Forbes Reporter Calls Musk's Tesla Control Argument 'Ridiculous'

Tesla CEO's Massive Pay Package

• 💰 A Forbes senior editor discusses Elon Musk's $1 trillion pay package from Tesla, noting the optics are terrible and questioning if any CEO is worth such compensation.
• 📈 The pay package, if realized, would amount to $275 million per day over 10 years, far exceeding typical CEO compensation.
• 💡 While some speculate this could set a precedent for other CEOs, it's unlikely to spark a trend due to Musk's unique position.

Musk's Claim for 25% Ownership

• 🎯 Musk argued he needs a 25% ownership stake in Tesla to ensure control, a claim deemed "ridiculous" by the reporter.
• 📉 Currently, Musk holds 12-13% ownership and already has a fully compliant board, indicating he already gets everything he wants.
• ⚠️ The argument that he needs more control to prevent leaving is also dismissed, as his wealth is tied to Tesla shares; any departure would cause a mutual destruction of value.

Future Outlook for Tesla

• 📉 The reporter suggests there are no bright spots for Tesla in the near future.
• 💸 The pay package is viewed as being primarily about the money, with no other significant justification.
• 📊 It's noted that Musk is likely to become a trillionaire anyway due to projected share price increases, making this package more about securing a second trillion.