Anyone who follows this site or knows me will be aware of the dislike I have of Musk and his activities. The latest example is the proposed pay award that will give him $1tn if he increases Tesla’s value from $1tn to $8.5tn. As this would be in a share award it is all rather paper money. However this obscenity is not just a reflection of Musk, but of the absurdity of rampant capitalism. I am not aware of Musk being an increddible inventor, but am aware that he is ruthless as a manager and employer. He also seems to have an inflted ego that rivals that of Trump and Putin and Xi. No one should be rewarded with such wealth, whatever, and there is no talk amongst the present shareholders of rewarding the employees who actually make the damn cars. Despite my appalled reaction it seems unlikely that Tessla shares will increase thatmuch in 10 years. Competition from China and established car firms are making the market difficult for Tesla, and this is exacerbated by Musk and his questionable politics. His cars are expensive and new product lines have been a spectacularfailure (Trucks). He also has SpaceX to increase his wealth whilst twitter – X – is just a plaything for him.
Whilst he may be a control freak who thinks his wealth = influence, humanity this week has not proven this. Firstly the Dutch people voted for a centralist government to ostensibly the previous right wing one, then New York voted in a muslim socialist despite the rantings of Trump. And yes – I do believe in miracles, that people are basically good, angels and mermaids do exist, as do lepricorns, duende and the power of positive thought. But the trolls will be defeated ultimately.