Elon Musk Demands Money Back from Employees He Laid Off

futurism.com

19 pointsVolundr4 comments

I’m waiting for the day that banks will demand back the money they lent him…

That’ll never happen. They love him. Everyone in his orbit thinks he can do no wrong. The man is a walking, talking, seemingly-god to these folks.

You know what they say: If I take out a loan of $1'000'000, and the bank wants it back, I have a problem. If I take out a loan of $100'000'000'000, and the bank wants it back, the bank has a problem.

Vanguard vote helped pass Tesla CEO Elon Musk's $56 billion pay package

https://www.reuters.com/business/autos-transportation/vangua...

> "given the strong alignment of executive pay with shareholder returns since 2018 and the benefits the board asserted related to the motivational value for the CEO in preserving the original deal,"

But since 2021, not so good.

It peaked at 402.83 in 2021 and has been downhill since then. $178 today. That's about 3 years of decline, with a market turning towards hybrids, in general decline, and increasing competition, so much so that Chinese cars are embargoed.

It’s down some 30% this year.

Plans to grow to the stratosphere with AI, robotaxis and robotics.

Reply on news.ycombinator.com