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| “We’re not just opening a new chapter. We’re starting a new BOOK" |
Elon Musk at the Tesla Shareholder meeting, Texas, June 13, 2024.
His compensation package had just been approved by the shareholders. After it had originally been approved in 2018, but invalidated by a Biden-appointed judge in Delaware. And is now reisntitued, with the only gainers being the lawyers not just for Elon, but also for the other side (which lost). How can that be fair?
And we’re talking Billions here in legal fees. For a nuisance law suit. Brought about because Joe Biden doesn’t like Musk. Because Musk bought Twitter, renamed it “X” and made it a Free Speech platform that didn’t hew to Democrat talking points.
Life in modern America.
Summary of where money is coming from for Tesla in coming decades:
- Electric Vehicles. Manufacturer of the most popular car in the world
- Full Self Driving: and Robotaxis. A $5 Trillion opportunity
- Humanoid Robots: a $25 Trillion opportunity
- AI: Trillions
- Other: Battery Storage and Solar
Overall, predicted share value: 10 x over next five years. See Cathy Wood at ArkInvest.
