Those Delaware benefits sure worked out great for Tesla didn't they. $5 billion dollars to a law firm, $5 billion they could have sunk back into R&D.

 

I don't think those lawyers are getting anywhere near $5B. That would be insane. Lets let it play out and see what they actually get before we start screaming bloody hell

 

I looked it up for settlements over $1 billion the lawyer fee is typically 10.5%.

 

I was just reading an article on this, and if (if is a big question) they got the $5.6 Billion, it wouldn't even show up on Tesla's balance sheet and it would be fully tax deductible.

But again, I doubt they are going to get anywhere near this amount. It would be the biggest corporate settlement in history, lawyers who sued Enron got $688 Million

 

We have different definitions of zero lol

 

The Cyber Truck thread is up one level

 

I think that counts as "Tesla News"

 

There's a Cyber truck thread for this

 

Cybertruck is not rusting it's the same type of iron fallout that you see on painted vehicles. Difference is you can easily remove them on Cybertruck if they dwell on a painted surface for some time the damage is permanent.
There has never been a comp package voided by a Delaware court never mind at this level. You can't go on any precedent at all.

 

There has never been a comp plan at this level

 

I think you just stumbled on the key here, which is the text in bold. Again, I'm no expert so anything I say is only opinion. If you ask me as an investor if he should get $56 B in compensation, that a lot of freaking money.

Let me take a different approach. Now I'm no Elon (duh), but I've done a hell of a lot for my company, including designing and building it's infrastructure from the ground up, and that's for three geographic locations. I work 6 days a week, I keep all three locations monitored and patched. Last year our stock underperformed, so I didn't get my yearly bonus, nor did I get my yearly restricted stock units, and I won't get either until our stock reaches above $11. Also our CEO to boost morale for all the employees, gave up his compensation until the stock performs above $11.

So what does that have to do with Elon's compensation? Well, as a Tesla investor, the stock has significantly tanked. And I blame some of it on him. Not all, but some. So if the stock was above $300 or $400, as a shareholder I would be all for him getting what he's asking for. But as long as the stock is underperforming, that's a lot of money he's asking for.

Just my 2 cents

 

Since Elon inked his comp package the stock has not tanked in 2018 TSLA was under $20. Explain to me how anyone that bought shares back then can show damages.

 

The Comp package and stock tanking have nothing to do with one another. The litigation was over the compensation package.

As far as you're second question, that's above my pay grade I'm afraid

 

You said his compensation package should be in question because in your words the stock "significantly tanked". That is false, it did not.
His compensation package was based on performance goals. They were met. I voted for it, I voted for the board members that approved it. You say the comp package has nothing to do with stock price then at the same time say at $400 the package is valid but now not so much.

Here is how the filing opens:
Now tell me how the stock and the compensation package have nothing to do with each other in the lawsuit.

 

​​​​​​That was my personal opinion of what I think, and I made that clear. I've already said my piece on this, I don't want to repeat it again.

The stock was nearly $300 earlier in the year. Today it was $188. That's a pretty significantly drop in my book. Not a big deal, I know it will eventually go back up like it always does.

I'm simply not going to get into any speculation if Elon's compensation package is right or wrong. I have my own family and finances to worry about. I'm not going to cry over a billionaire who didn't get what he wanted