JA WestenbergJan 29, 2025

The final chapter of Tesla isn't about innovation. It's about the hubris of a white supremacist who thinks he rules the world. The brand that once promised to save the planet is now a study in how fast one ketamine-addled man-child can drive a company off a cliff.

https://www.theindex.media/nobody-wants-a-nazi-electric-car/

Nobody Wants a Nazi Electric Car

Musk chased right-wing approval, but the only thing he got was declining sales and a dying brand.

The Index.
Show threadDr. Juande Santander-VelaJan 29, 2025

@Daojoan one caveat: more than 70% of the Tesla shareholders decided (twice!) to award the poor excuse of a person they still have as CEO an extraordinary award of over 50 billion twice because of the “extraordinary leadership qualities” that might have been otherwise lost… that’s on them*.

*those who voted for it both times. However, it seems both votes are considered illegal due to the relationship between Musk and the majority if stakeholders. See, for instance, https://abcnews.go.com/Business/judge-rejected-elon-musks-50-billion-tesla-pay/story?id=116403271

2025-01-30: Edited to clarify that not all shareholders voted for it. In the end, the vote happened twice, and both times has been considered illegal because of the way it was negotiated.

Why a judge rejected Elon Musk's $50 billion Tesla pay package

The compensation package would have made Musk the highest-paid executive ever.

ABC News
Show threadRune MyrlandJan 29, 2025
@juandesant @Daojoan Not all of them voted in support of that
Show threadBill Of Earth42
@skalden @juandesant @Daojoan Yeah, well majority rules, baby. So did they divest afterward? If not, fuck em.
Jan 30, 2025 at 12:44amWeb
Show threadRune MyrlandJan 30, 2025
@billOfEarth42 @juandesant @Daojoan No, not the one I think about. The Norwegian Oil Fund (a Norwegian government agency for reinvesting the income from oil taxes), is a big shareholder in Tesla. They voted against the Musk wage package. But did not divest because of this. There is an ongoing debate, though. And some communication between Musk and the director of the fund is made public: https://borsen-dagbladet-no.translate.goog/nyheter/de-hemmelige-musk-meldingene/82589341?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp (Fun fact: The fund is presently worth 3 to 4 times more than Musk.)
Oljefondet og Elon Musk De hemmelige Musk-meldingene

Hemmelig SMS avslører: Verdens rikeste mann, Elon Musk, ba oljefondets sjef Nicolai Tangen om å gjøre opp for seg.

borsen.no