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Elon Musk never ceases to amaze: on trial for 56 billion bonuses to Tesla, Twitter continues to fire

The trial of Elon Musk for Tesla opens in Delaware. The shareholders ask for 56 billion, he replies: the stock has multiplied its value 10 times. And the latest dismissal of the tycoon is raging on Twitter

Elon Musk never ceases to amaze: on trial for 56 billion bonuses to Tesla, Twitter continues to fire

“Be patient: I have too much stuff on my plate”. Goodness of her. Monday, addressing via streaming to B20 summit in Indonesia Elon Musk, Hawaiian shirt and Bermuda shorts, let slip what to direct Tesla plus the network of Starlink satellites, plus the space feats of Space X and dozens of subsidiaries of the caliber of Solar city it's really a lot, if not too much even for him. As well, of course Twitter. The social network that has decided to turn inside out in a matter of weeks. With the machete, rather than with the delicacy required for a small bird.  

Elon Musk goes to trial for Tesla: incentives for 56 billion are at stake

 An admission that will probably be reproached in court today by Kathaleen McCormick, the magistrate of the Delaware who will question him about the lawsuit brought by a certain Richard Tornetta, the Tesla shareholder who disputes the too generous options that the electric car company granted to Musk in 2018. "Given his commitments - the judge will ask - how did he to devote all the attention to Tesla that justifies his fees?”. We talk about the beauty of 56 billion dollars, because that is how much the incentive package that the Tesla board guaranteed in 2018 to Musk who at the time controlled 22% of the capital. A capital that has allowed the tycoon, who does not receive a salary from Tesla (why enrich the taxman?), to finance his space enterprise.  

There is great expectation for Musk's deposition before the same judge who would probably have sentenced him if he had not kept his promise to buying Twitter for 44 billion dollars. For charity. As emerged from the testimonies of Ira Ehrenpreis and Todd Maron, two members of the board of the car manufacturer at the time, Musk can oppose solid arguments to the accusation: Starting from the fact that, since then, the Tesla stock multiplied the value tenfold. But the pressure exerted on the board to guarantee a favorable vote remains. And that sailor's promise of March 2017: "I promise - reads a letter delivered to the board of directors - that I will devote most of my attention to Tesla for the rest of my life". 

Elon Musk, there is not only Tesla: the sailor promises of the most original tycoon

Sailor promises, it was said. But Elon super Musk cannot be judged by the yardstick of normal people. Also because one makes, a hundred thinks. An example? In the aforementioned speech to the B20, the billionaire, in order to eliminate traffic jams, anticipated a project to the rockets and the tunnels for the mobility of the future. But histhe Boring Company”, the creature of the empire created to defeat the traffic “that drives me crazy”, has for now encountered more difficulties than expected. And so the inaugural tunnel of science fiction hyperloops (1,6 kilometers by 3,6 meters wide) built in Hawthorne, California, has been demolished and will be replaced by parking spaces for Space X employees.

In short, imagination and economic resources are not lacking in the most irreverent and nonchalant tycoon of the global economy, who does not give up having his say via Twitter on practically every topic. Including the Bitcoin crisis: the cryptocurrency on which Musk made gold profits, he said, will recover. In the meantime, the advice is to buy dodgecoin, the completely virtual currency which boasts, as its only asset, the promise of landing with Musk on Mars, as he himself assures.

On Twitter the latest layoff goes crazy

Before fleeing to Mars, however, it is necessary to face an enterprise worthy of a Martian: to do Twitter the voice of the new society, as he says he understands it: a profitable media capable of guaranteeing freedom of speech without censorship. Too bad that, for now, in addition to firing half of the workforce, Musk has already suffered several injuries, leaving room for fake news, while the project to create a paid area for users has foundered miserably. As well as the ambition to guarantee freedom of speech. Another sailor's promise: it was engineer Eric Fronhoefer who paid the price, a technician who had the audacity to explain via tweet to Musk that the innovations introduced on Android were a mistake. The answer? Fired on the spot.

 

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