Dr. Evil Strikes Again: Musk's Pay Package Rescinded, Tesla Board Remains Silent

Court Ruling Rocks Tesla

In a devastating blow to the self proclaimed genius Elon Musk a Delaware court has ruled that Tesla must rescind his whopping $56 billion pay package. Talk about being caught in a laser beam! The largest pay plan in public corporate history has been declared null and void leaving Musk fuming like a frustrated Dr. Evil. But the real question remains: how will this impact Tesla shareholders?

Musk's Outburst and Shareholder Vote

When faced with defeat Musk took to his favorite social media platform X (I guess he ran out of letters of the alphabet) to vent his anger. His sage advice? 'Never incorporate your company in the state of Delaware.' Well isn't that interesting Mr. Musk? But that's not all folks! Musk also announced that Tesla would hold a shareholder vote to move its site of incorporation to Texas. Is this the sign of an evil mastermind plotting his next move or just a way for Musk to escape the clutches of the Delaware court? Only time will tell.

Board of Silence

In a baffling turn of events Tesla's eight person board including Musk himself has gone completely silent. It's like they're hiding in their secret lair avoiding any public comments. What are they afraid of? The wrath of Dr. Evil? Or perhaps they're secretly plotting their escape while doing their best impression of Mini Me. Either way shareholders are left in the dark waiting for answers.

The Appeal of Evil

Dr. Evil never gives up without a fight and it seems Musk is taking a page out of his playbook. Legal experts predict that Musk will appeal the ruling just like a villain with a diabolical plan for world domination. Kobi Kastiel a law professor said 'Given the high stakes involved it is likely that Tesla will appeal the decision.' Looks like we haven't seen the last of this evil genius just yet.

Tesla's Compensation Conundrum

In the 2018 compensation plan Tesla's board awarded Musk a dozen tranches of stock options. But now with the pay package ruling those options may be a thing of the past. I guess Dr. Evil doesn't get to keep all his henchmen after all. While this may be a blow to Musk's ego it could actually benefit Tesla shareholders by increasing the value of their shares. It's a win win situation well except for Musk.

Musk's Master Plan

Despite this setback Musk is already working on his next evil scheme. He's building an AI company called xAI (because adding an 'x' automatically makes it more evil) outside of Tesla. It seems he wants to turn Tesla into a leader in artificial intelligence and robotics. Is this the birth of a new evil empire or just another harebrained scheme that will be foiled by Austin Powers? Only time will tell my dear readers.