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Elon Musk: Officially a fraud and piece of shit. Official or unofficial war criminal?

MaybeACoordinator

By MaybeACoordinator
in Daily Texan

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Spottieottiedopaliscious
Spottieottiedopaliscious

Hotez is far from bulletproof.       

MissingInAction
MissingInAction
Spottieottiedopaliscious
Spottieottiedopaliscious

Absolutely.    Would you like other guys pointing out Hotez deficiencies?   It was actually more about Hotez but whatever? Why stick around? All the constructive back and forth

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Sbbruin

Sbbruin 22147

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1 hour ago, HenryJames said:

Also, dude, guinea is not the preferred nomenclature. Italian-American, please. 

I believe the preferred nomenclature is dago guinea wop greaseball goombahs.  At least that's what I saw on tv.

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Captain Ron

Captain Ron 13133

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1 hour ago, Francisco 2.0 said:

 

 

 

Just another thing to add to the list of things Elon Musk didn't do - incorporate Tesla in Delaware.

 

That was done in July 2003 by the real founders Martin Eberhard and Marc Tarpenning. Elon would not join Tesla until 2004.

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High Plains Drifter

High Plains Drifter 11192

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53 minutes ago, Captain Ron said:

 

I gotta ask the question ... what the fuck does "promising neuron spike" even mean?

 

It probably means that neuron activity increased rapidly ("spiked") when the implant was... implanted. If I "implanted" a screwdriver into your skull, your neuron activity would "spike" as well. 

 

Either that, or he's just making shit up, like always. 

 

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0xdeadbeef

0xdeadbeef 1704

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17 hours ago, Neonmoon said:

Yeah, but how hardcore is Toyota?

IMG_0351.thumb.jpeg.c4009b59973dd9fe2d241abc85a132ab.jpeg

I'm not interested enough to Google it myself.  Can someone confirm if that statistic of Tesla shipping 16% of the volume of Toyota is real? If so, that is far higher than I would have guessed.  

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Guadaloopy

Guadaloopy 11139

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2 hours ago, 0xdeadbeef said:

I'm not interested enough to Google it myself.  Can someone confirm if that statistic of Tesla shipping 16% of the volume of Toyota is real? If so, that is far higher than I would have guessed.  

It's correct.  Tesla delivered 1.8M vehicles in 2023.

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MrBig

MrBig 5652

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7 hours ago, Captain Ron said:

 

I gotta ask the question ... what the fuck does "promising neuron spike" even mean?

It’s what happens in Elon’s pants when he sees a Neuralink trans person in the bathroom.

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Anastasis

Anastasis 23717

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6 hours ago, Captain Ron said:

I also gotta ask, how is this insulting to shareholders? They are the ones that sued him!!!

Over 70% of shareholders approved the deal right? IIRC the deal was roundly considered to have impossible milestones, and Elon was at risk of taking on zero compensation if he did not achieve the milestones.

I know Elon is going to get all the hate, some of it rightfully deserved, but doesn't seem like a great example. If any of us entered into a comp agreement approved by our stakeholders where we were at risk for zero unless milestones were met, hit every one of those milestones, even the ones that were stretch stretch goals, and then had a court come in to invalidate that contract, we'd be pissed. 

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Nivek

Nivek 17425

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29 minutes ago, Anastasis said:

Over 70% of shareholders approved the deal right? IIRC the deal was roundly considered to have impossible milestones, and Elon was at risk of taking on zero compensation if he did not achieve the milestones.

I know Elon is going to get all the hate, some of it rightfully deserved, but doesn't seem like a great example. If any of us entered into a comp agreement approved by our stakeholders where we were at risk for zero unless milestones were met, hit every one of those milestones, even the ones that were stretch stretch goals, and then had a court come in to invalidate that contract, we'd be pissed. 

It the US Supreme Court is taking a case to discuss my pay, I am a pretty happy motherfucker.  

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HenryJames

HenryJames 67465

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https://www.reuters.com/business/environment/tesla-sued-by-california-counties-over-hazardous-waste-2024-01-31/

Quote

Jan 31 (Reuters) - A group of 25 California counties have sued Elon Musk's Tesla (TSLA.O), opens new tab, claiming the electric vehicle maker mishandled hazardous waste at its facilities across the state.

 

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Captain Ron

Captain Ron 13133

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2 hours ago, Anastasis said:

Over 70% of shareholders approved the deal right? IIRC the deal was roundly considered to have impossible milestones, and Elon was at risk of taking on zero compensation if he did not achieve the milestones.

I know Elon is going to get all the hate, some of it rightfully deserved, but doesn't seem like a great example. If any of us entered into a comp agreement approved by our stakeholders where we were at risk for zero unless milestones were met, hit every one of those milestones, even the ones that were stretch stretch goals, and then had a court come in to invalidate that contract, we'd be pissed. 

So let's take a look at your comment here and dissect it in terms of the arguments made in the case:

Quote

Over 70% of shareholders approved the deal right?

Yes, however the primary argument was that shareholders were mislead on specifics of the deal. The key parts being that Musk was the architect of the plan, not the Board of Directors, and the Board is a bunch of people whole are Musk's cronies:

Quote

 

The board of directors consisted of a lot of people who had close relationships with Musk:

  • Elon Musk.
  • Antonio Gracias, a member of the compensation committee and friend of Musk’s who has amassed a great deal of wealth from investing in Musk’s companies as far back as PayPal.
  • James Murdoch, another Musk buddy who vacationed with Musk across the globe.
  • Musk’s brother, Kimbal.
  • Ira Ehrenpreis, one of the members of the compensation committee, acknowledged to the court that his relationship with Elon and Kimbal Musk had “significant influence on his professional career.”
  • Brad Buss, another member of the compensation committee who “owed 44 percent of his net worth to Musk entities.”
  • Robyn Denholm, a member of the compensation committee whose compensation as a Tesla board chair was more money than she made from other sources.
  • Linda Johnson Rice, who appears to have been truly independent.
  • Steve Jurvetson, who had a prolonged period of absence during this incident and wasn’t considered a major player by the judge.

 

Yes, the last two people there weren't key players, but that's 2/3 of a board that owes Musk a great deal and Musk himself. Seems like a conflict of interest to me. And so those people all "negotiated" Musk's deal and then presented it to the shareholders.  Hmmmmm.

The next point you raise is the milestones themselves:

Quote

IIRC the deal was roundly considered to have impossible milestones, and Elon was at risk of taking on zero compensation if he did not achieve the milestones.

The milestones were based on the stock price of Tesla and their market cap has risen tremendously for reason well outside of the actual performance of the company.  Compared with other companies their Price to Sales ratio is kind of out of whack:

https://www.macrotrends.net/stocks/stock-comparison?s=price-sales&axis=single&comp=TSLA:F:TM:HMC:GM

Take Tesla away from that:

https://www.macrotrends.net/stocks/stock-comparison?s=price-sales&axis=single&comp=F:TM:HMC:GM

What's also interesting is that Tesla's stock only started acting funny around 2018. Just a quick question - when did Musk sign that deal that linked his compensation to Tesla's market cap again?

https://www.macrotrends.net/stocks/charts/TSLA/tesla/price-sales

And let's not forget how Musk has allegedly manipulated the stock since 2018. Remember his tweet about taking Tesla private?

 

I'm just saying ....

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Anastasis

Anastasis 23717

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33 minutes ago, Captain Ron said:

Yes, however the primary argument was that shareholders were mislead on specifics of the deal

The vast majority approved a deal that everyone thought was based on unattainable milestones. Those milestones were achieved. Anyone holding shares over the timeframe the milestones were effected profited significantly. Someone that held 9 shares sued. What a world. 
 

 

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Captain Ron

Captain Ron 13133

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8 minutes ago, Anastasis said:

The vast majority approved a deal that everyone thought was based on unattainable milestones. Those milestones were achieved. Anyone holding shares over the timeframe the milestones were effected profited significantly. Someone that held 9 shares sued. What a world. 
 

 

And the court just said that 1 shareholder was right. 

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safe sex

safe sex 12043

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Posted (edited)

From your link, this hits hard:

Quote

The principle which must control our decision is not in doubt. The constitutional provision invoked is the due process clause of the Fourteenth Amendment governing the states, as the due process clause invoked in the Adkins Case[3] governed Congress. In each case the violation alleged by those attacking minimum wage regulation for women is deprivation of freedom of contract. What is this freedom? The Constitution does not speak of freedom of contract. It speaks of liberty and prohibits the deprivation of liberty without due process of law. In prohibiting that deprivation, the Constitution does not recognize an absolute and uncontrollable liberty. Liberty in each of its phases has its history and connotation. But the liberty safeguarded is liberty in a social organization which requires the protection of law against the evils which menace the health, safety, morals, and welfare of the people. Liberty under the Constitution is thus necessarily subject to the restraints of due process, and regulation which is reasonable in relation to its subject and is adopted in the interests of the community is due process.

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Buzzrock

Buzzrock 15147

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Elon Musk is (temporarily) no longer the richest person in the world after a Delaware judge struck down his $55 billion Tesla pay package for being excessive. Tesla’s board now must propose a new compensation plan for its CEO. Musk, who can appeal to the state’s Supreme Court, is worth a measly $154b without the package.
https://www.nytimes.com/2024/01/30/business/elon-musk-tesla-pay-package.html
 
Gotta be a kick in the ego!

Seems like a lot of mind-reading by the judge wrt Elon’s motivations. Who knows what he has planned for that $50B: this is a guy who exploded the EV market, sends rockets to space, and has plans for Mars. Not cheap endeavors.
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NoName

NoName 17181

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2 hours ago, Buzzrock said:


Seems like a lot of mind-reading by the judge wrt Elon’s motivations. Who knows what he has planned for that $50B: this is a guy who exploded the EV market, sends rockets to space, and has plans for Mars. Not cheap endeavors.

sounds like a lot of mind reading by you re: Elon's motivations.

if he was even sort of of serious about Mars he would have spent the money from his pocket (i know it wasn't the full $44b to be clear) to accelerate Space X even more instead of spending it on a vanity project that he pretty immediately ran into the ground.

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