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Phil1111

Elon Musk is Underpaid

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Mr. Musk thinks Tesla has underpaid him. He has already cashed in at least $22 billion in Tesla stock. Now he has demanded another $80 billion in stock otherwise he will move AI developments to another company.That same year his actual ownership of Tesla stock went up

"Elon Musk, the chief executive of Tesla, stunned investors by demanding that the company’s board give him shares worth more than $80 billion if it wants him to continue developing products based on artificial intelligence."

He currently owns 17.7% and wants 25% so "it can't be open to hostile buyouts" How much is too much?

Edited by Phil1111

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