shareholders approve $1tn pay package

What was he thinking? EVs, solar, rockets, robots...richest man on earth. What a loser.

 

i still can't decide whether to sell or hold. obviously, the guy has a screw loose

 

His last pay package seemed outrageous, thinking the sales & stock could never become as valuable as was required. Literally a miracle had to happen but it did. So what do sales have to bring in now - a few quadrillion dollars? The incentive amount seems ridiculous because its necessary requirements so scary high.

 

And how many of his products have been announced as delayed in recent months? FSD, roadster, $25-30k car, semi.

Solar tiles, boring tunnels not so great.

EVs as early provider, credit due. Storage batteries....good. But both facing cheaper, better competition.

Political involvement as an asset to the company? Costly to a shareholder. Costly to the country.

As a shareholder, maybe I'd be better off with him not in charge and let him drift to his other projects.

 

Well...75% of the other shares held want him.

 

They are all scared of his connection to P47. I'll be Vanguard voted yes.

 

Scared? What do you consider fear.

 

Can you name one or two EVs that sell anywhere near as many and are profitable as well?

Mike

 

Looking back at your previous posts I'm estimating you sold somewhere around November 2024 due to politics with TSLA around $325. Let's estimate your solar package was $30k, so you sold about 100 shares, and then later tried to short a few, which didn't work out, right? TSLA is now $425+. If I saved $130 a month, but lost out on $10k in year #1, I'm not sure how thankful I would be. I think I'd be more like...."oops". Maybe that's fuzzy math.....whatever makes you happy though.

I also saw a post where a comment was made that you're mistakenly believing TESLA is a car company. I agree with that, because it's not, and you still focus on the car aspect. The cars are just an information gathering stepping stone toward the front door of the house. You think computers revolutionized the world? That smart phones revolutionized the world? Just imagine what a truly full functional humanoid robot will do. An electric car will never change the world as much as that will, because every household, every business, every industry, will want them. Every day of every year they'll get better and better and the uses will grow. Eventually, just home healthcare and companionship alone will be a trillion dollar source of sales.

 

We are a long ways off from every household will want one...in terms of a robot that can truly be autonomous and not need baby sitting to make sure it doesn't do something stupid or harmful. And even when that is achieved, everyone isn't going to want one that costs $20K plus any maintenance.

And by "long ways off" just look at autonomous cars and how quickly that is happening.

Mike

 

Just imagine ... my guest bathroom needs two rolls of toilet paper. Will the robot sense how many sheets I have used and provide same? And if so what would be my utility?

What do you suppose the cost of such a robot would be for the early adapter? How many sensor designs will it go through before it stops walking through walls?

 

Think about where automation, electronics, car technology and computing power were in 1985 and where we are now, 40 years later. Sounds like a long time, but it's really just around the corner. Industry will fall over themselves to purchase "employees" that have no drama, can actually follow instructions and work without getting distracted or hiding so they can look at their phone for an hour. These robots won't even need to be super complicated, but will be the stepping stone to developing robots more "residential" oriented. People pay 50-90k for a car right now. They'll foam at the mouth to pay the same for a robot that can take over household chores, yard tasks, home maintenance, etc. Not to mention the market just for companionship once it matures to that level. I'm not talking about fancy sex dolls, but I'm sure that will be it's own market also. It will take home health care to an unbelievable level. You could literally have a companion or pet that doesn't age, can hold a conversation if desired and keep an eye on the owner 24/7. 40 years ago, did you think you would one day hold the world in your fingertips through a smart phone? Something as basic as Google Maps, which I can take just about anywhere in the world and it will provide travel directions on my phone? I think odds are good that 40 years from now, that smart phone may be walking next to you.

How many people watch You-Tube videos before tackling a job on their car or house? Imagine a human looking robot doing similar, but 1000x faster, and then being able to do the job, actually ANY job? You think AI isn't going to be able to replace manual labor jobs? By itself, it can't, but team it up with mature robot technology and it certainly will. The world is going to be truly different in 2065.

 

People paid $8000 for a high def large flat screen TVs when they first came out. Same reason people paid $1000 for a 4x CD-Rom drive when they first came out, $3000 for the Pentium processor, or $500 for the 8MB RAM chips. And all of these were essentially obsolete a year later. People will pay.

There are MILLIONS of single, older people who would be more than happy to shell out a few bucks to have a trustworthy companion. It may be weird right now, but will likely become a very normal thing. I would have no problem buying one for my parents just to help around the house and keep an eye on them. I'd make sure it watched a bunch of old kung-fu movies though, so it could also defend the house!! What we picture as a robot right now is probably nowhere near what they will be 40 years from now.

 

According to those that keep track of how worthless the paper dollar is becoming:

Mid-70s I was in college part-time & working full-time as a welder - $5½/hr. Decent money. It's all relative.
A trillion is like ~62 billion - purchase power wise compared to mid 70s. Anyway the fiat dollar is being deflated at such fast a rate now days - that by the time stock value/company sales targets would require a musk payoff, a trillion will likely seem way less outrageous. You don't get it in dollar bills either, most likely stock.

 

Macro versus micro. Don't notice rising prices so much in the last week or month, season or year, but rather since buying stuff on my own since the '70s. One thing that's still perplexing is that my 2nd home purchase came in the mid 80s. Records show home ownership back then was around 55%. Now, it's over 60%. But people are saying that home ownership is tougher to do nowadays.
Closest thing to recent sticker shock would be from a blowout last August on the 4x4. It required new tread (all terrain style) four wheels - as the original set were over ½ way worn out. $300 a piece, & that was FAR cry from the highest price for that type of tire.
A 30-day price check is not the best way to spot a deflating dollar. For example right now gold is at maybe $4,000 per ounce. Several days ago it may have been $ 4,400 per ounce
But stretch out a gold price on a 10 or 20-year chart? Big difference.


The value of the commodity doesn't change so much. It's the ever increasing quantity of paper paper dollars backed only by faith. - that changes the most.

 

you must not do the grocery shopping. it's been nonstop since covid started

 

No no, I've seen eggs going sky high during shortages and such. We have lots of Orchards & Ranchers around us that let's us absorb some of the highs.
What blows me away is how Costco keeps their hot dog & coke food court price at the same rate as it's been forever. Even holding the same price in Hawaii !
Maybe that last membership price jack up helps defray the cost