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Trump VP Pick Honors Elon Musk's Entrepreneurial Spirit

Trump VP Pick Praises Elon Musk: A Throwback to an Older Generation of American Entrepreneur In an era where innovation is often eclipsed by political theatrics, the recent remarks from Ohio Senator J.D. Vance, Donald Trump’s running mate for Vice President, shimmer like a beacon of nostalgia for the golden age of American entrepreneurship. Musk, the maverick behind Tesla and SpaceX, has not only redefined industries but also ignited a movement that resonates with the audacity and spirit reminiscent of the titans of industry from yesteryears. A Nostalgic Acknowledgment Vance’s comments were not mere platitudes; they were a clarion call to recognize the entrepreneurial grit that Musk embodies. He referred to Musk as a “throwback to an older generation of American entrepreneur,” evoking images of innovators like Henry Ford and Thomas Edison, whose visions transformed our world. This perspective is particularly poignant as we navigate a world where the landscape is often dominated b

Vanguard Explains Vote on Elon Musk's Tesla Pay

It seems the saga of Elon Musk’s compensation package has reached a new chapter, folks. After a Delaware judge voided the original shareholder vote, like a scene from a courtroom drama, Vanguard, Tesla’s second largest shareholder, tipped the scales in favor of Musk’s controversial $56 billion pay plan.

Vanguard’s Rationale: A Symphony of Performance and Potential

Now, $56 billion is a hefty sum, even for someone at the helm of a company revolutionizing the automotive industry. Vanguard, however, seems to have taken a long, hard look at the numbers, ultimately concluding that Musk’s leadership is intricately tied to Tesla’s astronomical rise.

They cite Tesla’s shareholder returns, placing them in the 98th percentile of the Russell 3000 from 2018 to 2023. That’s right, folks, the top 2%! It seems Vanguard believes that retaining Musk, even with a compensation plan that could make Croesus blush, is vital to maintaining this momentum.

Speaking of $56 billion… Did you know that if Elon Musk were to cash out his entire pay package today, he could single-handedly fund NASA for over seven years?

Alignment and Motivation: The Keys to the Kingdom

Vanguard didn’t just rely on spreadsheets and algorithms, though. They met with Tesla executives and board members, who emphasized the motivational aspect of the pay plan. They argued that the plan’s structure, with its five-year post-exercise holding requirement, ensures that Musk’s interests remain firmly aligned with those of the shareholders.

TeslaDan’s Takeaway: A Calculated Gamble

This whole situation reminds me of a high-stakes poker game, with billions of dollars and the future of Tesla hanging in the balance. Vanguard, it seems, has decided to double down on their bet, placing their faith in Musk’s vision and Tesla’s continued success.

Only time will tell if this gamble pays off.

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