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

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.Horizon and Nexus are now available as monthly subscriptions. To celebrate we’ve reduced prices for a limited time. Grab your discounted subscription before June 18th.Sign up here.This episode is sponsored by Vodafone Business. This week, Vodafone Business Ireland launches its new partnership with RingCentral, one of the leading providers of Cloud-based unified communications for remote and hybrid teams. If you’re a business owner in need of UCAS tools, Vodafone Business UC with RingCentral is here to help.Learn more here.Become a successful investor by checking out all the content MyWallSt has to offer:📩 Email us: [email protected]📚 Learn the fundamentals of investing by downloading our free Learn app: https://bit.ly/3DXPOz7💻 Keep updated on stock market news by visiting our blog: https://mywallst.com/blog/🎧 Tune in to our podcast Stock Club to stay updated on weekly news: https://mywallst.com/stock-investment-podcast/🎉 Follow MyWallSt on social:🐦 Twitter: @MyWallStHQ💃 TikTok: @MyWallSt📸 Instagram: @MyWallSt🖥️ Facebook: @MyWallSt👔 LinkedIn: MyWallSt8:29 Elon’s Pay Package 28:29 Apple’s WWDC 39:45 Toyota Crash Test Irregularities 42:57 S&P 500 Concentration Hosted on Acast. See acast.com/privacy for more information.