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Tesla, $1 trillion pay for Musk, and US democracy

Craig234

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Tesla IIRC paid Musk $54 billion. Then it paid him $27 billion. Now it's voting on a $1 trillion payment, at least with some conditions. Musk was IIRC trump's biggest donor, quite possibly allowing him to win and Republicans to win, spending about $100-$300 million, about 2/10000 of $1 trillion, which let him run wild slashing critical spending, with a stated goal to cut $2 trillion falling far short. It allows the corruption of our government.

Tesla to award Musk an unparalleled $1 trillion - depending on performance

Tesla's board has proposed a $1 trillion compensation plan for CEO Elon Musk in what would be the largest corporate pay package in history, underscoring the hold Musk has over the carmaker as it attempts to transform into an AI and robotics powerhouse.
www.reuters.com
 
That's patently insane and blatantly unmerited, particularly as the whole of Tesla is barely worth more than 1 trillion, and that's at an extremely and absurdly inflated valuation with a PE of nearly 200 and declining earnings and sales, lol.

Aside from clearly unparalleled greed, I suspect he's pushing for it so he can have the title of the world's first trillionaire.
 
In no world is Tesla worth that much.
 
Surrealistik said:
That's patently insane and blatantly unmerited, particularly as the whole of Tesla is barely worth more than 1 trillion, and that's at an extremely and absurdly inflated valuation with a PE of nearly 200 and declining earnings and sales, lol.
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Yet the stock is up over 50% the last year, despite the global distaste for the brand, as Google AI says, "Tesla sales are declining significantly, with 2025 showing a notable drop in sales and market share in the US and Europe compared to prior years..."
 
Yeah, on the back of pure speculation and cult-like hopium regarding its robotics and autotaxis, which are almost certain to be flops; particularly the latter where Tesla is far behind (as in probably close to a decade behind) existing industry mainstays such as Waymo.
 
Musk has done more to make EVs a real thing than any other person on the planet. Not sure if that's worth a trillion, but if I was going to buy an EV, I'd start at the Tesla dealership.
 
eman623 said:
Musk has done more to make EVs a real thing than any other person on the planet. Not sure if that's worth a trillion, but if I was going to buy an EV, I'd start at the Tesla dealership.
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China is making the EV’s that the world is going to buy.

The US ceded that market so the oil companies could continue to maximize their shareholder value.
 
Jezcoe said:
China is making the EV’s that the world is going to buy.
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I don’t think so. Musk was able to put EVs on the map because he advanced the technology and successfully combined function with aesthetics. Chinese EVs are dirt cheap and they look it.
 
Napoleon said:
I don’t think so. Musk was able to put EVs on the map because he advanced the technology and successfully combined function with aesthetics. Chinese EVs are dirt cheap and they look it.
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China is the world’s biggest EV market and are exporting tons of vehicles.

We have to stop thinking of China as a place where cheap stuff is made.

Their manufacturing base is one of the most advanced in the world.
 
Jezcoe said:
China is the world’s biggest EV market and are exporting tons of vehicles.

We have to stop thinking of China as a place where cheap stuff is made.

Their manufacturing base is one of the most advanced in the world.
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But it is cheap. You can buy a Chinese EV for under $2,000. And that’s fine if all you care about is function.
 
Napoleon said:
But it is cheap. You can buy a Chinese EV for under $2,000.
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Yeah. That doesn’t mean that they are terrible vehicles.

BYD cars are well reviewed and well liked cars.

They are going to be the EV that the world is going to use… not Tesla.

It didn’t have to be that way. The US made a decision to not pursue what the world wants because it would have cut into the oil company’s bottom line.
 
Jezcoe said:
It didn’t have to be that way. The US made a decision to not pursue what the world wants because it would have cut into the oil company’s bottom line.
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And trump told oil companies, give him $1 billion and they could have the policies they want.
 
Everyone who supports edolf's megaraise should go trade their pickups for a Deplorean today.
 
I didn’t say they were terrible vehicles. I just pointed out that function isn’t the only thing that matters in the Western market. Westerners care as much if not more about aesthetics which is why China isn’t dominating the world in EV despite having functional and cheap cars. It works, but they’re uncomfortable and comedically tiny and people in the West don’t want to buy something that looks like it should be circling a ring with 50 clowns packed inside.
 
The world is more than the US and Europe does not have the fetish for large vehicles that we do.
 
Jezcoe said:
The world is more than the US and Europe does not have the fetish for large vehicles that we do.
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Europe does have an eye for aesthetics which is why they’re not falling over each other to buy a $2,000 tiny Chinese EV.
 
Jezcoe said:
China is making the EV’s that the world is going to buy.

The US ceded that market so the oil companies could continue to maximize their shareholder value.
Click to expand...
China is using their usual predatory practices and flooding the market worth cheap shoddy heavily subsidized EVs to drive (no pun intended) the competition into bankruptcy. It won't work. The world is on to that game and will tariff the shit out if their shit cars.
 
BYD is everywhere except the US and Canada.

They aren’t “shit” cars.

Believe that they are to the peril of US auto manufacturing.

I mean… if only we have an example from the past where an Asian country was making the vehicles that the consumer actually wanted that were well built and affordable and not the giant land yachts that are poorly built.
 
eman623 said:
Musk has done more to make EVs a real thing than any other person on the planet. Not sure if that's worth a trillion, but if I was going to buy an EV, I'd start at the Tesla dealership.
Click to expand...
And that would be a mistake.
 
Napoleon said:
That is the Yangwang U9 coming in at a delightful $160,000 for the base model. The only advantage China has is price and 160 grand ain’t it.
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Aesthetics was your argument. Your argument fails.
 
Michael Cole said:
Aesthetics was your argument. Your argument fails.
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Your argument fails if you think a $160,000 Chinese EV - only 88 of which have actually been made in the last two years - is going to storm the European or American market.
 
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