Tesla shareholders approved Elon Musk's pay package in June, after it was voided by a judge in January. But that wasn't enough, the court ruled.

Summary via ChatGPT

A Delaware judge invalidated Elon Musk’s $56 billion Tesla pay package for a second time, citing undue influence and unfair terms set by Musk. Despite shareholder approval earlier this year, the court ruled the process failed to address governance concerns and transparency. The judge emphasized the board’s failure to prove the compensation plan’s fairness, suggesting alternative, reasonable payment options were possible. Tesla may appeal the decision or propose a new compensation plan.

  • RubberElectrons@lemmy.world
    4·
    7 days ago

    Martin Eberhard et al built Tesla. They hacked a Porsche Lotus Elise apart and used laptop cells to make it scary fast, and inexpensive. Musk never founded the company, nor did he contribute to the engineering in a meaningful way.

    Melon isn’t an engineer, he’s a fuckin dead weight clown who is damn good at convincing people he matters.

    • SirEDCaLot@lemmy.today
      11·
      3 days ago

      I was literally watching it happen.

      Musk, Eberhard, and a few others came together to build an electric sports car. The only reason Musk isn’t listed as a ‘founder’ is because one of them already had an LLC registered and it saved them some paperwork to reuse that.

      I understand you dislike him and that’s fine, but calling him names just makes you look like an uneducated buffoon.

      • RubberElectrons@lemmy.world
        1·
        3 days ago

        Your uneducated opinion is observed and discarded.

        What does a thoroughly inane statement like “watching it happen” mean to you?

        • SirEDCaLot@lemmy.today
          11·
          3 days ago

          Closely following the company during that time period and their various development efforts.

          Watching Eberhard repeatedly go down the tech tree of a gearbox, and having it repeatedly fail. Switching designs, switching manufacturers, two or three times doing this and ending up with a result that would not be reliable.
          Then Elon steps in with an obvious, simple solution of just put a single gear and a larger electric motor and suddenly development moves forward.

          I also note with interest that nobody of any real acclaim wanted to work with Eberhard after he left Tesla. Ex Tesla employees are generally in high regard, Eberhard was not.

          • RubberElectrons@lemmy.world
            1·
            3 days ago

            I enjoy your calmly delivered flimflam.

            Such as: having direct visibility into the proprietary developments that are negative to the company in its infancy.

            That musky actually understands why use of a ‘bigger motor’ would solve the problems associated with gearboxes. For that matter, that you understand the technical choices made in the matter are funny as well.

            What kind of motors were picked, and why? I further love that your messiah still went for a gearbox design in the earlier model s that failed very very loudly as they drive around.

            You’ve helped further cement how embarrassing his engineering skills are to professional mechanical engineers in the midst of your proselytizing.

            I’d say Tesla and other companies are succeeding in spite of, not because of, musky. Cheerio.

      • RubberElectrons@lemmy.world
        2·
        7 days ago

        Primarily, yes.

        I can’t find it now, but there was a talk with Eberhard about doing a lot of initial work on a salvaged 911… can’t find the source though, so never mind.