Tesla's Future Rides On Elon Musk's $1 Trillion PaydayOne Way Or Another
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Tesla's Future Rides On Elon Musk's $1 Trillion PaydayOne Way Or Another
"I do not think there would have been a Tesla, as we understand it today, without Elon Musk. No, he didn't start the company, as many believe. But Musk's early capital, leadership through the Great Recession, early product decisions, ability to hype the company on social media channels (including one he'd later own) and general Steve Jobs vibes are a major part of what propelled the company to its current state."
"I would be utterly shocked if Tesla shareholders did not vote to go forward with Musk's trillion-dollar pay package at Thursday's annual meeting in Austin. As we've covered before, Musk has intimated he may take his talents elsewhere if he doesn't get what he wants, and there's just too much riding on Tesla's stock price and market capitalizationthe latter eclipses many other carmakers combinedto see him go."
Tesla's emergence into its current form relied heavily on Elon Musk's early capital, leadership during the Great Recession, product decisions and capacity to amplify the brand through social media. Musk did not found the company but shaped its direction through aggressive messaging and charismatic leadership. The company has faced setbacks: market share has declined amid backlash to Musk's vocal right-wing politics and limited recent innovation on electric vehicles. Musk's focus is divided across AI, space, social media and other ventures. Musk now seeks an unprecedented pay package that would concentrate long-term control, prompting a shareholder vote that could determine Tesla's future trajectory.
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