting operational milestones.

[cdtbzsq]

I am for the value of your word. A contract is a contract. If they made the contract, then they must pay.

[fishertheadore]

I don't get this Story, if He did Exactly what He was supposed to do then He should be *Awarded* with what He was Promised. That's how you do good Business.