Why Shareholders Sued Elon Musk (& Won)

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Did you know that Elon Musk got sued by a Tesla shareholder? It was by a shareholder who only owned a total of 9 shares of Tesla, but he would sue Elon for a whopping $56 billion. What did you Elon do that was so vile and apprehensable? Well, he gave himself an extraordinary payday if he was able to grow Tesla severalfold within the coming years. The idea was that if Elon Musk could 10X the market price, revenue, and income of Tesla within a 10year timeframe, he was allowed to grow his Tesla stake by a couple of percent which at the current scale of Tesla translates to a whopping $56 billion payday. Most Tesla shareholders didn’t mind this massive payday given that their own Tesla stakes would’ve needed to be 10X before this happened. But, one fateful Tesla shareholder did care and he was able to get the whole pay package thrown out, at least for now. This video explains the story of Elon Musk’s pay package and how Elon Musk got robbed of $56 billion.

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Timestamps:
0:00$56 Billion
2:20The Case For The Package
6:32The Case Against The Package
10:02What Happens Now

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Disclaimer:
This video is not a solicitation or personal financial advice. All investing involves risk. Please do your own research.

Logically Answered is centered around explaining the economics of tech and social media. These sectors are generally analyzed through the lenses of finance and economics to determine which industries and companies will thrive and which will fall. In addition to this analysis, the content is often focused on the stories of various famous entrepreneurs such as Elon Musk, Steve Jobs, and Jeff Bezos. Logically Answered also cover the rise and fall of several interesting companies and services that we come across on a daytoday basis. There have been so many companies that have risen to fame and then died out in a single generation. The most interesting companies are the ones that were able to save themselves and avoid bankruptcy. Feel free to follow the podcast if you would like to see any of these topics Logically Answered.

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