Elon Musk trapped Tesla shareholders: give me $1 tril or I won't lie for you
12 hours ago
- #Tesla
- #Corporate Governance
- #Elon Musk
- Elon Musk is pressuring Tesla shareholders to approve his $1 trillion compensation package by framing it as critical for Tesla's future and even 'the future of the world.'
- Tesla is running Google ads urging shareholders to vote in favor of Musk's compensation package, despite historically avoiding advertising.
- Musk has threatened to leave Tesla if he doesn't receive the compensation package, which could cause a short-term stock crash.
- Tesla shareholders are trapped in a 'Stockholm Syndrome' situation, fearing Musk's departure would collapse the stock price.
- Musk has repeatedly misled shareholders about Tesla's progress in autonomous driving and humanoid robots (Optimus).
- Tesla's board is recommending shareholders approve Musk's compensation and invest in his private AI startup, xAI, despite conflicts of interest.
- Shareholders are suing Musk for diverting Tesla resources to xAI, which competes with Tesla for AI talent.