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Tesla Pushes Shareholders for $56B Musk Pay Deal

  • #Finance
  • #United States of America
  • #Driving
  • #Renewable energy
Tesla Pushes Shareholders for $56B Musk Pay Deal
story
APR 2024
Image copyright: Spencer Platt/Staff/Getty Images News via Getty Images
story last updated APR 2024

The Spin

Narrative A

Nobody works for nothing, so why should Elon Musk? Tesla has not paid Musk since 2018. That's six years without compensation as the electric car firm has broken record after record and is now the world's most valuable corporation. It is only reasonable that the innovative chief executive gets compensated in proportion to the company's performance.

Business Insider

Narrative B

They say that timing is everything. In this aspect, the struggling carmaker failed miserably when it asked shareholders for a record payout to Musk. The suggestion comes just days after Musk announced Tesla will cut 10% of its global workforce, and Tesla stock has fallen 37% this year. Awarding Musk this much money is not sound — it's excessive even for Musk.

Futurism

Metaculus Prediction


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