[hollerith]

That makes no sense.

Any money or shares Tesla pays to Elon is money or shares that could instead be used to pay dividends to the shareholders or to buy back shares, which increases the value of all the shares that have not been bought back.

[seydor]

That's again assuming that elon is not a shareholder

The dividends/buybacks are irrelevant. Anyone could sue to cut down dividends to increase buybacks or vice versa but thats besides the issue

The whole conversation about dilution is irrelevant: elon was granted stock options, there would be no issuance of new stock