Elon Musk demands another huge payday from Tesla | CNN Business
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Elon Musk says he wants a significantly larger stake in Tesla than the one that already made him the richest person on the planet.

In a series of posts on X Monday night, Musk said that he would not want to grow Tesla to become a leader in artificial intelligence and robotics without a compensation plan that would give him ownership of around 25% of the company’s stock. That would be about double the roughly 13% stake he currently owns.

Just casually asking for a roughly 80 Billion dollar pay raise. But at this point would Tesla be better off without him?

  • partial_accumen@lemmy.worldEnglish
    1·
    1 year ago

    The dealership model also costs the manufacturer basically zero dollars, because it really profits on used car sales and maintenance works.

    The manufacturer also has to pay dealerships for warranty work on vehicles. Company owned services centers wouldn’t.

    The whole argument that there’s some secret behind Tesla’s business smacks of gaslighting, not something that actually holds up to reason.

    I’m interested in that source you talked about the “people who looked closely”.

    • Hypx@kbin.social
      2·
      1 year ago

      You still have to pay out warranty work either way. Someone has to fix it after all.

      There are many people who have made the claim that Tesla doesn’t really make money. You can google it up. Just look for stuff like “tesla profits” or “tesla not profitable” and you see it. Also, the only people who do vigorously insistent that Tesla is profitable are the fanboy investors and some of the least credible analysts out there. It screams gaslighting no matter how you look at all.