KEY POINTS
Tesla’s board is asking investors to approve yet another outsized pay plan for CEO Elon Musk, according to a financial filing out Friday.
The full award would give Musk more than 423 million additional shares.
The company will also ask shareholders to vote on whether the automaker should invest in Musk’s artificial intelligence company, xAI.
Insanity
It’s so strange, currently musks name and ties to tesla have done the brand immense harm … yet they keep rewarding him.
Most of the board is made up by his kith and kin, the usual financial pressures to stop this shit basically don’t apply.