Did you know that Elon Musk got sued by a Tesla shareholder? It was by a shareholder who only owned a total of 9 shares of Tesla, but he would sue Elon for a whopping $56 billion. What did you Elon do that was so vile and apprehensable? Well, he gave himself an extraordinary payday if he was able to grow Tesla severalfold within the coming years. The idea was that if Elon Musk could 10X the market price, revenue, and income of Tesla within a 10-year timeframe, he was allowed to grow his Tesla stake by a couple of percent which at the current scale of Tesla translates to a whopping $56 billion payday. Most Tesla shareholders didn’t mind this massive payday given that their own Tesla stakes would’ve needed to be 10X before this happened. But, one fateful Tesla shareholder did care and he was able to get the whole pay package thrown out, at least for now. This video explains the story of Elon Musk’s pay package and how Elon Musk got robbed of $56 billion.
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Timestamps:
0:00 – $56 Billion
2:20 – The Case For The Package
6:32 – The Case Against The Package
10:02 – What Happens Now
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This video is not a solicitation or personal financial advice. All investing involves risk. Please do your own research.
