Elon Musk’s politics cost his firm Tesla more than one million EV sales, report reveals
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Elon Musk’s polarizing political actions since acquiring Twitter, later rebranded X, in 2022 dramatically hurt the automaker’s U.S. sales, underscoring how deeply its fortunes are intertwined with the billionaire’s persona.
The findings quantify for the first time how the political actions of the world’s wealthiest person – including his role in U.S. President Donald Trump’s administration – may have cost Tesla billions in lost vehicle sales while benefiting rival electric carmakers.
Tesla’s U.S. sales would have been between 67% and 83% higher, or about 1 million to 1.26 million additional vehicles, from October 2022 to April 2025, had it not been for what researchers call the “Musk partisan effect,” according to a working paper from the National Bureau of Economic Research by Yale University economists.
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Elon Musk’s polarizing political actions since acquiring Twitter, later rebranded X, in 2022 dramatically hurt the automaker’s U.S. sales, underscoring how deeply its fortunes are intertwined with the billionaire’s persona.
The findings quantify for the first time how the political actions of the world’s wealthiest person – including his role in U.S. President Donald Trump’s administration – may have cost Tesla billions in lost vehicle sales while benefiting rival electric carmakers.
Tesla’s U.S. sales would have been between 67% and 83% higher, or about 1 million to 1.26 million additional vehicles, from October 2022 to April 2025, had it not been for what researchers call the “Musk partisan effect,” according to a working paper from the National Bureau of Economic Research by Yale University economists.
Then why are they wanting to pay him 1 trillion dollars? Rich people are weird.
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Then why are they wanting to pay him 1 trillion dollars? Rich people are weird.
Then why are they wanting to pay him 1 trillion dollars? Rich people are weird.
Because Musk is asking for it, and the Tesla board who are all his hand picked friends, are the ones that vote on it.
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Then why are they wanting to pay him 1 trillion dollars? Rich people are weird.
Because Musk is asking for it, and the Tesla board who are all his hand picked friends, are the ones that vote on it.
The board doesn't vote on his compensation package, the shareholders do. The pay committee proposes his compensation package to the shareholders and then they all vote on it.
Tesla board chair begs shareholders to green-light Elon Musk’s $1 trillion pay package, calling the upcoming vote a ‘critical inflection point’ | Fortune
Musk previously said he doesn’t want to “build a robot army here and then [be] ousted because of some asinine recommendations from ISS and Glass Lewis.”
Fortune (fortune.com)
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The board doesn't vote on his compensation package, the shareholders do. The pay committee proposes his compensation package to the shareholders and then they all vote on it.
Tesla board chair begs shareholders to green-light Elon Musk’s $1 trillion pay package, calling the upcoming vote a ‘critical inflection point’ | Fortune
Musk previously said he doesn’t want to “build a robot army here and then [be] ousted because of some asinine recommendations from ISS and Glass Lewis.”
Fortune (fortune.com)
The board doesn’t vote on his compensation package, the shareholders do.
Are you being willfully ignorant or are you not aware that during a proxy vote, shareholders that don't cast an individual vote let the board vote for them? The VAST MAJORITY of shareholders don't vote. This hands an enormous amount of votes to the board that vote how they want. A proxy vote that goes against the boards recommendation, is very rare in the corporate world.
