r/facepalm • u/GlitterMackenzie • Sep 02 '24

🇲​🇮​🇸​🇨​ Smarts. He has it.

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u/CathedralChorizo Sep 02 '24

The same amount he demanded from Tesla as an annual remuneration and bonus package.

8

u/NSFWies Sep 02 '24

Oh well shit. I didn't even think of that a few weeks back when that was going on.

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u/Gingevere Sep 02 '24

The loan is collateralized with Tesla stock. Then juuuuust when the value of the stock he owned was about to dip below the minimum collateral on the loan, the board gave him a bonus with a dollar value higher than the profit the company has made in its lifetime from selling cars.