A shareholder with 9 shares screws Musk out of 55 Billion

And Elon is angry because currently TSLA doesn't "qualify" for Magnificent Seven status, LLY kicks it to the curb from top 7 largest lol:

https://x.com/sam_gatlin/status/1753229185928073532?s=20

! No Mag 7.jpg
 
Cuddles said:
Someone should tell the genius:

https://twitter.com/x/status/1752491924848820595
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Funny thing is that I read a breakdown of the judgment from a lawyer, and this stunt that Elon is pulling is exactly more proof of how he has the board wrapped around his finger. This is the last thing Elon should be doing if he wants to appeal because it proves that the board isn't independent and he is pulling all the strings.
 
NoahA said:
Funny thing is that I read a breakdown of the judgment from a lawyer, and this stunt that Elon is pulling is exactly more proof of how he has the board wrapped around his finger. This is the last thing Elon should be doing if he wants to appeal because it proves that the board isn't independent and he is pulling all the strings.
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SEC gonna SEC...

upload_2024-2-2_11-2-57.png
 
jys78 said:
It was to be his share of overall increased value. Remember, this compensation was contingent on certain metrics including share prices targets that many at the time said were insane/impossible. Now they are trying to punish him for executing and bringing shareholders along for the ride?!
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If the 55BN was part of a pay package that he had in writing .....he should receive it.

It's a lot of money, but if it's in the contract.....
 
engineering said:
This just looks like more government retaliation against Musk.
The rationale is somewhat ridiculous given that there was a shareholder vote.

If it was just board members for I could understand, but avoiding an action passed by the shareholders is crazy.

I'm not the world's biggest Musk fan, but it would be crazy not to appeal and also look into this judge and how close the relationships she has are with the people who got her, her job. Maybeusk could get her salary voided too.
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Much of Musk's income comes from big fat tax breaks, remember. YOU pay for his antics
 
Windlesham1 said:
Much of Musk's income comes from big fat tax breaks, remember. YOU pay for his antics
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Every corporation gets tax breaks.

They may get a reduction in real estate taxes for 20 years, or the city might make improvements in infrastructure.
It's done all the time.
But, the new jobs that are created provide revenue from other taxes, and the workers spend the money they make in the local community.

Everyone does it.
 
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