Elon Musk Returns to Business. How Much Should Tesla Pay Him?
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What is the status of Elon Musk's pay at Tesla?
This concept of these moonshot packages really took off after Tesla gave Musk that one. Because other CEOs said, oh, that's kind of cool. That gives you this sort of startup approach at a more established company. So this kind of had a snowball effect where you saw a lot more of these moonshot packages after Elon Musk got his.
And how the Trump Organization has expanded globally since the 2024 election. It's Monday, June 2nd. I'm Alex Osola for The Wall Street Journal. This is the PM edition of What's News, the top headlines and business stories that move the world today. The man accused of using a flamethrower in an attack on a group in Boulder, Colorado, supporting hostages being held by Hamas, has been charged with a federal hate crime. The Department of Homeland Security said the suspect, Mohammed Sabri Salomon, was in the U.S. on an expired visa and had filed for asylum in September 2022. Salomon said he had planned the attack for a year and was waiting until after his daughter graduated to strike. The police said that all eight victims of the attack are alive and remain in the hospital.
President Trump expressed condolences for the victims on Truth Social, saying the incident, "...is yet another example of why we must keep our borders secure and deport illegal, anti-American radicals from our homeland." US-Manufacturing Activity sank a little deeper into contraction in May, reflecting persistent worries over the impact of the Trump administration's whipsawing trade policy. The Institute for Supply Management said today that its Purchasing Managers Index of Manufacturing Activity fell to 48.5 in May from 48.7 in April, matching economists' predictions. That brought the index to its lowest level since November, as activity fell further below the 50 mark that divides growth and contraction. U.S.
stocks rebounded from early losses to end higher, despite a new trade flare-up between the U.S. and China that we mentioned in this morning's show. The Nasdaq led the gains, rising about 0.7%. The S&P 500 rose about 0.4%, and the Dow was up roughly 0.1%. Even after the latest bout of tariff turmoil, stocks have mostly recovered their April losses.
How has the Trump Organization expanded globally?
So you might be wondering, do I have too much money in one investment? Is it a bad idea to have 85% of my portfolio in Nvidia? Should I own some other stocks besides Apple? Jason Zweig writes the Intelligent Investor column for the Wall Street Journal and says that for something like 99.95% of people, the answer is yes, you do have too much money in that one hot stock. He told our Your Money Briefing podcast that, chances are, no matter your estimation of your own skills in picking stocks, you're no Warren Buffett.
One of the points that I made in this column is that there are two types of people who should concentrate their stock picks. And the first type is people like Warren Buffett or Charlie Munger, who have just extraordinary skills at picking stocks. The second type is what you might call a control person, a CEO or another extremely senior executive at a publicly traded company where your decisions have influence over the outcome of the company's future. In either of those cases, it makes a lot of sense to concentrate your portfolio. But wow, is that a small number of people.
For more from Jason, check out tomorrow's episode of Your Money Briefing. Coming up, how should Tesla pay the world's richest man? That's after the break.
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Chapters
8 chapters
1
What is the status of Elon Musk's pay at Tesla?
0:43–3:09
2
How do CEO pay packages compare in 2024?
3:09
3
What led to the rise of moonshot packages for CEOs?
1:05–2:22
4
What happened in the Colorado flamethrower attack case?
2:22
5
How has the Trump Organization expanded globally?
1:45–6:21
6
What are the implications of stock concentration in investing?
6:21
7
Why is Elon Musk considered the lowest-paid CEO?
5:15–6:42
8
What conditions are attached to executive pay packages?
6:42–13:05
Speakers
4 identifiedMore from WSJ What’s News
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