this post was submitted on 18 Mar 2025
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The board needs to remove Elon today.
They just paid fucking 60 billion dollars to him to keep him from quitting. Maybe a smidge of sunk cost fallacy.
If trump had lost the election, he would be in jail and Elon would have been destroyed. Instead, we got… this.
I think Elon would have been better off if Trump lost. I dunno though. He bought Twitter for 44 billion, and that seems to have let him buy the presidency for a mere 200 million. So maybe it's money well spent.
Good. Let them drown with their sinking ship. They enabled his power grab in the first place and decided something as perverted and absurd as granting a single man $60 billion. Let this be a lesson in history books.
Did that actually get paid out? Last I heard the judge said no, multiple times.
Yep. There was another shareholder vote and he won it.
No. As of 7 days ago, he has not been paid the $50 billion. The judge's order is holding for now.
https://www.theregister.com/2025/03/12/elon_musk_appeals_voided_pay_package/
Oh huh. I just remember him winning the new shareholder vote for which I believe the stakes were "gimme money or I leave" despite there being no legal requirement to pay him.
the honeymoon from the election is just wearing off.
the board are his handpicked toadies that have him a bonus despite tesla losing money
You can remove him from the board but he'll still have all of his shares. And I'd bet he's not really doing much as Tesla these days anyway.
Not much except getting their dealerships torched.
My point was that they're doing what they're doing to hurt Elon. Removing Elon from the board does not prevent them from hurting Elon.
Even if they do, protests and boycotts need to continue past it. A lot of his wealth is in Tesla stock, and he's going to benefit from the shadows if the public moves on and TSLA recovers.