Subject: Re: 13F : More Chevron
skyesix:
The board said the gargantuan compensation package was necessary to keep Musk engaged with Tesla--but the package had no provisions to actually keep him engaged with Tesla.

And yet:

1) Musk by all accounts spent months working 100 hour weeks when Tesla was ramping up production of the model Y, famously sleeping in conference rooms at the Tesla factory in Fremont.

2) The Model Y is now the best selling car model IN. THE. WORLD.

3) By all accounts, (of anybody who knows a damn thing anyway) the Tesla is technologically years ahead of the competition and has redefined what an EV is.

4) You can find complaints about Elon from people who work for him. But none of those complaints is "we could have done this without Elon."

skyesix:
And in fact, he didn't stay engaged with Tesla as witnessed by all the time he spent on Twitter. Which means the board didn't do their jobs.

Ludicrously wrong! You have to literally know NOTHING about what Musk and Tesla have done since 2018 to reach this conclusion. Or else you have to lie, but why, to what end? I made the points above, but didn't also mention the other accomplishments such as the new gigafactories around the world and the Cybertruck with its million-person long waiting list, all of which were done since 2018. Ask anybody anywhere who pays ANY attention whether Musk had anything to do with those things. Or with the gigacastings which are changing how the industry builds cars.

skyesix:
Who lost money? The shareholders who overpaid for executive compensation and didn't receive what they were promised. Again, zero dogs in this fight but I can't see any version of this where the board did their jobs.

The shareholders have literally 10X as much value in their shares now as they did in 2018. What the Falcon are you talking about?

R:
(as in BFR, "Big Falcon Rocket")