[xmprt]

If we combine the market cap of the entire S&P500 we get close to 70T. That doesn't mean any of those individual companies are any more valuable or any of the investors are any richer. It makes no sense that Tesla shareholders would be ok with paying out a performance bonus just for M&A that doesn't grow the value of Tesla and would just dilute their shares.

[appplication]

Well yeah it doesn’t make a ton of sense but the shareholders already cast their vote on this. I’m not sure what they expect would happen but I also don’t think they care. Elons shareholders are a special kind of financial sycophant.

[s1artibartfast]

Most are tied to operational milestones as well if I understand correctly

[lesuorac]

As pointed out by somebody else [1]; Operational Milestones are waived if SpaceX buys Telsa.

[1]: https://news.ycombinator.com/user?id=antasvara

[s1artibartfast]

Thats not what it says. My understanding is SpaceX milestones stay intact.

For Tesla ops milestones they would be waived, this is fine because accusition is a chance for Tesla shareholders to cash out at that price.

[lesuorac]

We're talking about his Tesla grant so SpaceX's grant is irrelevant.

The text written in the link you did not read, states "Notwithstanding Sections I, II and III above, in the event of a Change in Control, the Operational Milestones shall be disregarded".

[s1artibartfast]

The link supports wxactly what I wrote. Not sure where your confusion is.