No, that is not right. He got paid $20bn last year, and is getting paid more this year. One thing that tends to be confusing for people is that a dollar amount is not being paid, so if you issue shares 100 shares at $100/shares, and the value of the company rises to $200 share then the "value" of the award it not $1k. Giving away shares or paying huge stock-based comp is basically saying that your company is worthless (this is a principle that existed for years before, in tech this has been totally bastardized as employees/managers have looted companies).

It is a big deal. It is the biggest comp deal of all-time by tens of billions. As I also explained at great length, it makes no sense because he already had a big position in the stock. The idea that you need to pay someone $20-50bn/year to do a proper job when they are already worth $150bn is...grotesque (I am a big capitalist, I am not in the US but, if I was, I would be a socialist...in Austin, you have people living in tents under almost every bridge, and you have Musk cosplaying as a working man in his $50k house in the same city...whilst he is trying to get rid of his $100m in property elsewhere...it is utterly grotesque, it makes no fucking sense, it isn't a meritocracy, it is feudalism...no-one who is as rich as him has ever demanded share awards like this, no-one, it just doesn't happen because no-one who has this much money is actually that greedy...they can't spend it, so what is the point...it is impossible to look at Musk's actions and not think: "there is something seriously wrong with this person").

Tax avoidance. SpaceX. Other self-aggrandizing nonsense projects. Because TSLA is self-evidently overvalued.