Andy Halliday
👤 SpeakerAppearances Over Time
Podcast Appearances
Could you please... Each of them did get, though, a nicely produced video introduction that was basically a short documentary about who they are and what they've accomplished.
They got some PR out of it, for sure.
Not the top one, but one that I think everybody's interested in, and that is Elon Musk.
You know, we have to watch Elon Musk because he's the wealthiest person in the world and soon to be, you know, far beyond the wealthiest person in the world.
In this past few days, the shareholders of Tesla voted with 75% of the vote, and I'm
I have a proviso on that in a moment.
But 75% of the vote, they authorized a $1 trillion worth of additional Tesla stock for Elon Musk individually.
$1 trillion.
But it comes with a bunch of requirements in order for him to earn that stock.
He has to do some pretty impressive things, including I think one of them is there have to be a million Optimus robots sold.
But that's not a huge number, really, when you think of how many households and or businesses could use an Optimus robot.
So that's likely to happen.
And then there's a bunch of other things.
Now, the proviso about the 75% was that by moving to Texas, Elon made it possible for him to skirt the requirements that would be applied to a Delaware corporation that allowed him to vote his own shares in the shareholding.
Right.
So normally you wouldn't be able to vote for your own compensation package.
Right.
But in Texas, you can do that.
So 15 percent of that 75 percent was his vote alone to authorize this thing.
So now then push it back to 60 percent.