Pax Romana Capital

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Elon’s Pay Package is SO UNBELIEVABLY STUPID

     I have tried to limit my Musk-hate recently. When I write about him, I frustrate myself, and it’s unproductive writing. If you read what I write, you already know my beef with Elon, and there is nothing you can do with the information, so I have tried to write less about this guy. But oh, my sweet lord, this pay package incensed me. This will be a short, hate-fueled article.

     To put it in perspective, Elon’s pay package is more than the total profit Tesla has made in its history. It is the equivalent of $10,000 for every car sold over the past eight years. It is about 12% of the company’s stock. The whole fight up in Washington about funding Ukraine was over $50 billion, which he just eclipsed in one payment. Ironically, Musk was against the Ukraine funding because he is a faux fascist and best friends with Putin. Beyond that, the hypocrisy burns my soul. He just fired thousands of workers while taking home a $56 billion check. The amount of inefficiency and waste hurts.

     HOW AS A TESLA INVESTOR ARE YOU IN FAVOR OF THIS? You need to be locked in a mental asylum and have the key thrown away if you are a Tesla investor and voted for this. You are completely insane and have no place investing your or anyone else’s money. If you are a hedge fund or any organization with a fiduciary responsibility to your investors and voted for this, you just violated everything.

     This pay package is so ridiculously massive and you are in Elon’s cult if you like this. This would pay Elon what half of the employees at his company are worth every year. Elon is actively mining all value from the company before he exits into politics or one of his other ventures. Elon is not long for the Tesla world. Even if he doesn’t quit in a year or two, his focus is already moving away from Tesla, which is ironically healthy for a company he is harming via his existence. It just absolutely boggles my mind that A. Anyone is in favor of this, and B. Investors think Elon is worth that much.

      And the Tesla board, bleh. I would say that, in general, I dislike pretty much everyone on Tesla’s board. James Murdoch obviously is pretty gross. But they are all Elon’s friends (lapdogs). In no way does this board represent the shareholder’s interests. They are all his pals, and they just gave him the GDP of Tunisia for sucking.

     And Elon does suck. He provides no value for the company, and his overly emotional, vibe-based decision-making only harms the company. His political polarization limits their potential customer base and ruins the chance that any other major company would want to work with him. He also seems to really want to get into a fight of some kind. He told Bob Iger to “fuck himself,” which was super-duper cringe, and in general, is showing very erratic behavior (probably all the drugs he does has something to do with it).

     Elon provides no value for Tesla. Elon has missed the boat on becoming a rational, good leader, and only harms Tesla. But for some reason, he will be paid $56 billion when the judge allows the payment to go through. Elon will be paid more than any man has been paid in history for providing no value. He is extracting all value he can from the company before he flees into the night. Elon is a cowardly, stunted man, and he is worthy of neither respect nor the money he will be paid.