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Tesla CEO Elon Musk could leave if $56 billion pay package not approved, shareholders warned
(www.theverge.com)
this post was submitted on 07 Jun 2024
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If he left, the stock would bounce up 20%. Put an engineer at the head and start producing decent model 3, Y. Work on reaching 25k MSRP. I'm sure there's bottlenecks and inefficiencies that could get them there.
Tesla stock is worth more than most other car companies combined. Musk's genius is knowing how to pump stock. The company would do much better without Musk, but the stock would tank. No one else is willing to lie, cheat and sacrifice safety like Musk to keep the stock high.
I can certainly see that argument, but I'd counter that eventually the Musk bubble will pop and that day is coming like a freight train. Better to ditch him now while they can than suffer the cost of keeping him.
I agree, the stock will tank eventually. I just think it would be immediate if Musk left.
Better than spending 56b to put it off temporarily.
Shareholders don't actually care about long term viability as long as they can sell before everything goes to shit.
Tesla is in the sp500. Investors in that area tend to want long term results. It's sold on the basis that you stick your money there and ride it for the next 20-30 years.