Elon Loses $55B: The Silver Lining / New Model Y Timeline / GM Earnings ⚡️
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- Опубликовано: 22 май 2024
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===================================
00:00 - Giga Mexico Update
00:41 - Citadel CEO on Tesla
3:58 - Tesla China
5:24 - First Month
5:44 - CNCDA
6:58 - Administration Praises Tesla
9:27 - Model 3+ Range
10:07 - New World's Largest
10:38 - LG and Tesla
11:27 - Leno Praises Elon
12:19 - Adaptive Headlights
13:01 - Elon Has to Be Furious
23:21 - iZEV
23:48 - BYD and Tesla
24:25 - Ford EV Deal
24:36 - GM Earnings Highlights
28:00 - Akio Toyoda...Lol
28:44 - India EV Adoption Roadblock
28:56 - Lucid Expansion
29:10 - IPO's Cancelled
29:25 - Tesla Stock
===================================
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Figured I'd save this for the comments...the plaintiff in this case had 9 Tesla shares. As Elon always says though, the real plaintiff is always the class action firms behind the whole operation
When you are exposed look for a scapegoat.
Trump says it’s always worked for him.
That is my question. To have standing, whomever brought the suit had to own at least one share. So, what is the game?
@@who2u333 I'm wondering how the 9 shares could speak for the 81% who voted to allow Musk's compensation? There is something fishy here...
The law speaks@@sambira
Read the opinion and you might change your mind.
The Judge is essentially saying shareholders are stupid for accepting the deal, forgetting a vast majority of shareholders are way smarter than her.
As a shareholder I feel like we’re the most informed.
That’s what you get when you list publicly, you accept this risk as a company because you want the money. If you can’t stand the heat, go private.
The suit was brought by a shareholder. So yes, he was smart to try to protect the shareholders since the board is full of Elon's friends and didn't do their job to protect the shareholders.
Not stupid. Not given enough information to be informed. There is a difference.
the judge is a Democrat Party Partisan following orders to persecute, harass, punish Elon Musk & husband companies in every way possible for having 5he nerve to expose Democrat government directed tech/media censorship & insisting on free speech on Twitter/X.
Richard J Tornetta had 9 shares when sued Elon/Tesla. He's a thrash metal drummer and owns a parts store. Psychologically, I get the feeling he is one of those who cannot measure up in life and hates the ones succeed more than him.
I’d be interested to see who was underwriting his legal costs.
I'd bet the law firm had the plan and then found someone to claim to be a victim after.
Why the F do we let our economy depend so heavily on a small country. We should diversify our sources including producing semiconductors here in the U.S.
Thinking Tornetta was really the one behind this lawsuit is like thinking Cornpop Biden is the one calling the shots as president. Neither could be further from the truth.
He's driven by envy, and probably politics. The judge is definitely driven by politics.
I’d really like to see who was underwriting the plaintiffs legal costs.
I would also like to see how much the lawyers would make if this corrupt ruling is upheld.
In one of your videos late last year, you mentioned a program in Texas that had some $2500 grants for people who purchased electric vehicles during a specific time. One of my brothers made such purchase of a Tesla model 3. When I heard it on your video, I immediately contacted him with this information. The next day he applied for the $2500. Today he found out his request was excepted and he will be getting the money soon. We just wanted to say thank you for information like this that you provide in your videos. Keep up the great work.
this is awesome to hear, thanks for sharing!!
Your brother owes you dinner!
Great time to spend it on TSLA.
accepted.
Could you share details of this? I bought a Model 3 last year and would like to see if I’m eligible. Thanks.
Where has this brilliant and honest Secretary of Energy been hiding all this time?
It’s an election year…time to say what most people want to hear…for now
She's been relatively quiet yet consistently working to support the switch to sustainable energy. Ditto for the Transportation Secretary. Been posting relevant info to both on twitter for years🥰
@@Jethr001
It seems that the term "Say what most people want to hear" has changed?
If Jennifer Granholm Secretary of Energy was not born in Canada I would nominate her for President of the USA.
@@jjamespacbell Explains why she's so nice🤣
So this Judge in Delaware improperly ruled against Elon in both the buy Twitter case and this one. At a minimum, Tesla should incorporate elsewhere.
She owes him 78 billion now.
Yes he should incorporate in a red state or China, either one would give him more protection than a Democrat cesspool.
67% of shareholders approved of the compensation. How does someone with a handful of shares (9?) reverse it? The compensation is based on crazy stretch goals. Elon is a rare person. The heart behind Tesla, Space X and recently Neurolink implanted the first chip in a human. This isn't Frankenstein but to help the severely disable to communicate and perhaps have more mobility.
Improperly? How so? Elon agreed to buy Twitter before doing the due diligence and had to use Tesla as a piggy bank to pay for it partially. This should concern you as a Tesla shareholder. As far as the $55B+ ruling... the compensation package was the largest in history, 2nd largest was guess who? Elon again. Elon is the face of the company no doubt, but the board of directors do their job in negotiating the compensation package which is part of their fiduciary duty to protect the shareholders. That was the heart of the argument for this case and it was abundantly clear that the BoD were biased towards Elon.
Tesla shareholders approved the package. The Board created the package. Shareholders put the board in place. Some clown with 9 shares are not happy while million with a lot more shares are happy, Elon had to earn his options. He grew Tesla from a $40 billion to $800 billion. Any CEO that can grow 20X deserves to be paid well.@@iko3
IMHO, they should reincorporate in Texas or Nevada and then redo the old comp package. In the process of reincorporation, they could build a different stock structure that Elon has been eluding to recently...
I am no business lawyer, but if it was that simple, I am guessing the army of lawyers Tesla has hired would make a move like that to make sure Musk got paid.
It sounds like this is something Delaware could have fixed, and maybe their state legislative body could make the changes would be my guess. Not sure how they view Musk, but they love being one of the most corporate friendly places in the US, maybe Canada as well.
Sounds to me like you want to dissolve the current Tesla and start over again. Going to be a lot of angry investors. The lawsuits after will make Elon poor. Would love to see the drama unfold. Got my popcorn ready. :)
So the judge is saying that since I was paid last year and told my boss I liked my job and had no intention of leaving, then they shouldn't have to pay me to work this year?
Better yet, the so-called judge should say, "based on my insightful logic I will henceforth work for free myself".
Lesson not learned from the first Twitter lawsuit, Elon. 1. Never incorporate your business in the state of Delaware. 2. If currently, incorporated in the state of Delaware; incorporate your business in a more business friendly state like Nevada. The only winners in this case are the lawyers.
Seems to me that the lack of real emerging competition proves how difficult it was/is for Tesla to achieve what they have.
fact.
This is absolutely true.
Fact! No other company in history of complex product manufacturing did what Tesla has done in increased production. Famous bear said that was impossible. How can the judge say it was 'not fair' compensation.
@@onelife8218 because the "Judge" is an idiot and is justifying her hate-based ruling on ignorance.
Ken Griffin made it sound like Tesla is not an American company. It's more American than GM.
Less and less every year tho
If you mean less and less, based on them opening factories in other nations to build locally as much as possible, maybe. The expansions in Nevada and Texas means they are growing their US production. They are just willing to build anywhere that makes sense. Musk has spoken of how it is better politically and for the environment if they can build as much of the vehicle locally in each major market.
Ford, GM, they are the ones who feel less and less American as the years go by. @@SetTheCurve
@@kevtheobaldtsla’s lithium and cobalt are usa sourced? 🤯….😂😂😂😂😂😂
@@hoppingrabbit9849 They build most of the parts here. They have battery factories here. They are building lithium facilities in Texas. They do what they can to source locally. Far more effort put into going local than any other manufacturers. There is a reason Tesla vehicles are listed as the most American vehicles you can buy when looking at parts and labor.
Tesla is partnered with former Tesla employee, founder of Redwood Materials, to create a closed loop program where all battery materials will be sourced through local recycling. We will see if they meet that goal, but it another way they are becoming more American.
@@hoppingrabbit9849 what's all this excitement about cobalt. You do know that most of the cobalt demand in this world is for refining gasoline???
So can I sue the 9 share holder as…le for doing this if I have 150 stocks?
I think this simply comes back to another shareholder vote, given all shareholders have had now the benefit of history and hindsight. I'm pretty confident the shareholders would vote in favour and that would eliminate the judgement completely.
I'd be curious about the results of such a vote.
Especially knowing how much value tied to tsla stock was sunk into the twitter acquisition
And knowing that some shareholders are not pleased with recent events (seeming lack of focus on moving Tesla forward & all but threat to grow ideas outside Tesla if not given another comp plan which this set precedent for)
@@osaimola None of that changes anything if the shareholder has had shares since the comp plan vote in 2018 and seen the results in their portfolio value to now. It’s only short term traders and new shareholders that may have a different view. Had you been a shareholder in 2018 and now seen the results of the insanely hard comp plan play out honestly vote against it? Would you really vote for your shares to go back to $17 per share from where they are now?
I’d certainly vote for it, but unfortunately, for some technical reason being UK based, I don’t get to exercise my votes! I don’t really understand why.
Genuine question:: Pls explain what you mean, $17 where come from? H
Did the judge demand that $TSLA has to go to $17? Why?
@@edwardhackett-jones8126 Strange, are the shares held in your name? Can your broker vote on your behalf?
Put the vote back on us - Tesla shareholders - I’ll approve his $55 billion
Lol
me too!
Elon's board model explains the success of Tesla. People working together get more done than the opposition model of the Delaware judge is key.
This ruling is basically saying that the next compensation plan has to be an adversarial process if Musk wants something similar to the last plan. That is, the Board has to offer less and Elon has to say he's going to leave the company unless they improve the offer. If the Board calls his bluff and takes the lower offer to a shareholder vote, and if the shareholders side with Elon and vote 'no' to the Board's plan, what happens then?
Can we sue the judge for fraud as she said she did it to protect shareholders but she hurt them 😮😮😮
He paid himself more money than the company made in total profit. That's bilking the shareholders.
@@onradioactivewaves "He paid himself more money than the company made in total profit. That's bilking the shareholders."
Perhaps you should do some basic research on the compensation package before you post nonsense like that?
@@yourcrazybear you call it nonsense but don't even factually challenge anything I said
@@onradioactivewaves he got you instruction, but you failed to follow them. he didn't get paid money but stock. and he made 600 billion dollars of stock
Thanks, Dillon, for the excellent coverage of the court ruling -- actually reading it makes a big difference! Who knew?
Your summary of the verdict was so concise and insightful! Thank you 🙏
At 17:17 😮… great episode. Been watching for years. Thanks for all you do! 🙏
At 19:47 🤦♂️ Inconceivable!!
It is disappointing the judge seem to ignore Tesla hit historical record levels of success. Few manufacturers have had the growth rate that Tesla achieved under Musk. If you looked at what "experts" were saying about Tesla at the time this comp package was created. I am sure many were laughing at the idea of Musk hitting the performance goals. Using the thinking of this judge, I believe Lucid, Rivian, and GM, need to have lawsuits filed against them. I am sure the law office who pulled this crap case into court might do the same against other companies.
You only have to go back to the media of the time. Most didn't even think Tesla would survive let alone reach such goals.
Exactly. The judge is not objective here.
Thank for all that you @DillonLoomis22 do for the TESLA community! 🙏
At min 5:00, would it be possible for you add percentage changes when comparing those quarterly numbers?
Thanks ✌️
That Delaware judge, an absolute waste of space. 80% of shareholders voted for the package which had seemingly impossible goals. Delaware is going to lose a LOT of businesses.
Ultimately, comments like this would actually support the plaintiff. He argued that the *company* knew the goals were 70% likely to be achieved, while shareholders were led to believe they were "seemingly impossible". If you wanted to support Musk, you'd have to comment that you (and shareholders) knew the early goals were likely and that the compensation for those early, "easy" goals (independently of the later goals) was fair.
Well put, about the Judge and this situation. Great video!!!
I have a 2022 MSLR and am getting the full range specified averaging 248w/mile since it was delivered. This is my 4th Tesla vehicle and they have all been excellent and getting specified ranges advertised.
Lots of good stuff here. Thanks!
Good job summarizing the case
19:45 fairness under DE law is heavily influenced by what is “market.” You can override all those considerations IF you have properly informed SH approval of a comp plan negotiated by a board not controlled by the CEO. It is not that difficult, I attribute this whole issue to poor implementation of the process by Tesla’s counsel.
Thank you. You are the only one who explained the judgement.
Best analysis I've heard by far on the lawsuit in Delaware, thanks for making it clear for non-legal people to understand.
My model y lost 120 miles range for a 73 mile trip last week when the weather was 20 degrees.
TSLA is by far my biggest holding, so no fud, but when you own a company you're always "working for free". It's not about "he has enough $". I've worked for myself most of my career, and the only way I got paid was to run a profitable business.
Elon made a good point a few days ago - something like "Fidelity owns about 20% of TSLA also - why don't they show up for work?"
@@frednicholson, I mean, it sounds like a good point, but they're just holding it for their customers. There's no individual there that owns all those shares. That said, if they want to give me those $55 Billy in Tesla shares, I'll work for "free" the rest of my life!
@@frednicholsonFidelity purchased those shares. Elon didn’t buy a share , he chose to be CEO and he chose to buy this company. Dillon misinterpreted this verdict in my opinion. This package needed to be voided and was unfair to shareholders. Who signs up to be diluted to hell by the CEO so he can fund his pet projects. He’s blaming Delaware for his shortcomings instead of himself. This verdict is good for Tesla shareholders because it sets a precedent for this CEO who wants to be a social media star. I feel no sympathy for his loss of an unfair compensation plan. The only ones arguing are his fanboys. I will be unsubscribing from this channel as misinformation is being spread.
I own a business too and I pay myself a salary. Of course, the size of that salary depends on how well my business is doing, but I still get paid!
Are you saying you don't pay yourself a salary?
Best coverage of the compensation package I've seen. Thank you for the measured, informed analysis. We'll done!
Excellent summary of the courts decision . I appreciate that you presented what happened in a neutral way and by reading directly from the written judgement.
Somehow Toyota's Toyoda IS NOT embarrassed. How was this not possible?
Goofed in selling it's Tesla stock? Blew it denigrating EV's? Totally screwed the pooch by relying on Hybrids ONLY? Was absolutely delusional in running off in ALL directions at once, pursuing every kind of power train short of rubber bands?
How about launching a flagship EV where - wait for it - THE WHEELS FELL OFF!!!!
THAT should be a tad embarrassing! People do notice, you know. Wheels are, I dunno, kind of basic to a car's function. They should stay on. Seems like a crucial minimal thing to demand, that the wheels stay on while driving. This is as basic & low-tech as it gets in automobile manufacturing.
I welcome the Model Juniper anytime. This car is a favorite by many people. So yes, makes sense to get it upgrade and built as soon as possible.
The Jeep PHEV registrations was a surprise.
Appreciate the long worthwhile video clips
Dylan i think you did a great job of covering the ruling. That said, I think ruling really shows that Elon and the board messed up. I think for the most part it's worked out okay for us share holders, but the the judge is making some solid points. This wasn't really a negotiation, it was Elon deciding his unprecedented compensation.
I think this bodes well for us on the next compensation plan. It will have to be even more ambitious than the last one. Lets just hope Elon doesn't decide to leave instead.
No 81 percent of shareholders approved it they decided to do it, Elon's idea was perfect so we oked it
Elon needs to do a Steve Jobs. Leave and set up a new corp. The share price will crash, and we all then could sue the plaintiffs for this situation outcome.
@@ralphdick3509 We would need to sue the trolling law firm that bankrolled this suit. The plaintiff hardly has a penny.
No, Elon and the board didn't mess up by negotiating cooperatively. Elon offered a plan where he would grow the company by over 1000% and he asked for a 10% "commission" to be paid ONLY if the growth was achieved. Quite fair by any standard except for greedy lawyers and incompetent judges.
Very helpful summarisation of the latest Tesla drama. Thank Dillon
In all honesty the best thing Elon can do is to walk away. I say that as as shareholder with a little bit more than 9 shares.
From now on, regardless of what ever remuneration plan they put in some jerk with a couple of shares will challenge it. That ruling is just totally rediculous.
At the time that the compensation plan was approved, all of the financial talking heads were laughing at the plan because they all considered the bench marks as unattainable. Elon went through "Production Hell" and he does not get paid for it?
Very good Elon comp coverage. Rob would be proud 😉
This now will set a precedent for all companies operating in the USA. Any one can challenge any compensation package approved by a company and its shareholders at any time. Second: Owning share in a company has no bearing on how much someone is being paid for work done. 🇨🇦
Hopefully the adaptive headlights work better than the Auto windshield wipers...
Great video bud. Curious to see how focused Elon is on Tesla now. Interesting week
I rarely see anyone compare real world range to Tesla's estimated range. Tesla only displays estimated range on the "Energy" screen/app. Instead everyone looks at Tesla's "Rated Range" number next to the battery icon. This is the range on the EPA test cycles, not an estimate of what you will get based on your driving, weather, and terrain. For Tesla to make the rated range closer to "real world" range, EPA will need to change their test, or drivers will have to drive closer to EPA test conditions. Driving 55 mph with low wind at 75 degrees F on level ground will get about the same range as EPA.
I was recently at a RV show where these two Chinese was selling a product. They were very friendly, I asked them about there 5% GDP for China, they said China government over inflate there actual GDP saying it almost 1/2 of what they say. I don’t know but thinking it possible. They also said China has made some bad decision on projects, they say China hurting financially as a country. Thoughts??
Maybe we should sue the plaintiff for devaluation of our investment!
Remember when the Government lockdown and killed off all these mom and pop businesses? No compensations, they can't sue either. Government is now tyrannical. So they do as they please and if you give them trouble, they can throw your butt in jail for any reason.
How does that devalue your investment? He literally has to give the shares back, the money is still there. You want it to be a profitable le company right? That amount of money was more than Tesla has made in profit Total. So where does it come from if otz not profit? Bilking the shareholders is where that money would come from.
@@onradioactivewaves First off is the risk that Elon will just say to hell with it and leave. Worse, he could go and found another company. Take a guess what that would do to the Tesla share price. And who do you think the Tesla engineers and execs would follow?
@@GntlTch so in other words, if he doesn't get his way, he's leaving? It's too bad for him that the share holder still get a say in what happens.
I'm not hating on him saying he or Tesla should fail, when it is done illegally with unfair advantage thats different. Win playing by the same rules everyone else has to follow and then its all good.
By far the clearest and most objective commentary on this that i have seen. U may b the new Rob Maurer.
Finally, a complete rundown of the court ruling, something my other Tesla sources did not provide.👍
Also at 6:40 the clip where I said the Model 3 was the best selling passenger car got cut out, apologies!
I'm wondering how the plaintiff got to the 70% likely to achieve goals value? That seems very much spitballing to see what sticks. Going from $60 bil to $650 bil does not seem like an achievable goal given the timeframe. Especially for a company in the automotive arena. I just call BS on this.
I think that's just in regards to the first couple targets. Not the big ones at the end.
I am confused about the Tesla Sales in Norway/Netherlands region. Aren't those areas affects by the Strike against Tesla? You know, the people that aren't unloading the ships, and servicing their shop, and delivering their good.
I respectfully think you spent too much time justifying an unjustified judicial decision. The 2018 Tesla Proxy Statement clearly laid out in detail the package and 81% of the shareholders voted for it. Overturning this vote years later with no indication of fraud is untimely and unjustified.
Are you an expert in corporate law?
Even if 81% supports ban on abortion, it only takes the judge to rule in favor of one person to have the right of abortion to make it the law.
@@tatata1543 When did lawyers pass a law saying only lawyers can think?
@MrEd2291 said "I respectfully think"
Have you read any of the actual ruling? I have just started the 200+ pages, but it seemed well reasoned to me. It seems like Tesla would be better off by not filing an appeal and actually engaging in a real negotiation that focuses on the interests of the minority shareholders. When the person who was doing most of the back and forth between the board and Elon, goes on vacations and had previously represented Elon in legal proceedings, it seems reasonable to me that he may have been biased. The board members involved had relationships with him for over a decade.
@@danjw1
Assuming it was a 8 person BOD that still has 6 BOD members and the shareholders voting for the compensation package. This was not a gift it was a contract. If Elon meets these goals he can expect this. What did you read that says different.
13:02 segment, I don't really understand fully. But who is the plaintiff in this case? Why don't they (the defendants) just drop it now and construct a new compensation package which they can now do? And move the headquarters? win win??
Here is a radical thought: How about the richest countries in the world start producing their own frickin chips...
Where have we heard that the voters don’t know what is good for them before? Simple solution: re-educate us stupid stock holders and put it up for a vote again to reapprove the pre-existing agreement.
Not gonna lie, based on your assessment of the compensation stuff--seems pretty fair to pull at least some of it. Not sure I really understand the after hours stock market reaction going down hard--theoretically it seems beneficial to shareholders to have some large sums of compensation now unawarded, as long as Elon doesn't leave. I find it hard to believe he would, for many of the points the judge raised. A very expensive lesson for Elon and the board to do better next time.
If you read Walter Isaacson biography you know Elon has episodes where he needed others to pull him back to reality from all the impulsive stuff. This is one of those moments, except the judge is doing it rather than Kimball or Antonio gracias. I think Elon deserves a lot of the 2018 package. But the Twitter stuff and now he regrets losing too much control over Tesla and wants more votes is childlike behavior. Hope this rule, regardless of outcome of appeal, resteers him back to Tesla and his job as CEO.
Have you watched I robot ???
Elon does not need Tesla. SpaceX would be the winner if he leaves. With him leaving, you can kiss goodbye to the Model 2 production numbers and share price. In the end, China will be the winner, even if they will nationalization of Tesla China.
@@ralphdick3509 rip me and my portfolio if he leaves lol
@@ralphdick3509 Exactly !
So if Elon says he might leave Tesla, its blackmail. And if Elon says he is going to stay, then it's illegal to pay him because "he was going to stay anyway". So Elon is now forced to work for Tesla for Free by law?
Elon deserves every penny in his pay for performance.. would all ceo's do the same? I think not..
Jensen Huang is wayyyyy better than Elon.
We are stupid retailers and need superior Harvard intellect to dictate details of our lives.
Be grateful.
GM should offer Mary Barra the same compensation plan as Elson instead of the 30M she was paid last year. Just imagine what it would do for GM. 😂
What a waste of time, effort and money for a Delaware court has decided that a Tesla board 2018 compensation package for its CEO was "Un Fair". In my letter head I'll state that decision and place it in all of the Tesla board members personal files and call this idiotic law suit complete, and only charge them $100/hour as my legal fee.
GM's EV sales are being hurt by their greedy dealers. Bolt sales are subject to $5K to $10K dealer markups. I think people will just boycott rather than put up with it. The line has been drawn in the sand.
I am a TSLA shareholder and I side with the judge. Don't care by how much the valuation has grown, the company of Tesla's size cannot be goverened like a family business.
Pretty even-handed analysis on your part. Temptation is to just complain about the court decision, but the court had a tough job to do and had many valid points. It seems you added your black-screen comments after recording this to take the side of Elon a bit more, but all in all. a pretty fair interpretation I'd say. Elon lost a case he should have lost and now, he can adjust because he cares more about his mission than his money I believe.
FYI Jennifer Gramholm previously the Governor of Michigan with continued strong ties to the UAW & the Michigan automakers.
Whoever filed the case may have cause an impact on our share amount. Was it a selfish thought?
Thanks
thank you for this bruce!
You are besting SMR RUclips channel… Keep up the good!
The recent earnings call cast a grave shadow on the timeline for cars actually produced in Mexico---the car is not designed yet, so there's obviously no prototype. The initial production will be in Austin.
The progress cited is progress from the Mexican government. Given the history of Tesla and the complexity of the task, what, honestly is the over/under for the date of volume production in Mexico? I'd take the under if it's five years.
Solar in the USA is dominated by money grabing companies that are gouging the consumer. Sola could be way more accessible to people if these companies would get real.
@ 27 38 if they fall between 2 & 2 .5% they still got regulatory credits right !?
Come on, guys. Please get into the habit of tapping the like button. 32k views and only 3k likes. It's free, easy and really helps Dillon.
Edwards Air Force base sits inland and North of Los Angeles.
The agreement was clear!
1. Work your ass off sixteen hours a day, seven days a week, for years, and make a company grow beyond what shareholders could believe, and you will be rewarded along with every investor and worker holding Tesla shares.
2. However, if you fail, you will receive no salary for your many years of work. (Accepting a few dollars required by law.)
3. Shareholders voted on this and approved it! But now, years later, a judge says that Tesla's shareholders were too stupid for their vote to count. So she's taking over and canceling their vote.
4. If this judge can prove that Tesla shareholders were misled, misinformed, or lied to, then there should be a new shareholder vote. As a shareholder, I don't believe I was misinformed or lied to, and I believe the majority feel the same and will again vote to approve!
5. How can it be that a shareholder with nine shares, and what seems to be a biased judge, have the power to nullify a shareholder vote rather than hold a new one? I believe this threatens America's freedom, our capitalist system, and our democracy!
Canceling votes seems to be in the 'political news' more lately and I believe it is a grave danger to our country!
Where is the model Y info in the video???
What details were omitted informing the shareholders?
the relationship between elon and the board members and elon's control of the company and the likelihood of certain milestones in the comp plan being achieved
@@DillonLoomis22 But those milestones were only likely to be achieved if and only if Elon was the CEO. Without Elon the likelihood would have been near zero.
So my question here is do we get to see Gordon Johnson go on the FUD media and crow about this. 😂
What did the one stockholder (who holds one share) who files the compensation challenge receive? Did he/she get a financial award?
according to the court documents...nothing. perhaps just compensation for legal fees
@@DillonLoomis22 Paid by whom? For that matter, who is paying the plaintiff's law firm? Short sellers?
Dillon, you talked about a silver lining, but I did not see what that was. The compensation package is voided. You said the bod would have to structure a new plan with wildly ambitious goals, foregoing any milestone that is Tesla is already on a trajectory to meet. So, if I'm hearing you correctly, Elon wouldn't get one more share for many years, so where is this silver lining? The company is at $600B. We're dealing with the law of large numbers. We can't assume Tesla will reach $6T in 3 years, so now the company is vulnerable to activist shareholders. If they decide on a new compensation plan while they're still incorporated in DE, someone with 9 shares will just sue again after Elon reaches all the targets. IMO, Elon has to appeal. If he loses again, he has to walk. This is slowing Tesla down, perhaps destroying the potential, just as this anti-American administration wants. This was a political assassination. What happened to, a deal is a deal? Why is there no statute of limitations? This should have been addressed before all the milestones were achieved. And all the comments from the judge about why Maron cried, what the shareholders knew, etc. is all conjecture. Yes, mistakes were made. I think the only thing that should be clawed back is the first 3 tranches, which were achievable without Elon. What a crappy defense team Tesla has, not some A-Team like we were promised. No shareholder benefits from this decision, only the competition and short-sellers. And DE is supposed to where shareholders are protected.
It's almost like it is a bad idea to outsource our computer chips, and all other necissary products for the US economy...
Maybe Tesla should hold a new vote for shareholders to decide whether Elon should keep his compensation award, now that everyone is "fully aware of the facts". I for one would still vote for it.
Is the range is real, that would be a breakthrough. Summer travel no problem
Elon is the innovative force of this company. He slept at Fremont improving the crap machines there where developed ideas for future production. Yes I would vote for bonus.
goes to show that it is not a good idea to put all your eggs in one basket (chips)
United States also has a major chip maker that being intel it’s just that chip making in general is very limited since it’s so hi tech. Look at the companies that makes the machines they use to make chips … it’s like 2 companies and it’s not in Taiwan .
We need to build out our own chip capacity, not fast or easy but needs to be done.
The US legal system has lost its mind. As a shareholder I support Elon. This is anti business and anti American. I suspect this will reduce Tesla’s market capitalisation by more than the $50bn compensation package… this will be proved today.
I don't think the Model Y was the *first* time an EV was #1 in global sales. Hard to say for sure, but when the internal combustion engine was invented in the 19th century most cars sold back then were electric, more than steam or ICE.
smh
@24:48 *GM* can gripe all it wants. In the EV race, it's _also ran._
After a century of losing market share (to *VW* and to *Toyota*) it's but a pale shadow of its former self.
@6:36 WTF is a *Model Y* doing being rated as a _Top SellingLight Truck?_ Somebody is smoking some _wacky tabaccee._
hahahah 😂 im with you on this
SUVs are considered as light trucks for EPA fuel economy and CAFE (corporate average fuel economy) standards. As light trucks they only have to meet the lower truck CAFE requirements, instead of passenger car CAFE. These CAFE requirements are a major reason that US automakers discontinued most of their passenger car production in favor of SUVs.
That's the thing with taxpayer enabled public business incorporations; when you send someone to die to protect your corporation, his children get some of the pie too. It has nothing to do with working for free. That is a pitiful argument.
Is there going to be an appeal ?
From now on all shareholders of any company must work for free at the companies whose stock they own!
2023 pure electric production, Tesla approx1,800,000.
BYD approx 1,600,000.
Tesla should put the compensation plan back before the shareholders. Add language that Elon is friends with the board members and then bump up the value from 55B to 60B!
It's not $55 or $60B. It's the number of shares which would need to be reissued to Elon. Their current value is about $500B.
In 2018 Tesla and Elon were mocked, because experts said he could never reach the required levels to get the compensation. Then Tesla blew through those levels, and everyone except for shorts, made tons of money. The best opportunity for value investors, is for this to go away, and for Elon to get a new, unattainable deal. Maybe something in order of getting enough shares, to own 25% (from his current position), if Tesla reaches 10 trillion dollars. I know I’ll be a huge winner if Elon reaches that goal. I suspect 99.9% of viewers of this channel would be the same.
Shouldn't there be action by shareholders to get what they voted for and bot have it overturned by a corrypt plaintiff, law firm and judge?
At 1 min. At least there’s an upside. Ford & gm shut down ICE.