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Elon Musk complains about his smaller stake in Tesla after wasting it on buying Twitter – Electrek

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Elon Musk has made a bizarre statement in which he appears to complain about his smaller stake in Tesla and said that he prefers building products elsewhere unless he gets a bigger stake in the company.

The statement is particularly bizarre when you consider the fact that he himself recently sold tens of billions of dollars worth of Tesla stock to buy a grossly overpriced Twitter.

Theres currently some talk, mainly from Musk fans, about Tesla putting together a new CEO compensation package for him.

Musk completed his last CEO compensation plan, which awarded him millions of Tesla shares worth billions of dollars and made him the richest man in the world.

Ironically, the talks about a new CEO compensation package came just as Tesla slashed its own employee stock option plan.

While most commentators dont seem opposed to Musk having a new reasonable compensation package, the consensus is that since Musk owns 411 million shares in Tesla, representing about 13% of the outstanding shares, thats plenty of incentives for him to perform as CEO.

However, Musk responded to this argument with the following:

Musk claims that he wants more shares in Tesla to have more influence on the companys AI and robotics endeavors:

I am uncomfortable growing Tesla to be a leader in AI & robotics without having ~25% voting control. Enough to be influential, but not so much that I cant be overturned. Unless that is the case, I would prefer to build products outside of Tesla.

The CEO of Tesla is claiming here that he prefers to build products outside of the company because he doesnt have a big enough stake in it.

Its important to note that Musk used to have a much bigger stake in Tesla before his botched acquisition of Twitter.

For those who dont remember the whole debacle, 2021-2022 were an interesting few years for Musks Tesla ownership.

It all started whenMusk said he would sell 10% of his stake in Teslaif a Twitter poll would agree, which it unsurprisingly did.

The CEO framed the idea as pressure from the media and politicians about the rich not paying taxes on unrealized gains. He said that he would voluntarily set himself up to have the biggest tax bill in US history.

However, Musk wasnt as vocal about the fact that he was facing a giant tax bill regardless of his sale of shares, due to a large number of stock options he needed to exercise from his previously mentioned massive CEO compensation plan.

The CEO then used the proceeds from selling his Tesla shares to invest a few billions into Twitter.

He later agreed to buy Twitter and take it private for $44 billion. Musk quickly backed out of the deal despite it being signed. Twitter sued him to force him to go through with the deal, which he ultimately did.

But to pay for the acquisition, he had to sell tens of billions of dollars worth of Tesla stock, which resulted in a significant crash in the stock price.

He even told Tesla shareholders that he would stop selling shares, but then sold more anyway.

Update: Musk added that the only reason he doesnt have a new compensation plan is due to Tesla waiting for the decision in a court case brought on by shareholders over his prior compensation plan being too excessive, according to the complaint.

Following a separate lawsuit, Musk and Teslas board agreed to return over $700 million to the company over excessive board compensation.

This is Elon setting the stage for another wild compensation package. I bet that the board is already discussing it.

But honestly, I dont get how he can even be CEO of Tesla at this point.

Theres a clear conflict of interest. He has repeatedly claimed recently that Tesla is an AI/robotics company and he started a separate new AI startup.

Now, he is straight up saying that he prefers building new AI products at that startup rather than Tesla because he has more control (larger ownership stake) over that startup.

Is this a clear conflict of interest, or am I missing something?

And regardless of that, are we to believe that Elon wants a bigger stake in Tesla to have more influence over AI or because he wasted his Tesla shares on an overpriced Twitter?

Only he knows the truth and we all know that the truth is only on X:

I have my doubts. But I have more than doubts and complaints this time. I have a solution.

Tesla shareholders should give Elon a new CEO compensation plan. 1 million TSLA shares per year, but theres a catch. Every time he tweets something dumb, you take away 10,000 shares. There you go. The most efficient CEO compensation to create shareholder value. You are welcome.

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Elon Musk complains about his smaller stake in Tesla after wasting it on buying Twitter - Electrek

Should you call Reed and agree to the deal or kill Reed in Cyberpunk 2077 Phantom Liberty? – Gamesradar

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With the Phantom Liberty agree to Reeds deal or kill Reed choice, you need to decide if you'll try and make amends with Reed and the NUSA, or see Songbird's journey through to the end. It's a complicated choice that presents itself at the end of one of the expansions story paths, especially due to Reed's dedication to his mission and what Songbird reveals just before, changing the whole context of V's journey through Phantom Liberty. Whichever option you decide on will determine the ending you get for the expansion too, and might even let you reach the new ending for the main Cyberpunk 2077 story. Here are the consequences of choosing to either call Reed and accept his deal or kill Reed and save Songbird in Phantom Liberty.

Obviously, big spoilers below as this is the final choice in the Help Songbird path of Phantom Liberty!

If you choose to help Songbird in the Firestarter mission, you will help her get through the spaceport terminal to reach the train that leads to the Moon rocket. During the train journey, So Mi will reveal that shes been lying to you the whole time and that the Neural Matrix can be used only once. This leads into the first choice of this Phantom Liberty ending deciding whether to call Reed. After that, youll be confronted by Reed while carrying Songbird and will need to decide how youll deal with them both, ending Phantom Libertys story.

When the train pulls into the rocket launch area, youll have to choose whether youll simply pick up Songbird and carry her to the rocket or call Reed to strike a deal to get the Neural Matrix cure. Choosing to pick up Songbird just means you can walk straight to the rocket pod and face Reed you are not locked out of any of the endings by not calling him.

If you do call Reed, hell ask that you give up Songbird and in return, youll get the cure you were promised. Youre then faced with these responses to Reed:

So, however you get through this choice, youll always carry Songbird over to the rocket pod where Reed will emerge and face you on the walkway. You must put Songbird down, otherwise Reed will eventually just shoot you and youll have to reload your checkpoint.

The option to kill Reed, or draw weapon, isnt available to you straight away, so you need to talk to Reed a bit first. If you did not call Reed or rejected his deal when calling him, V will draw a revolver after putting Songbird down and youll be presented with some dialogue options. Choose either Songs dyin or cant let you take her, and youll then get more dialogue options after some chatter, with one of them being draw weapon. You can keep talking with Reed and this option will keep coming up, but eventually youll get to a point where you can only holster or draw your weapon.

Choosing to draw your weapon causes the game to slow down and you need to shoot Reed in the head before he does the same to you. With Reed dead, you can pick up Songbird and place her in the rocket, then watch it blast off while you chat with Johnny Silverhand. After this, the credits roll and then youll be looking at the spaceport the next morning while talking to Johnny. There are no missions after this, and Phantom Libertys story is over if you get this ending.

There are a few ways you can reach this ending in Phantom Liberty. The easiest method is to call Reed on the train and agree to the deal as mentioned, you are locked into this ending once you do this. Alternatively, if you did not call Reed, or rejected his deal, make sure you choose the holster weapon when available to deescalate and strike a deal with Reed.

Once you agree to the deal, Reed takes So Mi, then the credits roll. Afterwards, youll speak to Johnny and then youll get a call from Reed. This eventually leads into a mission called Through Pain To Heaven, where youll have one final talk with Reed at a gas station, then hell give you details on the new Cyberpunk 2077 ending for the main story.

If you decided to agree to Reeds deal but refuse anything in return (this can be done when calling Reed or after holstering your weapon), you wont be permanently locked out of the new story ending either. After the credits, Reed will message you and youll get one last chance to either accept or reject the promised surgery. Based on my testing, rejecting the cure here seems to permanently lock you out of this ending while accepting leads you into the Through Pain To Heaven mission like normal.

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Should you call Reed and agree to the deal or kill Reed in Cyberpunk 2077 Phantom Liberty? - Gamesradar