A Boring Dystopia

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Elon Musk wins Tesla shareholder vote for $56 billion pay package (www.nbcnews.com)

submitted 3 months ago by return2ozma@lemmy.world to c/aboringdystopia@lemmy.world

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[–] StupidBrotherInLaw@lemmy.world 10 points 3 months ago (1 children)

That's about right. Their profit margin per vehicle in 2023 was nearly $10k USD.

They laid off all those people to maximize profits while they're experiencing a downturn due to reduced demand and increased competition. Workers never share in good fortune, only misfortune.

Tesla's shareholders are insane to give Tesla's greatest liability a huge payout while their company is experiencing a downturn. I can't wait to watch Tesla crash and burn.

[–] skyspydude1@lemmy.world 3 points 3 months ago

And now they have a negative profit margin on the Y and 3 with all the 0% financing they're doing. Great time to dilute the stock for sure