Tesla is awarding CEO Elon Musk 96 million shares of restricted stock valued at approximately $29 billion, just six months after a judge ordered the company to revoke his massive pay package.
The electric vehicle maker said in a regulatory filing on Monday that Musk must first pay Tesla $23.34 per share of restricted stock that vests, which is equal to the exercise price per share of the 2018 pay package that was awarded to the company’s CEO.
They’ve sealed their fate. They could have pivoted, given musk the ax and said he doesn’t align with their core values, saved some face and maybe regained trust of their core demographic. Doubling down on someone who pissed off nearly everyone who cared about buying their cars is fucking idiotic.
Maybe they’re afraid of the dirt that he has on the company. He could potentially do more damage than it costs to keep him such as revealing that tests were faked or the Cyber truck was a friend of Epstein’s
Could they, though? It’s another cult, and if Glorious Leader leaves, so do the simps and therefore the profits.
There are definitely a lot of culty fanboys out there, but I doubt they account for anywhere near the majority of Tesla customers. They’re going to see a huge sales dip this year as a result of musk’s political fuckery. Hopefully people don’t forget who he is and that sales dip continues until they go out of business. Stupid decisions should be punished.
Yes?