Tesla shareholders voted Thursday to restore CEO Elon Musk’s record $44.9 billion pay package that was thrown out by a Delaware judge earlier this year, sending a strong vote of confidence in his leadership of the electric vehicle maker.
The favorable vote doesn’t necessarily mean that Musk will get the all-stock compensation anytime soon. The package is likely to remain tied up in the Delaware Chancery Court and Supreme Court for months as Tesla tries to overturn the Delaware judge’s rejection.
Musk has raised doubts about his future with Tesla this year, writing on X, the social media platform he owns, that he wanted a 25% stake in the company in order to stop him from taking artificial intelligence development elsewhere. The higher stake is needed to control the use of AI, he has said.
All of that is completely true and also irrelevant. The point isn’t the specific details, the point is the idea that “perpetual control” is not the default modus operandi of the structure of our system. As to the specific details of where that line is drawn, that’s something that’s up for debate. All we need as a starting point is to acknowledge that unquestioned, perpetual individual control of an entity that can create and destroy the lives of millions has at least the POTENTIAL to be a dangerous social ill, and the specific details of how we address that can come from there. If you cannot see or acknowledge that at any level, then we’re not even looking at reality from the same perspective, and we’re not starting from the same priors, so there’s no point in discussing it any further - there’s no point of agreement we’ll be able to reach.