Tesla reports steep drop in profits despite US rush to buy electric vehicles

>The earnings report comes at a sensitive time for Tesla and Musk, as the CEO is seeking investor approval for that unprecedented $1tn pay package in a vote next month.

WTAF. I'm not sure who could think he deserves this much pay (other than himself), after tanking the brand.

The articles are stupid. It's up to $1T IF he raises the stock price ~7x.

It's basically the board saying "uh, sure, if you earn us 8.5 trillion dollars, we'll give you a trillion of it".

It's an absurdly high bar, and the board had no real incentive to not throw it out there. Honestly every board should do this. Why not.

From an outside perspective, it feels wrong that the goal isn't higher earnings but a higher stock price. They don't care about actually creating value, just keep inflating the bubble and you're golden.

If a trillion dollars is on the line, could the stock be manipulated to be higher than that for less than a trillion?

Other private Musk companies (SpaceX and xAI) just bought fleets of Cybertrucks. One may wonder what exactly they would do with so many vehicles other than boost Tesla's share price.