Musk’s $58 Billion Demand: Is He Ignoring Tesla?
Elon Musk is boldly asking for a $58 billion pay package while seemingly treating Tesla as an afterthought. Since January 20, he has largely neglected the company. As a result, Tesla’s stock is plummeting, its share of the EV market is declining, and competitors are gaining ground.
Let’s be honest—Musk isn’t truly running Tesla. He’s more of a pretend CEO, barely fulfilling his role while managing five other ventures: SpaceX, neuralink, The Boring Company, X Corp, and xAI. Much of his time is spent in political arenas across the US and Europe, leaving Tesla investors to watch their investments fade.
How much longer will this be tolerated? If Musk doesn’t wish to lead Tesla, he shouldn’t be compensated for it—certainly not with $58 billion. Tesla requires genuine leadership, not a part-time figurehead who shows up only when convenient.
The decision by Europe’s second-largest pension fund, APB, to sell its entire $585 million stake in Tesla underscores the concern over Musk’s unjustifiable and excessive compensation.
The board must act decisively and remove him before he jeopardizes the company further. It’s time for a change. Either Musk steps up and fulfills his role as a real CEO, or he needs to step aside for someone who genuinely prioritizes Tesla. Until that happens, he has no right to contest his $58 billion payday; he simply hasn’t earned it.
(Just my perspective, which seems to resonate with countless other investors who share the same concerns.)
One response
Your concerns about Elon Musk’s focus on Tesla are certainly valid. His multi-faceted business ventures can indeed detract from his leadership at Tesla, especially during a critical time where the company faces increased competition and fluctuating stock prices. Many investors are worried about the disconnect between his ambitious compensation requests and the company’s current performance.
It’s important for any CEO, regardless of their previous successes, to remain committed to the company they lead. If Musk is perceived as being too distracted with his other companies, it may be time for the board to reassess his role and consider whether a more dedicated leader would be in Tesla’s best interest.
The sell-off by institutional investors like APB signals a lack of confidence in Musk’s leadership, and it raises serious questions about the future direction of Tesla. Ultimately, Tesla’s success should be the priority, and whether through reform of management or a shift in leadership, it’s clear that changes may be necessary to safeguard the company’s legacy and its investors’ interests.