If he met the targets... he should be paid!!!!

If Elon Musk met his target, then he should get paid. The agreement says he gets paid based on the performance of the company, so the current performance makes him eligible for $56 billion, then they should pay him his worth.

This is partial information. Only valid statement in the video, "would the company made what it made without musk". Rest of the information is all retrospective. When the pay package was announced, Tesla was valued (if I remember correctly) around 50 - 60 billions USD in 2018. Today's market cap is below his payout criteria. It can argued if the market jump was due to manipulation (jail him if proved guilty). Just because nobody else got this kind of payout structure, doesn't make it illegal. Most of the initial investors in TSLA are Tesla Car Owners(including me), they trusted his vision, sustainability and invested not because they were expecting huge returns. I gained from TSLA (currently I reduced my position to almost nothing). When I saw the pay package numbers in 2018, I thought it's ridiculous. Retrospectively I would have preferred better vesting criteria (may be 10 years) or some portion tied to his post-retirement value.

This goes to the core values of our society. A man who built a brand from scratch worked passionately for 10 years and now when it's time for him to receive his due these people have a problem with it. If this contract is breached then no contract is valid and what is the meaning of having contracts anyway. But as an Indian, I can relate to this. Here also we don't get paid based on our performance. Whenever we exceed expectations, the bosses somehow find a way to pay less. Perhaps this sentiment is driving these people.

when the compensation package was announced in 2018 ..... everyone said it was ridicules .... the targets can never be met!

Elon is Tesla and Tesla is Elon.

Make Palki CEO of First Post qnd see her complain about salary

A deal is a deal, he should be paid, period.

And you did not mention the initial stage of tesla where it was almost went for bankruptcy this guy single handedly save that company and caz of that many workers became millionaire plus he live in a tent like a house !! is it like garnishing bad name to enter to indian market Firstpost has disappoint me first time

Tesla 2018 - 2022 (timespan of the comp plan): Revenues: $191.4 Billion Gross profit: $45.2 Billion Net income: $17.9 Billion

The pay which was AGREED upon

It is his idea and he initially created TESLA with his own money and he is the first successful EV maker in the world. He is capable inject many ideas to the companies which you can fix the price! He created many millionaire owing his stocks - he is deserve to have any amount of incentives and salary.

There is no definite formula for how much one should be paid. I think if someone has created new wealth (without destroying another kind of wealth), then that person can be paid any amount.

I'm a little surprised by the opinion shared by Palki in this segment. Elon is the co-founder of the company and took over as Ceo in 2007 (if I remember correctly) when the company was worth next to nothing. He took the company to a market cap of ~60 billion dollars in 2018 when this pay package was announced. Shareholders overwhelmingly voted for this pay package at a time when the entire world was laughing at the targets set for the payout (you are free to look up the articles and media coverage at the time). Now, the company is worth 500 billion and all targets were hit and suddenly it's unfair. Its also disingenuous to report how the stock has done over the past year and not mention how it did since the announcement of the pay package in 2018. Its also important to remember that shareholders are the owners of the company and they have every right to decide how the CEO is compensated. The soliloquy on Ceo pay was nice but unnecessary. At the end of the day it's demand and supply. You want the best person running your company then you have to be willing to pay accordingly. When companies are worth hundreds of billions or even trillions, then leadership is extremely valuable. Every decision is worth hundreds of millions or billions in revenue/profit etc. As a shareholder, ill be voting in favour of Elon's pay package. The man has revolutionized the automobile and space launch industry, even when the rest of the industry "experts" and the wider world was laughing at him.

Elon is Tesla! The value he brought to the investors alone makes the pay package worth it. Remember when Tesla was worth $14 and now it’s at ~$150!

I think what separated this analysis of Palki from the usual rich-bashing was how she qualified her statement with the opposing narrative at the end. Kudos to you for giving a more holistic picture.

Talking about whats in U.S. but someone say about Adani Ambani then its become an India insult... Why not consider that as a business point.....😮

Worth paying the payment for his productivity and efforts

He's earned it!

Unjust, an agreement should be agreement. Here onwards the share holders should be careful instead

1) He did meet the target where nobody believe is possible 2) He is a man of vision (history has shown us that this type of people are usually being targeted as people don't want them to succeed but they will leave behind a history to be remember by our future generation) so he should be paid and encourage to break the limit of mankind It's clear that his news channel is always bias in a lot of times.

He created and founded his American dream company. Why shouldn’t he be compensated the way he likes if the majority of shareholders agree? We’re about democracy after all. If anyone doesn’t like that, they should create their own company and call the shots, the way they like

As of my understanding it does. He had given his whole life to it. In simple terms it is like more risk more profit. If the company disappear suddenly the workers will find the new job but its elon who will be most affected

They better hold off on that pay deal, looks like a lot of people are very upset to say the least on the cyber truck he dumped on the market before it was ready..

What about your channel's salary structure

When the compensation was announced, it was next to impossible, then everybody agreed because they knew that it cannot be reached, but he proved them wrong. He converted a bankrupt company to a 1 trillion company. And he didn’t take salary till date. Better pay up.

A few corrections are required. His stock options were set when all of the big players in the market, were saying that the company was a ridiculous pipe dream. It should also be noted that 80 percent of the shareholders voted in favor of his options and incentives package. It should also be noted that Elon himself said that Tesla share value was too high. And the SEC came down on him like a ton of bricks, for stating the truth. Eviserating freedom of speach. Tesla was taken to court by a vulture legal firm, representing one head banging rocker who purchased 9 shares. The firm works on a percentage of what they win. Their legal fees in this case are 6 billion dollars. The Judge should have recused herself, since she had a personal connection with the legal firm. And may receive a portion of the payout under the table.

Why don’t you guys show the highest tax payment in history that he made $11 billion dollars

It is unfair to compare the CEO of a company with the workers. Can we compare the skills? Skill does matter! The ordinary worker may not even know the list of skills required to be an CEO of a big corporates. Acquiring those listed skills are for another day of topic.

It's reminds my tweet long back. Elon and pichai: "when company does well, it's us. If company does bad, we have more head count."

bruh, you said they didn’t realised those targets were so easy 😂 I insist everyone to go and look at those 12 goals and where the company was at 2018. You would understand that no other human being on earth could’ve achieved those goals apart from him

Comparing junior engineers or workers with elon musk is very interesting. Its about demand and supply. Elon is the only one.

Can you please make a video of how much a MP or MLA earns vis-a-vis a Normal Voter who is voting to get them to that place. Also please don't forget the perks that come with those positions. And the perks enjoyed by a common man. Thank you.

Why Musk Fanboiz CRYING in Comment Section?? You Should know the Other Side of the Thing Too.... be Habitual to Healthy Criticism 😅

Definitely if Elon was taking responsibility of companies performance then he should get paid what was promised.

This news report is nonsense. Why not compare the value of tesla when the deal was done to when the deal came to frustration. Or even what is it worth now? I'm a tesla shareholder, and I think we got a fantastic deal. What's this woman compensation compared to a farm worker in India?

You are wrong about BYD. It is not the largest EV manufacturer yet, it is largest by all cars only. Tesla still leads, EV-wise. Get facts right, that's the only thing expected of you, unlike others.

Talking about U.S and business is okk but when someone say about Adani Ambani then it became India insult... Why not consider thise as well as business point....

I think i read somewhere that the man doesn't own a house , lives in his research facility and about his sole dedication to his company, what then will he do with 56 billion dollars.

It makes sense to make his package as high as possible. Atleast he will end up paying tax for his salary.. which is good for the economy atleast..

He delivered more than he promised. He must be paid.

Shareholders approved it. Period. How can a judge over rule something that has been passed by majority and has been proved to be beneficial to the shareholders to say it otherwise?

what a biased point of view. no news channel is trust worthy. Why is she comparing tesla stock price performance to last year? she should compare it from 2018 when the pay package was made. And if in 1 quarter BYD sales exceed Tesla, why does it matter? no one will say that Tesla makes more profit on each car than BYD. So much hatred towards Tesla and Elon for no reason. Damn

The smartest and beautiful new reporter ever ❤

What was the stock price when the deal was made and compared to what it is today.

What the problem, Musk made a deal with Tesla board, and now they need to pay him. The moment E. Musk would sell all Tesla shares the company will be over...

Congratulations musk my man You truly deserve it

Very true issue for debate n perfect food for thought for all MNC company normal.Middle Class Famiky oriented Employees compensation packages V/s Highly paid, Fully Fasciliated senior Level Executives Responsibility to Leave organisation by simple Bye Bye as So Called Professionals during any company Crises..

He started the damn company!

He Should be paid. Noone talking about the risk he has taken. Risk and rewards go hand in hand...

Were the shareholders blind or uneducated or some cases had not enough lawyers with them? They must have knew what they were signing into and also they didn't believe this day may come in the future. Elon Must is someone who revolutionized the EV industry where people laughed hearing EVs. He is worth it and you have to honor what you agreed to. Apple had that experience when Jobs was kicked out.

This kind of content never done by any news channel in india. Great job first post team and palki. Give some advice even News18 hindi news channel

Did she say the targets were easy? A large part of the compensation was market cap. Tesla would have to be worth 10x the value of when the compensation was originally proposed. Everyone outside of us shareholders who voted yes understood that it was a difficult goal but would return a lot of value to shareholders.

I love her as a speaking head. Excellent cadence and elocution.

These comments pertain to logic rather than Elon Musk. If someone received a bonus in the form of shares five years ago, and those shares have increased in value at an astonishing rate over the past five years to the point where they are now ten times more valuable, it raises several moral questions to consider that the recipient is not eligible for the bonus based on the initial valuation from five years ago. Taking back the shares that have increased ninefold and returning only the amount equivalent to their original value poses many ethical dilemmas. For example, suppose someone received Bitcoin as a bonus 20 years ago, and its value has now increased 100,000 times. Should we then take all the Bitcoin and allow the person to keep only what was worth the original value 20 years ago? Both the share and Bitcoin examples involve risk, as the values of these assets could also have decreased. Therefore, the bonus recipients took a risk, and fortunately, it resulted in a positive outcome

Wiyh high responsibilities come high rewards, but the issue of layoffs 10% vs pay package deal is out of chronological order

That's a plain corruption. Some CEOs steal ideas from other people, even from his own employees. To claim all merits for any progresses made by their companies is just narcissistic.

Well deserved.

It's does make sense ......he is the owner ..inventer ...he puts 18 hours a day the company

Tesla shares value has increased by aprox 4000% since being listed on the exchange. He should be running the world.

A deal is a deal, & this pay package was agreed & decided by shareholders long back with majority of votes, and he deserves it, and don't compare ELON with rest of the world CEOS. He is the FACE of the company and his contribution to this world will change the future of humanity. Please check the FSD videos on you tube and see how ground breaking solution it is. He creates his own trail and everyone follows it.

Palki ji, this is easy one 😊. Having effective CEO is very important. We can look at Microsoft performance Vs Google performance. Both companies have amazing engineers so no problem there, but what Microsoft CEO vision is way better than Google CEO. So Elan Musk is Tesla and if he needs extra push to share his vision then so be it.

So Palki do you accept your salary as same as your basic employee in first post? If Elon wasn’t there. There would be no Tesla today. Hope you do some good journalism here.

What kind of nonsense reporting is this? Sounds like she has a vendetta. Put simply, the deal has to be honored. But for those who don't know why, here's the breakdown: State of Tesla when agreement was made: Tesla Market Cap: 59 billion Musk Salary: 0, gets nothing if Tesla doesn't reach 100 billion - “Production hell”, building cars in a tent in its car park, while making some models without seats or computer modules because of supply chain fumbles - Previous production milestones missed - Just 12 billion in sales - Barely 400 million in profits - Overtaking GM in revenues and Microsoft in valuation seemed unattainable - No one took Tesla seriously, with Bill Gates among others shorting Tesla stock Pay Package Agreement Targets: 16 separate financial targets spread across... - Revenue: 175 billion - Adjusted earnings: 14 billion - Market cap: 650 billion Now pause for a moment and think how difficult, maybe even impossible it might be to take a struggling business from 59 billion to 650 billion. If Tesla failed, Elon Musk's efforts, pain, time and stock would be worth nothing. Reward for Musk if he meets targets: - Roughly 10% STOCK in Tesla - IF he hit 12 of the 16, he would be able to vest shares worth upwards of 50 billion - ie. If he worked so insanely hard to achieve almost unattainable goals he would increase the value of Tesla for all shareholders that were willing to take a risk and bet on him, for which he would get 10% stock. 10% stock that would not be worth as much had he not been part of the equation. What Tesla achieved since the agreement under Musk's leadership: - Increased output - Sales soared - Shares rose past those in Toyota, topping $US1 trillion in overall market value - Model Y became the best-selling car in 2023 - He did it, and no one else in the world could have done it Now look at the hypocrisy: - The plaintiffs making the complaint have increased their net worth significantly because of Musk - The plaintiffs' Attorneys want to be paid in Tesla stock 🙄 Why the agreement should be honored: 1. It's the law 2. It's right 3. Musk exceeded his targets 4. Musk is cash poor and uses funds to invest in projects that move humanity forward, so let him.

What's with this lady's beef with Elon. She's not AOC 😂

If this was challenged before the targets were hit and they won it would make sense. Now that the targets have been hit then the agreement should be honoured. If you give me a job and we negotiate a salary I will work as hard as I can for the agreed amount. You cannot try to renegotiate after I have delivered. My efforts and committment to delivering is directly proportional to what I will get out of it. Pay Mr. Musk what is due to him.

first non sensical story, have you seen what he did from when he took over ? Just showing 1 year return is illogical

Why is this so hard to understand? We shareholders voted for it, he delivered, Tesla owes him.

He could rebuild Texas with that

TESLA cars can monitor your every movement and can be stalled while driving? So is BYD much safer when privacy matters

No one seems to be able to answer if FSD cars will be entitled to the autonomous upgrade when it becomes available. Or will it be a separate purchase????

The pay package was voted and approved by shareholders. Any arbitrary opinion like fairness, motivation, or "star struck factor" don't matter.

It makes proper sense

$56BLN is 1/5 of Tesla market cap!😂

Absolutely he is

His company, his wish. Share holders wouldn't have a dime if not for Elon. Who are they to complain.

Is the person who cleans your office everyday paid proportional to your earnings madam?

If there was no Elon Musk there would be no Tesla .

A man is only as good as his word...pay up

Elon is worth much more 🎉🎉 No car is near to past model of Tesla yet

fter two and a half years from an all-time high, I now believe that it's fair to say that Musk has failed his investors; furthermore, he has proven himself incapable of restoring and recovering Tesla's valuation. While I agree that Tesla has had its challenges, but Musk himself has been part of the problem. That said, Tesla should not agree on a compensation package until Tesla's stock reaches $300 dollars a share. That is the incentive he needs; otherwise, he gets paid billions and never really has to perform to the level required to drive Tesla's stock back up to $300 dollars a share.

Greed is the opposite of humility and leadership as a service.

Basically he is encashing his stakes foreseeing deepening share price

So when you're done woffeling bla bla bla, He started the company and he gave jobs to more staff than many other companies in the world. So, Yes, He can have more than $56b

Palki seems have some bias against Elon. Tesla was on the bankruptcy which is why they okayed that deal. Now reneging on that deal is bad faith.

i love how you only tell one side of the story .!!!

He should be paid. It's not easy to run such company and also meet some targets that was set. Anything he does, the way he lives his life affects the company. So if the company is not dead in his hands, then he should be paid.

So long as pays 1/3 of it in deductions and income tax like any other worker would be required to

He took a dream of two, a future plan for government's & made it a reality for the world...yep he deserves it...

Provided 100% tax is paid on CEOs compensation...

Palki this 56b dollars for Musk could this be taken as a Golden handshake. Will Musk take an exit as CEO with Tesla underperforming with high inventories and declining Sales affecting Tesla bottom Line.

it makes complete sense.... elon never started the company, he bought part of it to become the ceo now it's tanking, he's taking his money back duh

Are BYD selling more than Tesla? Or just manufacturing more !

Performance is Performance

Makes sense to me

He deserves it. He earned it!

There are over 100 EV car companies in China. Tesla is probably ranked somewhere at 65. Elon Musk has literally given up on Tesla because innovation and vertical integration production has killed his company off on price and quality. China is just way ahead. I would short this share now.

I will now no longer listen to you because of this hatched journalism.

Doesnt get salary but dividend becoz of the shares rights ? And in many countries normal salary taxes are very high rather dividend tax rate are low

Unlike so many other corporate executives who run their companies into the ground, then abandon ship with a lavish golden parachute that REWARDS them for failure, Elon Musk's pay package gave him absolutely nothing unless he DELIVERED on insane performance targets. This was one of the most shareholder-friendly, shareholder-aligned pay packages in corporate history. And he delivered on ALL of those targets. The shareholders benefited hugely. The company benefited hugely. Every other corporate executive alive would have turned down the deal that Musk accepted, because there were no guarantees, no safety net, no nothing. Elon Musk has earned every dollar of his compensation. Pay the man. This is one of the dumbest "controversies" in a very long time.