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I was pleased to note on the M* ownership tab that Fido was not among the top 20 "institutional" owners of Tesla.
FMR is #10 on the list of major institutional owners. Goede Capital, spun off from Fidelity and the firm sub-advising Fidelity's index funds, is #4. The largest shareholder is not an institution. It is Musk.
Thank you for the details. I'm always open to correction. I didn't recognize either of those names. I can't say that I'm surprised that Fido is higher on the list than I discerned.
The funny thing--to me anyway--is that when I think of institutions, I think about prisons, asylums, libraries, hospitals, universities, art museums, and other entities with some exposure, or responsibility, to something beyond commerce and gearing.
He is an obscenity. In addition, NO ONE is worth $1T/year. But they gave it to him. Un-fucking-believable. Further up in this thread, shareholder lawsuits were mentioned. Holding my breath. Anyhow, I would not go near anything that had ever been within throwing distance of his companies.
I recall, thankfully, that David Giroux said he would not buy Tesla at any price. Reassuring. He controls a big pile of my $$$.
"How many times did Werner von Braun’s Saturn V blow up prior to being approved for manned flight?" (Watch 'The Right Stuff' for a humorous example of this)
That said, von Braun didn't test Saturn V where those watching the launch or going about their business might be injured or killed.
The more I think about it, the more I think he was pressing for the package not because of his ego per se, but b/c so much of his paper weath is tied to TSLA stock. Remember when he bought Twitter? IIRC he's levered to the gills using TSLA stock to fund his other ventures and needs to stay afload -- if TSLA stock goes below a certain price, he'd be facing margin calls. So I expect TSLA to become even more reckless and risk-taking to meet those milestones in the pay package.
Either way, IMO it's disgusting. Nobody on this planet is worth a trillion dollars ... no matter how many delusions of grandeur they may espose for their worth for the future of humanity.
(No, I am not a Musk fan, and that was long before he got into politics.)
I admit that for a short while, I was impressed, but that ended far before his political views were well known. When I learned more about the man, the myth and his ego.
It's insane, a trillion dollar pay package? A trillion seconds is around 32 THOUSAND YEARS!! What happened to reality? He could spend 93 MILLION a year and not run out for over 10 thousand years!!
Basically, saying that the goal is unachievable. So, let him try. And that TSLA's valuation is already ridiculous. He will have to deliver on robots and AI and much more. The numbers just do not work.
Comments
The funny thing--to me anyway--is that when I think of institutions, I think about prisons, asylums, libraries, hospitals, universities, art museums, and other entities with some exposure, or responsibility, to something beyond commerce and gearing.
I recall, thankfully, that David Giroux said he would not buy Tesla at any price. Reassuring. He controls a big pile of my $$$.
Even made of solid gold, he'd only be worth about $13M
$4K/oz x 16 oz/lb x ~200lb ≈ $13M
That said, von Braun didn't test Saturn V where those watching the launch or going about their business might be injured or killed.
The more I think about it, the more I think he was pressing for the package not because of his ego per se, but b/c so much of his paper weath is tied to TSLA stock. Remember when he bought Twitter? IIRC he's levered to the gills using TSLA stock to fund his other ventures and needs to stay afload -- if TSLA stock goes below a certain price, he'd be facing margin calls. So I expect TSLA to become even more reckless and risk-taking to meet those milestones in the pay package.
Either way, IMO it's disgusting. Nobody on this planet is worth a trillion dollars ... no matter how many delusions of grandeur they may espose for their worth for the future of humanity.
(No, I am not a Musk fan, and that was long before he got into politics.)
I know how their politics compare!
I admit that for a short while, I was impressed, but that ended far before his political views were well known. When I learned more about the man, the myth and his ego.
So Long Mom for your listening pleasure:
More dry humor and satire!
Basically, saying that the goal is unachievable. So, let him try. And that TSLA's valuation is already ridiculous. He will have to deliver on robots and AI and much more. The numbers just do not work.