this post was submitted on 04 Nov 2025
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[–] nao@sh.itjust.works 68 points 3 weeks ago (3 children)

Tesla has sold 7 million and something cars in total according to google. If each of those was 100k, that would still be less than a trillion in total. How could one guy get paid more than the whole company ever made?

[–] ripcord@lemmy.world 26 points 3 weeks ago (3 children)

This is supposed to be paid out over time based on future performance milestones. Also based on projected increased value of shares as a result.

Still insanely, insanely high though.

[–] peetabix@sh.itjust.works 7 points 3 weeks ago

Based on his performance or Telsa workers performance?

[–] other_cat@piefed.zip 3 points 3 weeks ago

Speculative economy go brrrrrrrrrrrrrrrrr

[–] FreedomAdvocate@lemmy.net.au -5 points 3 weeks ago (1 children)

Still insanely, insanely high though.

But undeniably worth it if you're a tesla shareholder.

It's like your financial adviser saying "I'll make you a billionaire in 5 years, and if I do your bill will be $1mil. If I don't, don't pay me anything, and you've lost nothing" - why would anyone have an issue with that?

[–] bookmeat@lemmynsfw.com 12 points 3 weeks ago

Because it's an incentive to make money, not an incentive to be a good corporation making good products and services.

[–] WanderingThoughts@europe.pub 18 points 3 weeks ago (2 children)

In the market these days, it's not what you're making now but the future potential of what you might make in the future. And Musk is an expert in dreaming big and make other people believe it.

[–] CptOblivius@lemmy.world 11 points 3 weeks ago (3 children)

Ya most of his shit is stupid though. The cyber truck, terra forming mars with nukes, the hyperlopp, etc. The Tesla dream was there before him. I just don't get it....

[–] fishy@lemmy.today 16 points 3 weeks ago (1 children)

Because it's nonsense. We're a decade past the promised rollout of full self driving, the hyperloop is a failure, the cybertruck is a flop, China makes EVs significantly better and cheaper than Tesla. The batteries they're selling are looking more and more likely to get leapfrogged by solid state batteries too. Half the world refuses to touch anything his companies produce.

Tesla stock should be in the shitter, but results don't matter anymore.

[–] Tollana1234567@lemmy.today 4 points 3 weeks ago (1 children)

the hyperloop was an actual scam to stop claifornias fast rail system from being developed, long enough for elaine chao to block its funding.

[–] fishy@lemmy.today 2 points 3 weeks ago

Yup, but they actually built one in Vegas. It's a joke. It's two Tesla with drivers going about 25mph in tunnels.

[–] vin@lemmynsfw.com 6 points 3 weeks ago

Hyperloop was Musk's tactic to distract from and destroy sensible public transportation. Tesla didn't work on it or plan for it.

[–] BurgerBaron@piefed.social 2 points 3 weeks ago

Ya most of his shit is stupid though

It appears to me that your average human isn't particularly smart so this hasn't been to his detriment yet.

[–] FreedomAdvocate@lemmy.net.au -3 points 3 weeks ago (1 children)

And Musk is an expert in dreaming big and make other people believe it.

And has a near flawless record in achieving those dreams, making the people who believed in it filthy rich.

This pay packet is, like his last one, a "bet big on me and I'll make you all insanely rich, or I get nothing" bet. It makes no sense why anyone would say no to it.

[–] AngryCommieKender@lemmy.world 4 points 3 weeks ago (1 children)

He hasn't achieved those dreams at all with Tesla, or any other company that he actually runs. Over a million unsold cybertrucks. No actual autopilot that works. The cybertruck is 17 times more flammable than a Ford Pinto.

Elon Musk is an average intelligence fascist scam artist that happened to have a golden spoon in his mouth from day one.

[–] FreedomAdvocate@lemmy.net.au -1 points 2 weeks ago (1 children)

Oh can we just lie about things to suit our argument now?

[–] AngryCommieKender@lemmy.world 0 points 2 weeks ago

I don't, but you do constantly.

[–] FreedomAdvocate@lemmy.net.au 10 points 3 weeks ago (1 children)

How could one guy get paid more than the whole company ever made?

Because that $1trillion pay packet is contingent on the value of Tesla going to like $5tril, which would make it the biggest company in the history of the world. It would make every shareholder insanely rich.

[–] mcv@lemmy.zip 10 points 3 weeks ago (1 children)

But that's all bubble. Tesla isn't selling even enough cars to justify its current valuation, and sales are slowing down. The current valuation of Tesla is based entirely on hype, and has been for years. For ever, really, but in the early years it could be justified because it was the fastest growing car company ever, and EVs were new and hot. Now everybody is building EVs, and more than Tesla.

[–] FreedomAdvocate@lemmy.net.au -2 points 2 weeks ago (1 children)

Is this your first time reading about the stock market? It’s all about “hype” and “bubbles”.

Teslas are still the gold standard of EVs. They’re not the cheapest, but they’re what everyone wants.

[–] mcv@lemmy.zip 1 points 2 weeks ago (1 children)

Why would this be my first time reading about the stock market? Do you think this is the first bubble?

Yes, hype and bubbles are common on the stock market, that's not all it is, and that doesn't make them okay. The dot-com bubble led to a crash. Other bubbles led to crashes. This one will too. How long that will take? That depends on the number of greater fools, or on how long they can keep inflating this with financial trickery.

Teslas are still the gold standard of EVs. They’re not the cheapest, but they’re what everyone wants.

That was years ago. Tesla sales are dropping in many places, while other the other EV sales are growing. Tesla has peaked, there's no sign of anything that will reverse it. And their sales have never justified their stock value.

[–] FreedomAdvocate@lemmy.net.au 0 points 1 week ago (1 children)

Growing sales of cheaper Chinese EVs don’t change what I said. Teslas are the gold standard that people want, but not everyone can afford or justify the purchase price. A corolla isn’t a better car than a Lamborghini just because it sells more.

[–] mcv@lemmy.zip 1 points 1 week ago (1 children)

There's more to a car than speed, and Teslas aren't Lamborghinis. They were exciting when they were new, but they've always had quality issues. Toyota produces more reliable cars. And more cars. There's no perspective from which Tesla's valuation makes sense.

[–] FreedomAdvocate@lemmy.net.au -1 points 1 week ago (2 children)

Tesla have their valuation because that’s what the market decides they’re worth based on past performance, future predictions, leadership, etc. That’s all there is to it. You think they’re overvalued because you hate their CEO and “founder”. While I don’t agree with the stock market, they’re far more correct than you are. Things are worth what people will pay.

Teslas are still the flagship EV brand. Not being the highest selling doesn’t change that. Did you not understand the Corolla/Lamborghini example?

[–] mcv@lemmy.zip 2 points 1 week ago (1 children)

That's just a "the stockmarket can't possibly be wrong" argument, but the stockmarket has often been wrong.

Tesla is overvalued. That's blatantly obvious if you look at the data. There's no justification for Tesla's insane market cap other than hype or corruption.

Did you not understand the Corolla/Lamborghini example?

I do, but I wonder if you do. Toyota is far, far more valuable than Lamborghini. Toyota is the largest car manufacturer in the world, and with a market cap of $269B, the second most valuable after Tesla.

Lamborghini is not independent, but owned by Volkswagen, as part of their Audi group, and all of those brands put together have a market cap of $58B.

Your argument is not a justification for Tesla's high market value; quite the opposite.

[–] FreedomAdvocate@lemmy.net.au -1 points 1 week ago (1 children)

You took the wrong message from what I said.

The stock market isn’t “wrong” - it’s the stock market. Tesla is worth what the stock market says it is, quite literally. Hype, corruption……yeah, that’s the stock market.

You can’t just take “hype” out of the stock market because that’s one of the biggest, most essential parts of it.

[–] mcv@lemmy.zip 1 points 1 week ago (1 children)

By that argument nothing is ever overvalued because apparently that's what the stockmarket says it's worth. But crashes still happen.

[–] FreedomAdvocate@lemmy.net.au -1 points 1 week ago (1 children)

They’re valued at whatever people will pay for them.

[–] mcv@lemmy.zip 0 points 1 week ago (1 children)

That doesn't mean that value is reasonable, though. The stockmarket has a rich history of hysteria and irrationality.

[–] FreedomAdvocate@lemmy.net.au -1 points 5 days ago (1 children)

It doesn’t have to be reasonable, it just has to be what the stock market values it at. That’s how valuations work.

[–] mcv@lemmy.zip 0 points 5 days ago (1 children)

Are your unaware that you are arguing towards a tautology? "It's not overvalued because this is what it's valued". That's meaningless.

If the assets, profits and projected growth do not justify the current valuation, it's overvalued. That's the case for Tesla.

[–] Jumpropegazing@lemmy.zip 2 points 1 week ago (1 children)

this is an extremely surface level understanding, the stock markets value tesla highly because of a history of government subsidies and protections as well as musks perceived closeness to the white house because of how much he paid into the presidency. This has been shown directly through stock analysis around certain events such as the results of the recent american presidency election which led to the stock of tesla drastically increasing overnight. and surging ever since, with notable drops during times when he feuded with trump more openly, losing a 150 bn dollar valuation over just a couple of days at the time of june 5th. And they only started to marginally improve after musk apologized.

[–] FreedomAdvocate@lemmy.net.au 0 points 1 week ago (1 children)

None of that goes against what I said, or is even necessary to add. The market decides the valuation basically - that’s what I said. That’s what you then said, while saying my statement was “an extremely surface level understanding”.

The stock market is all about hopes and dreams, expectations, fear, uncertainty, doubt, and a massive dollop of manipulation.

[–] Jumpropegazing@lemmy.zip 0 points 1 week ago (1 children)

you compared a tesla to a Lamborghini... and were complaining that chinese evs selling well doesn't mean theyre better than teslas when objectively many of these cars have a bunch of reasons that they are reviewed better than teslas. You using the stock market to act like teslas are some gold standard has some pretty big importance as to why it matters to bring up Elon Musk and government subsidies, because tesla wouldn't have that valuation at all without those realities.

[–] FreedomAdvocate@lemmy.net.au 0 points 5 days ago

Ok I see the problem - you don’t understand the comparison. I’m not comparing teslas to Lamborghinis.

I’m not using the stock market to act like teslas are the gold standard either.

You’ve basically not understood a thing I’ve said, despite me using the most basic, as old as time comparison tools and logic.