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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[–] 129 points 1 year ago (13 children)

To be clear, Elon Musk is the specific reason that people will not buy a Tesla. He's the kiss of death to the brand.

And Tesla wants to reward him?

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  • [–] 84 points 1 year ago (5 children)

    He controls the company. This is him “rewarding” himself. He’s desperately trying to cash out before the stock price tumbles because he knows their valuation is way out of hand.

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  • [–] 4 points 1 year ago (4 children)

    Idk it's pretty smart, but how is he going to sell $29b of Tesla without crashing Tesla?

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  • [–] 27 points 1 year ago (2 children)

    Rich folk don't sell their stocks for daily spending money. They use the stock as collateral to take out loans at low rates then just pay the service fees on the loans. He's got to be leveraged to the tits in his current stocks so he's just giving himself more.

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  • [–] 16 points 1 year ago (1 child)

    Yeah, but the issue with that is that when the Stock starts coming down the banks will come for their money, though I guess aa the saying goes if you owe the bank a 100 million the bank is in trouble not you

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  • [+] 38 points 1 year ago* (5 children)
  • [–] -4 points 1 year ago* (4 children)
  • [–] 17 points 1 year ago* (3 children)

    About that....

    The highest fatal accident rate among all car brands...

    https://www.roadandtrack.com/news/a62919131/tesla-has-highest-fatal-accident-rate-of-all-auto-brands-study/

    So you have real world data vs crash test data. I know which one I would pay attention to.

    In fairness this is largely based on how drivers use them, but we have seen people over trust the system and get into trouble. We also have seen autopilot make some serious mistakes. We also seem to have a cover up to shift blame back to the driver.

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    [+] 221 points 1 year ago (15 children)
  • [–] 143 points 1 year ago (4 children)

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

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  • [+] 35 points 1 year ago (3 children)
  • [–] 10 points 1 year 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.

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  • [–] 13 points 1 year 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.

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  • [–] 6 points 1 year 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.

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  • 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!

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  • [–] -3 points 1 year ago* (2 children)

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

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  • [–] 6 points 1 year ago (1 child)

    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/

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  • [–] 0 points 1 year 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.

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  • [–] 42 points 1 year ago (1 child)

    Around $232,000 per employee, and all of it went to him...

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  • [+] 69 points 1 year ago (9 children)
  • [–] 23 points 1 year ago (4 children)

    Saudis keep dumping money into the stock. Its almost like a combo of money laundering + destabilizing the US government.

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  • [–] 13 points 1 year ago

    The shareholders, who are not starving by any means, dont mind lower earnings per share as long as their political machinations are being carried out. The world's largest capital equity firms have all gotten onto the musk bandwagon believing that his vision for the future is good for their funds.

    The overvaluation is more designed to fund the schemes of musk, who wants to break the US up into fiefdoms.

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  • [–] 4 points 1 year ago

    If you mentioned that Tesla is losing its competitive edge as EV manufacturer, most Tesla stock fans would quickly correct you that the company isn't just about that, it's also an AI company. I think the company is leveraging other competencies to future proof itself to market shocks; which makes sense since Musk stole personal information from the federal government to train his AI.

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  • [–] 34 points 1 year ago (5 children)

    This proves that "free market capitalism" and "competition" is a scam. I'd be happy to fuck up a company that badly for a mere $15 billion. But they won't even take my calls...

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  • [–] 4 points 1 year ago (1 child)

    well you see, one of the stipulations for getting this much is doing a Seig heil. Which I am sure your moral conscience wouldn't allow you to do. Or even if it did, I am sure there are a bunch of other criteria that is basically the inverse of whatever test for psychopathy they make people take at mental health institution that you must pass.

    So be glad you're not like him and don't lament that he gets a bag of money.

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  • [–] 23 points 1 year ago

    Image of being a low wage worker in Tesla, and learning this.. They could have given around $230k in stock to every single one of their employees.

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  • [–] 65 points 1 year ago (2 children)

    Must be an amazing feeling to know you’re on the spectrum, be called “retarded” by your own father, then find a politician dumber than you who needs your money, and constantly fail upward thinking you’re the smartestest person ever. An actual IQ test would put him somewhere in the lukewarm category but he would buy the testing company to change the result.

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  • [–] 22 points 1 year ago* (9 children)

    They’ve sealed their fate. They could have pivoted, given musk the ax and said he doesn’t align with their core values, saved some face and maybe regained trust of their core demographic. Doubling down on someone who pissed off nearly everyone who cared about buying their cars is fucking idiotic.

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  • [–] 3 points 1 year ago* (4 children)

    Every now and again I'll browse through some used Teslas, and occasionally see one that looks like a great deal.

    Even justifying it by saying "Buying a used Tesla, no money goes to Elon", I just can't bring myself to seriously consider owning one. It just feels icky, and I don't want to even be remotely associated.

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  • [–] 2 points 1 year ago (2 children)

    Be careful. You may suddenly need to drop 20k+ on a failing battery if you buy them used.

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  • [–] 1 point 1 year ago (1 child)

    Yeah this is a huge reason I haven’t considered buying an electric car; I want to keep it for over ten years, but don’t want to deal with that huge expense.

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  • [–] 3 points 1 year ago

    Maybe they're afraid of the dirt that he has on the company. He could potentially do more damage than it costs to keep him such as revealing that tests were faked or the Cyber truck was a friend of Epstein's

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  • [+] 3 points 1 year ago (2 children)
  • [–] 5 points 1 year ago

    There are definitely a lot of culty fanboys out there, but I doubt they account for anywhere near the majority of Tesla customers. They’re going to see a huge sales dip this year as a result of musk’s political fuckery. Hopefully people don’t forget who he is and that sales dip continues until they go out of business. Stupid decisions should be punished.

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  • [–] 17 points 1 year ago (8 children)

    Car makers, here's your chance to prepare to take over the EV market when this meth lab finally explodes

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  • [–] 11 points 1 year ago (3 children)

    They already are, Tesla's sales are stagnating in a Growing market, their market share is disappearing.

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  • [–] 1 point 1 year ago (2 children)

    Yeah, Ford has been trying to hype up an event coming next week. I assume it is going to be a new line of EV's. They keep trying to call it a "model T moment.".

    I assume they'll launch a smaller EV truck, small SUV, and hopefully an actual car. If Ford actually launches 3 EVs sub $30,000 before any kind of rebates it would be great. A 20,000EV would be better, but I just don't see it happening with the lack of support or rather opposition our government has put forth.

    ”We believe the only way to compete effectively with the Chinese over the globe on EVs is to go and really push ourselves to radically re-engineer and transform our engineering supply chain and manufacturing process.”

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  • [–] 2 points 1 year ago (1 child)

    before any kind of rebates

    Someone correct me if I'm wrong, but I believe Trump did away with any EV incentives that may have existed.

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  • [–] 1 point 1 year ago* (3 children)

    As far as I can tell from test driving a handful of EVs, they're not doing a very good job at it yet.

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  • [–] 6 points 1 year ago (2 children)

    I’m on my second EV. My sister has an EV. My mother is getting an EV. A friend is on his second EV. A coworker has an EV. My ex and another friend have plug in hybrids and plan to move to EVs.

    Not Tesla anywhere to be seen. None of us had ever even considered a Tesla.

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  • [–] 1 point 1 year ago* (last edited 1 year ago) (1 child)

    As a Tesla owner I'd say that's a good idea. After getting a Tesla it's very difficult to move to an inferior model and due to obvious reasons I'd love to. So far everything else I've tried sucks in various subtle ways -- usually in the way that the other manufacturers are obviously trying to make their EVs feel like legacy petrol cars instead of doing everything better like Tesla did.

    It just feels incredibly awkward after getting used to a Tesla.

    Perhaps Polestars will be good. I haven't test driven those yet.

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  • [–] 16 points 1 year ago

    More money than any person should ever have

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  • [–] 14 points 1 year ago

    Yeah, the guy that single-handedly dropped the company's stock value by ~20% should get a nice big bonus.

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  • [–] 14 points 1 year ago* (1 child)

    Sounds fair for turning the brand to shit. That's the corruption. Filthy evil rich.

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  • [–] 12 points 1 year ago* (last edited 1 year ago) (2 children)

    pats himself in the back

    good job buddy, you earned this.

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  • [–] 12 points 1 year ago (1 child)

    I’m imaging them gathered around him singing “For He’s A Jolly Good Fellow” and raising their glasses to him, before presenting him with an oversized stock certificate

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  • [–] 11 points 1 year ago

    Was just thinking this morning how it'd been a week or two since I saw this dipshits face on here.

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  • [–] 20 points 1 year ago (1 child)

    "Hey, you know that asshole who tanked our brand? Let's give him a ton of unearned money to stick around!"

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  • [–] 10 points 1 year ago (1 child)

    Musk needs to be rewarded with a few holes in his back.

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  • [–] 9 points 1 year ago

    This stupidity aside, Tesla is falling behind, and they don't seem willing to admit it.

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  • [–] 8 points 1 year ago

    The money aspect doesn't mean much to him. What he wanted is more control of Tesla, so he can do even stupider shit with the company.

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  • [–] 8 points 1 year ago

    What a great use of their money! The free market always knows best! /s

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  • [–] 7 points 1 year ago

    Failing his way to greater riches. Only in America.

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  • [–] 6 points 1 year ago

    Makes sense honestly. The only thing holding the stock price aloft of his lunatic followers' unwaivering belief in his greatness.

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  • [–] 6 points 1 year ago

    I too would love to receive 29 billion dollars for running a company off a cliff but I'm not corrupt to the bone

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  • The meritocracy at work.

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  • [–] 5 points 1 year ago

    It's a cult.

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  • [+] 8 points 1 year ago (7 children)
  • [–] 3 points 1 year ago (5 children)

    The company will not survive if Musk doesn't leave.

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  • [+] 3 points 1 year ago (3 children)
  • [–] 4 points 1 year ago* (2 children)

    Plenty of people would in a heartbeat if Elon Musk was publicly and thoroughly excommunicated from the power structure of the company. They would have to rebuild the brand but heres the thing people hate Elon Musk not Tesla.

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