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Technology / 24 days ago
Elon Musk’s $56 Billion Pay Package: Still More Elusive than a Self-Driving Tesla!
Elon Musk's quest for a staggering $56 billion pay package hits another roadblock as a Delaware judge declares it elusive, leaving shareholders divided and the billionaire scratching his head. Amid humorous suggestions for crowdfunding and dream theme park plans, Musk's fortunes remain as unpredictable as his self-driving cars.
In a stunning development more surprising than a Tesla driving itself into a parking space, Delaware Chancellor Kathaleen McCormick has ruled that Elon Musk is still not entitled to his jaw-dropping $56 billion pay package. In a decision that has left shareholders scratching their heads and Googling "what is too much money?" McCormick has firmly asserted that even at SpaceX speeds, Musk is not crossing the finish line of this financial bonanza. The ruling comes after recent shareholder efforts to reinstate the colossal compensation plan, which would have made Musk’s earnings rival the GDP of a small country. Critics have long argued that the package is excessive, resembling more of a "How to Spend Money You Don’t Have" guide than a salary. Such headlines are surely harder to find than a Model 3 in a non-Wal-Mart parking lot. Musk, who previously held dreams of becoming more eccentric than Richard Branson, was reportedly hoping to fund his next extravagant endeavor with the windfall. Sources close to the billionaire revealed that he had plans for a brand-new “Musk Land,” a theme park dedicated to all things Tesla, from “Zero to 60 Roller Coaster” rides to “Autopilot Cafés” where drones serve your food while reminding you about their superiority. The ruling has drawn a mixed response from shareholders, some of whom praised Chancellor McCormick as the "sensible adult in the room," while others have dismissed her decision as a mere speed bump on the road to unchecked opulence. One shareholder, who wished to remain anonymous, said, "I mean, could we at least pretend we've tried massively overpaying him first?" Following the ruling, Musk took to social media to express his utter confusion. He tweeted, “Is it too late to just accept all this in Bitcoin? Or maybe a fleet of cybertrucks? #brokeandstillawesome.” His followers chimed in with suggestions including personal jet packs and golden paychecks carved from Tesla batteries. In a particularly humorous twist, a suggestion for a crowdfunding campaign to raise the $56 billion required for Musk's compensation package went viral, with millions of users humorously pledging small amounts like “a taco” and “a fun day at the park,” but mostly just their best wishes. As the Tesla wheels keep turning—and despite the odds being stacked against him once more—it appears Musk will have to wait a little longer for those sweet, sweet billions. Meanwhile, he can always console himself with internet memes, the endless praise of his ideas from adoring fans, or perhaps, a nice, quiet drive in his very own self-driving Tesla—provided it remembers where to take him.
posted 24 days ago

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Original title: Elon Musk's $56bn Tesla pay package rejected again by US judge

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