this post was submitted on 04 Nov 2025
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[–] patrick@lemmy.bestiver.se 14 points 12 hours ago (1 children)

The reason his last pay package of 50 billion was awarded to him is because he met the milestones for that. It was a similar deal to this one where they set top end milestones that everyone felt were ridiculous and they’d never hit them. Mostly stock targets IIRC.

[–] SaveTheTuaHawk@lemmy.ca 2 points 11 hours ago (1 children)

Those were lowball milestones. He actually has to generate real money this time.

[–] patrick@lemmy.bestiver.se 3 points 8 hours ago

Quit rewriting history, those were absolutely not lowball milestones.

If Mr. Musk were somehow to increase the value of Tesla to $650 billion — a figure many experts would contend is laughably impossible and would make Tesla one of the five largest companies in the United States, based on current valuations — his stock award could be worth as much as $55 billion

That is a quote from this contemporary article: https://www.cnbc.com/2018/01/23/teslas-pay-deal-to-keep-elon-musk-all-or-nothing.html