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?

  • nbafantest@lemmy.worldEnglish
    1·
    10 months ago

    Also, most of the numbers can’t be trusted. It’s known as “regulatory capture.” And they’re probably not the only one. Likely many companies have doctored accounting numbers these days. If anything, this is a huge problem in business today.

    This is not accurate at all.

    1. This is not what regulatory capture is
    2. PWC is massively incentivized to catch any fraud by Tesla/Musk
    • Hypx@kbin.social
      12·
      10 months ago

      Then you live in on another planet. Or at least another decade. Regulatory capture is everywhere these days, and PWC is 100% motivated to hide any fraud. In fact, pretty much all accounting firms are motivated to do so. I’d rather believe every major accounting firm is guilty of aiding some kind of accounting fraud than the reverse.

      • nbafantest@lemmy.worldEnglish
        1·
        10 months ago

        You are not using regulatory capture correctly in your comments.

        You’re incorrect about PWC as well.

        • Hypx@kbin.social
          12·
          10 months ago

          Your understanding of the term is incorrect. I am definitely using it correctly. And you are definitely wrong about PWC, plus any other accounting firm on Earth.

          But I think it is clear that your mind is made up. If you won’t believe me, then I won’t press any further.

          • nbafantest@lemmy.worldEnglish
            1·
            10 months ago

            Also, most of the numbers can’t be trusted. It’s known as “regulatory capture.”

            This is not regulatory capture, and you are certainly using it incorrectly.

            • Hypx@kbin.social
              12·
              10 months ago

              Regulatory capture is anytime that special interests have overridden the enforcement agencies’ desire to protect the public. That can also apply to accounting firms. So yes, it is correct.

                • Hypx@kbin.social
                  12·
                  10 months ago

                  There’s no reason for them to conduct audits honestly. Again, if you are totally convinced that what I described is impossible, just let me know. We can end this conversation now.