Elon Musk's trial over his $50 billion pay package at Tesla kicks off today, and the same judge from his Twitter court battle is overseeing the case
Business InsiderJUL 2022
Tesla: $55B Pay Deal to Keep Musk 'Engaged'
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Image copyright: Bloomberg/Getty Images [via NBC News]
The Spin
Narrative A
This compensation plan is clearly excessive. Musk has benefited from his influence over the board's committee — which has falsely claimed that it has no conflicts of interest — and been rewarded for his part-time management role at Tesla, largely on the grounds of milestones that had already been achieved when shareholders voted.
Narrative B
This compensation plan has granted Elon Musk his fair share of Tesla's success, especially considering he took a high risk to receive a high reward. Though Tesla skeptics ridiculed his decision at the time, Musk's management has led the carmaker to increase its value from $59B to $600B, achieving almost all his stipulated performance targets.
Metaculus Prediction
There's a 47% chance that Elon Musk will be the richest person in the world on December 31, 2025, according to the Metaculus prediction community.
