this post was submitted on 04 Aug 2025
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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.

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[–] teslasaur@lemmy.world 227 points 1 week ago (9 children)

"While we recognize Elon's business ventures, interests and other potential demands on his time and attention are extensive and wide-ranging ... we are confident that this award will incentivize Elon to remain at Tesla," the committee said in a regulatory filing on Monday.

But... that moron is the reason the stock is tanking and people shifting to other manufacturers. Why in the flying fuck would they PAY to keep him. What kind of a cult are they running.

[–] Zeppo@sh.itjust.works 148 points 1 week ago (1 children)

a cult where he entirely controls the board, which is contrary to how large corporations are supposed to work

[–] teslasaur@lemmy.world 37 points 1 week ago (2 children)

But he only hold 13% of the stock. Any of the other stock holders could pretty easily group up and remove him, if they wanted to. It's not like the Zuck who is a permanent 51% vote owner.

I suppose it's possible that he has more voting rights that owning rights, but still. A 37 point difference would be massive.

[–] atzanteol@sh.itjust.works 51 points 1 week ago (1 children)

One of the board members is Elon's brother Kimbal...

https://ir.tesla.com/corporate

[–] TheBat@lemmy.world 16 points 1 week ago

Kimbal

Can I mount a gopro on him?

[–] pinheadednightmare@lemmy.world 9 points 1 week ago* (last edited 1 week ago) (1 children)

Blackmail is a hell of a thing to have to hold power over people.

[–] NuXCOM_90Percent@lemmy.zip 14 points 1 week ago

They "ran the numbers" and decided he was still more valuable as the genius face of the company (that continually shits on the name of Nikola Tesla... which is actually saying a lot since homeboy clearly drank a lot of lead paint) than as someone actively trying to destroy the company. Err, actively trying to destroy the company he no longer has a financial interest in.

Increasingly, the teslacorp consumerbase is just nazis and tech bros who don't want to admit they are nazis. If musk were to get up on stage and start reading /r/cyberstuck or whatever, it would very much zero out that stock.

[–] Quill7513@slrpnk.net 10 points 1 week ago

Tesla is a dictatorship. When the world's richest dickhead invested so heavily in Tesla after Martin Eberhard and Marc Tarpenning founded it, what he bought was control over Tesla's entire future. He, in that moment, became Tesla's board of directors. This payout of shares to incentivize him to stay isn't what that really is. It's himself, god emperor of Tesla, giving himself a higher percentage of control over the company. He's making it harder for any other ownership group of the company to oust him. He's entrenching himself deeper to ensure the enrichment machine continues to benefit him specifically.

The fealty vibes are fucking comical at this point

[–] Zephorah@discuss.online 5 points 1 week ago

He probably has dirt on them. He posted to Twitter as if he had personally read the Epstein Files. In addition, he’s pawed through the most private of our government data.

If anyone could have dirt on Tesla shareholders, it would be Elon after his walk through all of America’s data. And, possibly, the Epstein Files.

[–] wirebeads@piefed.ca 4 points 1 week ago

Shhh. Let the shareholders award musk the shares. I look forward to Tesla going bankrupt.

[–] A_Union_of_Kobolds@lemmy.world 4 points 1 week ago* (last edited 1 week ago)

Exactly, a cult.

He wants to be Jerome Blake.

[–] ChickenLadyLovesLife@lemmy.world 2 points 1 week ago* (last edited 1 week ago)

other potential demands on his time and attention

Musk has claimed to work 100 hours a week. But: he's the CEO of five companies. If his hours claim is true (lol), that means being the CEO of just one company is a 20-hour-a-week job. CEO is a part-time gig!

[–] vga@sopuli.xyz -3 points 1 week ago* (last edited 1 week ago) (1 children)

Tesla stock is not tanking. Their cars are still selling all over the world.

[–] TAG@lemmy.world 5 points 1 week ago (1 children)

Except they are not. Their car sales revenue is falling. Their plan to reverse it is to make their cars cheaper (crappier).

https://arstechnica.com/cars/2025/07/tesla-q2-2025-sell-fewer-cars-and-carbon-credits-make-less-money/

[–] vga@sopuli.xyz 0 points 1 week ago

That is true, but a million cars per year is still not quite nothing even if it's much worse than last year.

Like I said, the valuation of the stock is very weird and even though I've made money on the stock earlier, I wouldn't currently touch it with a long pole.