Delaware judge previously voided the pay plan awarded in 2018
Elon Musk's $56 billion pay package received 72% endorsement from Tesla shareholders
Employees' Retirement System of Rhode Island filed a lawsuit against Musk and his brother Kimbal for selling $30 billion worth of stock using inside information
Tesla recently addressed reports of Musk diverting Nvidia AI chips to X.com
Tesla recently incorporated in Texas with 84% approval from shareholders
In a recent shareholder vote, Elon Musk's pay package worth $56 billion received endorsement from Tesla shareholders with 72% of votes cast, excluding those by Musk and his brother Kimbal. This comes after a Delaware judge had previously voided the pay plan which was awarded in 2018 and then valued at roughly $48 billion. The vote results showcase the continued support for Musk from Tesla shareholders despite legal battles he faces on multiple fronts. Meanwhile, Tesla recently had to address reports of Musk diverting Nvidia AI chips meant for the company to X.com, his other venture.
In a separate development, the Employees' Retirement System of Rhode Island filed a lawsuit in Delaware accusing Musk and his brother Kimbal of selling $30 billion worth of stock using inside information. The lawsuit comes after Tesla shareholders reapproved Elon Musk's record-breaking pay pact with 72% of votes cast, excluding Musk and his brother.
Tesla also recently incorporated in Texas, receiving 84% approval from shareholders. This move is seen as a strategic decision to centralize the company's operations and further support its growth. Despite legal challenges and controversies surrounding Musk's leadership, Tesla continues to enjoy strong backing from its shareholders who remain confident in Musk's ability to lead the company towards future success.
Elon Musk received a runaway victory in the vote on his pay package at Tesla.
Tesla shareholders have endorsed Musk’s pay package worth $56 billion.
Some feared Musk could leave Tesla if shareholders had refused to endorse his pay package.
Elon Musk made outlandish predictions about Tesla’s future, including it being worth more than 10 times the amount of today’s most valuable companies and Optimus robot project making $1 trillion in profit annually.
Tesla's shareholders approved Elon Musk’s $50 billion pay package for the second time in 2023
Musk’s business strategy of mythmaking is proving unsustainable for Tesla
Tesla has had two competing identities: a car business and a dream factory
Accuracy
Elon Musk received a runaway victory in the vote on his pay package at Tesla.
Tesla shareholders have endorsed Musk’s pay package worth $56 billion.
Deception
(30%)
The article contains editorializing and pontification by the author, as well as selective reporting. The author expresses their opinion that Musk's hype has 'barreled past the boundaries of outright fantasy', and implies that Tesla's shareholders are foolish for approving Musk's pay package. The article also focuses on negative aspects of Musk and Tesla, while omitting any mention of positive developments or achievements. For example, the article mentions that Tesla's Model Y crossover hit the market at a good time and charged high prices due to supply chain constraints, but it does not mention that Tesla's sales and profits have also been boosted by strong demand for its vehicles.
The article focuses on negative aspects of Musk and Tesla, while omitting any mention of positive developments or achievements
The author calls Musk's hype 'outright fantasy'
The author implies that Tesla shareholders are foolish for approving Musk's pay package
Fallacies
(100%)
None Found At Time Of
Publication
Bias
(10%)
The author expresses a clear bias against Elon Musk and Tesla, portraying them in a negative light throughout the article. The author uses language that depicts Musk as a 'madman' and 'erratic manager', and suggests that Tesla is now solely reliant on Musk's hype rather than its core business. The author also implies that Musk's purchase of Twitter and his involvement in culture-war commentary are distractions and divisive marketing moves that have hurt Tesla's brand.
For as long as Musk has been CEO, Tesla has had two competing identities: a car business constrained by the tough realities of making and selling complex goods, and a madman’s dream factory that fueled its towering valuation.
Musk himself now says that nearly all of Tesla’s value rests on the self-driving technology development that is reportedly the focus of a federal fraud investigation, to say nothing of countless civil lawsuits.
The good news is that even if Musk’s runaway ego has eclipsed Tesla, the broader shift toward EVs no longer depends on either Tesla or Musk.
Elon Musk threatened shareholders about his divided attention, as he is involved in multiple ventures such as SpaceX, X.com (formerly Twitter), and the Boring Co.
Accuracy
] Elon Musk received a runaway victory in the vote on his pay package at Tesla.[
Tesla shareholders have endorsed Musk’s pay package worth $56 billion.
Elon Musk made outlandish predictions about Tesla’s future, including it being worth more than 10 times the amount of today’s most valuable companies and Optimus robot project making $1 trillion in profit annually.
Tesla shareholders reapproved Elon Musk’s record-breaking pay pact with 72% of votes cast, excluding Musk and his brother.
Elon Musk threatened shareholders about his divided attention, as he is involved in multiple ventures such as SpaceX, X.com (formerly Twitter), and the Boring Co.
Tesla recently had to deal with reports that Musk ordered Nvidia AI chips meant for Tesla to be diverted to X.com.
Late Tuesday the Employees’ Retirement System of Rhode Island filed another lawsuit in Delaware accusing Musk and his brother Kimbal of selling $30 billion of stock using inside information.
Accuracy
No Contradictions at Time
Of
Publication
Deception
(30%)
The article contains selective reporting as it only reports details that support the author's position of Elon Musk winning the shareholder battle to keep his record-breaking pay. The article fails to mention or acknowledge any opposition or challenges to Musk's pay package from shareholders, which is a significant omission. This deception undermines the reader's ability to make an informed decision about the situation.
Tesla said 72% of votes cast by shareholders, excluding Musk and his brother Kimbal, were in favor of a $56 billion compensation package that was awarded in 2018 and then voided this year by a Delaware judge. That pay plan is now valued at roughly $48 billion.
Publicly, Denholm submitted an open letter urging shareholder approval of Musk’s compensation package.
The voting count was 84% for a reincorporation in Texas instead of Delaware – a move made in reaction to the January ruling against Musk’s pay.
Fallacies
(85%)
None Found At Time Of
Publication
Bias
(95%)
The author expresses a clear bias towards Elon Musk and Tesla in the article. The author uses language that depicts Musk as a victim of unfair treatment by shareholders and legal battles, while also emphasizing his importance to the company's success. The author also quotes Denholm's letter advocating for Musk's pay package without questioning its motivations or potential conflicts of interest.
Fairness and respect require that we honor the collective commitment we made to Elon
Fundamentally still is, about retaining Elon’s attention and motivating him to focus on achieving astonishing growth for our company.
Hot dammit, I love you guys
Publicly, Denholm submitted an open letter urging shareholder approval of Musk’s compensation package.
Tesla said 72% of votes cast by shareholders, excluding Musk and his brother Kimbal, were in favor of the pay package. That pay plan received 73% support when it was first granted six years ago.
