I low key have a conspiracy theory that the "1 trillion dollar pay package" is just Tesla PR fluff - smoke and mirrors to steal attention away from the poorly performing cybertruck sales and falling stock. If they spin news with dramatic flair highlighting Musk’s bonkers pay package it's a distraction from Tesla’s more immediate and tangible troubles, political alienation of their buyers and ongoing regulatory and manufacturing operational crises.
I think it's a desperate attempt by the board to get Musk to focus on Tesla again. Tesla has a PE ratio of around 230 right now. If that comes back down to the reality of a declining-sales mid-sized car company, it's going to be an absolute blood bath.
The first thing I thought of when I saw that pay package being floated was the current state that Tesla is in. That's the primary reason such a package seems so fucking bonkers.
A pay package of that magnitude is a material business fact. If Tesla is lying about this, that would likely constitute securities fraud and risks imprisonment for the people involved in making it.
I would imagine the current administration has little to no desire to enforce this. There was already an executive order early on to specifically stop enforcing crypto regulation.
The company that had to pay out $20 million (in addition to Musk paying another $20 million) to settle with the SEC after being accused of securities fraud in 2018, and whose owner has just been accused of another instance of securities fraud by the SEC this year may, in fact, be engaging in securities fraud here?
