How do you explain, in a rational way, that stockholders decided to vote to confirm Elon’s massive pay-package?
The only explanation I have is that these people believe that bending to Elon’s will means he will reward them by inflating TSLA with meme-stock level shenanigans.
Is there any other rational explanation, as opposed to “whoever has voting shares is already part of the Elon cult?”
In one way it’s only fair to pay him what he was owed. The package was a way to incentivize him to get the stock price up and meet revenue goals. He hit every of the goals but one. The board failed the company in structuring a proper pay package and there was an element of luck where the stock just exploded in value.
Perhaps this came up because investors finally got a peak at margins and saw there was a giant off shore line item. Otherwise it seems like an "automation rate" is a really ambiguous number for investors to track.
> This type of deception not only victimizes innocent investors
Also this was a funny line
[0] https://www.businessinsider.com/amazons-just-walk-out-actual...