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Discussion
@simon_brooke
Please read the following with a dose of sarcasm:
I actually believe that Musk considerably adds to the evaluation (not value) of Tesla. Without his regular megalomaniac vaporware claims Tesla's evaluation would be far lower.
As the shareholders depend on the stock price Musk might really add value for them 😬
For society or the world Musk doesn't add value. And Tesla would also be better off creating real value instead of faking the next big thing. Do in reality Musk destroys value for all of us 🤬
@realn2s Wait, this gets more bizarre. #Tesla's current stock capitalisation is $1.085 Tn. So its shareholders are apparently prepared to pay to one member of its staff an amount equal to 99% of their total evaluation of the worth of the company, each and every year.
Something really doesn't add up here.
@simon_brooke
Yes. It's just 🤯
@realn2s Thinking about this more, is he a protected creditor in the case of bankruptcy?
Is the plan to force the company into bankruptcy (his 'salary' will assuredly do this) and then walk off with all the realisable value in the company, leaving all the other creditors in the dirt?
Nothing else makes sense, but I would be awfully surprised if, even under US law, such a scheme would be legal.
@simon_brooke
Not value, (stock market) evaluation!
Tesla Market Cap is pure fantasy not founded in the car sales.
And I think this is partially because of Musk.
He tells fairy tales and for some reasons investors don't care that he doesn't deliver (possibly because he already told the next fairy tale)
@simon_brooke
Let's illustrate this with an "example"
Someone, leads a publicly traded company.
They state publicly that they are developing the philosopher's stone within two years, turning anything into gold.
For some reason the investors believe this and the stock price roars.
After two years there isn't anything to show. But said CEO says this is because they changed direction and are now just 3 years from developing a perpetuum mobile providing unlimited energy.
For some reasons the investors believe this again and the totally overvalued stock price increases even further.
Did this CEO create any value? No, non, zilp, nada.
Are they responsible for the evaluation? Yes, at least partially.
Why are the investors so committed? If they don't continue to believe they would show that they were fooled and sank billions.
The Upton Sinclair quote comes to mind:
It Is Difficult to Get a Man to Understand Something When His Salary Depends Upon His Not Understanding It
Put it differently: the average worker in Denmark earns 487,600DKK, which is US$75,521.93. There are a total of 3,210,383 people in employment in Denmark.
Does #Musk -- alone, without any of his employees or assistants, because they each have their own salaries -- really produce as much value as two thirds of the population of Denmark?
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