Tesla (TSLA) board explore new pay deal for Elon Musk

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Tesla’s (TSLA) board is reportedly exploring a new CEO pay deal for Elon Musk, who might not get back his $55 billion 2018 compensation package.

According to a new Financial Times report, Tesla’s board created a new “special committee” to explore a new CEO pay package for Musk.

FT reporting that the board is working on a new compensation package with backpay could point to Tesla anticipating not being able to reinstate the original compensation package.

Robyn Denholm and Kathleen Wilson-Thompson are the board members reportedly on the new committee.

Musk has masterfully convinced Tesla shareholders that the destruction of its core business, selling electric vehicles, doesn’t matter because the company is on the verge of solving self-driving – something he has claimed every year for the last 6 years and has been wrong every time.

Now that they don’t care about EVs, there’s no point in blaming Musk for killing demand and delivering a single new vehicle in 5 years, the Cybertruck, a commercial flop.

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I propose a pay package of zero, as he has damaged the brand beyond repair and it’s clear that a huge paycheck didn’t “focus his attention” as it was supposed to do.

Or else lebenty seven billion gazillion gamillion, quadrillion dollars, and see if that’s enough.

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