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Elon Musk’s $56bn Tesla pay package is too much, judge rules (www.theguardian.com)

submitted 7 months ago by [email protected] to c/[email protected]

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Elon Musk’s $56bn Tesla pay package is too much, judge rules::Judge ruled his pay – six times larger than the combined pay of the 200 highest-paid executives in 2021 – was set inappropriately

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[–] [email protected] 5 points 7 months ago (1 children)

Anyone have any idea what this means for his affairs, e.g. Twitter funding?

[–] [email protected] 4 points 7 months ago

Most likely nothing to do with Twitter. He asked for 25% of shares of Tesla so he can, along with his other buddies, be in control of it. Purchase of Twitter and various other failures made him sell almost all the stocks he had. He's currently sitting at around 13%. But it is possible there's some payment coming for his Twitter loan and he's shit out of luck but doesn't want to sell more stocks. We'll know for sure if he starts pumping stocks again. Their annual report was just the other day and it was not one of a successful company, no matter how many times he said he's confident next year this next big thing he came up with on the spot.