#214: Elon Musk’s $55 Billion Pay Package

Stock Club

Emmet and Mike talk about Elon Musk’s $55 billion pay package which was approved by the board in 2018. This week, shareholders were asked to grant the package. If the measure were to go through, Musk would be given more than 10% of the company’s stock in exchange for increasing Tesla’s stock by more than 600%. However, critics worry that this will give Musk capital to fund other ventures and distract from his Tesla responsibilities.

We also cover Apple’s WWDC 2024 and AI ambitions, Toyota’s safety test fiasco, and the concentration in the S&P 500.

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8:29 Elon’s Pay Package

28:29 Apple’s WWDC

39:45 Toyota Crash Test Irregularities

42:57 S&P 500 Concentration

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