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this post was submitted on 09 Jun 2024
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Enough Musk Spam
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The legal opinions I’ve read have indicated that this vote will not affect the court’s decision and that Elon will not be getting the bonus at this time. The court is looking at additional issues related to governance, and the bonus will have to wait until the other issues are resolved.
In addition, TSLA has been missing its targets and hemorrhaging money. The share price has plummeted from peak values, and Elon has made raiding Tesla resources to fund his privately held ventures. He treats Tesla like his personal piggy bank rather as a public company to which he owes fiduciary responsibility, and because the board is filled with people loyal to Musk rather than the company, his behaviors have been allowed to run unchecked.