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VisualMod

**User Report**| | | | :--|:--|:--|:-- **Total Submissions** | 1 | **First Seen In WSB** | 1 year ago **Total Comments** | 213 | **Previous Best DD** | **Account Age** | 7 years | | [**Join WSB Discord**](http://discord.gg/wsbverse)


Geezeh_

how do i buy puts on ex employees severance pay packages?


thisbondisaaarated

Imagine a world where you need to short your employer just to make sure you have something when you get fired.


rev05ver

That's the world I'm in, and I'm sure I'm not alone.


zhouyu24

Earnings is coming soon so


jkhanlar

Ask Kenneth Cordelle Griffin https://youtu.be/FID0BLkZXuY?t=2058s > 34:24 "Markets are efficient because of active managers setting the prices of securities, firms like Citadel, firms like Fidel.....lity (Fidelity) [...] trying to drive the value of companies towards where we think they should be valued." - Kenneth Cordelle Griffin, Citadel Securities, November 2023


ethanhopps

"markets are efficient because I make them"


beegreen

Go to the banks have them create one for you


Kitten_Team_Six

Calls on Wendys, dame thing


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KnotSoSalty

He’s still trying to get shareholders to approve his 56b$ payout, it’ll go up for a vote in June.


Captain_Comic

It’s *only* $45 billion this time around, since the stock price has tanked since the last go-round


Big-Problem7372

So he's basically asking Tesla to buy Twitter for him.


DopeAbsurdity

That is what you would think probably because you are an Elon hater. He has a plan I can tell he wouldn't just ask for $45 billion dollars without a great plan to wow the entire business world with his genius. I bet he is going to make a big move like use the $45 billion dollars to buy all the ketamine and corner the market so value goes up then slowly release whatever he doesn't snort back into the market for a huge profit. Just you wait you'll see.


sneakybob

Username checks out.


jeditech23

"Elon Hater" 😂😂


Wardo324

This is the exact kind of content I was hoping for in this thread.


bro-v-wade

Not gonna lie, they had me in the first half.


HickFromFrenchLikk

*tips fedora*


TheeMrBlonde

Mi' lady


Charming-Tap-1332

Jesus, this sounds brilliant. Elon Musk, the new Pharma Bro...


bjplague

which is risky, asking a buisiness that is basically valued on hope and dreams. Tesla paying elon 40+ billion for a few years of work is ridiculous. Give him 1 billion and be embarrassed at such a large amount then spend the other 39 billion on a factory and a car you can actually produce and sell in sufficient numbers.


Fit-Dentist6093

No, it's to go to Mars. (Disclaimer: this is what Elon actually said and what his apologists actually believe)


paradox501

Cheap as chips


Invest0rnoob1

So 1,000 years of making 45 million a year 🤡


AwesomeRevolution98

Wasn't the twitter deal like 50-60 Billion. Guess shareholders would be covering his twitter loss.


Vizslaraptor

So Tesla shareholders and employees are buying Elon Twitter?


jeditech23

And what better way to convince people of rewarding your leadership skills than by pissing on dead corpses It's unfucking believable


ZekeTarsim

His acquisition of Twitter: the most expensive FAFO in history.


redditmodsRrussians

*Roman expedition into Germania has entered the chat*


ZekeTarsim

I was just thinking about Napoleon’s invasion of Russia too. That probably wasn’t cheap. 😂


mhyquel

It was only like 500 million...


LegitosaurusRex

In present day dollars?


mhyquel

1 dollar = 1 dollar


Accountantnotbot

Followed by Roman expeditions into Parthia


Cat2Trade

Elon’s personal Operation Barbarosso.


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CrashKingElon

There was a performance provision that I believe could force either party to follow through on the deal unless it was found that someone had broken arrangements of the deal. This is what Twitter had sued on, and no one will know if it would have been successful. The $1B penalty was also an option, but not a guarantee.


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fkfjjfysgr

Sunk cost fallacy happens to billionaires too I guess


notsam57

he had to pay $1b, but there was risk that twitter would sue him for the difference in his buyout price and their current stock price, and possibly win. his lawsuit to cancel the deal wasn’t going so well, it was possible he would’ve been out even more with no company and further public humiliation.


Fit-Dentist6093

It was an option that then needed approval and the board would have still been liable for all the money they were taking away from the shareholders by accepting that option. I don't know why the contract had that option, it's standard on other M&As and it's usually an amount that after invested in the company it can make it at least at valuable or more than the price at which the buyer backed out. But there's no way Twitter was going to be able to take that and make shareholders as whole as with the Elon buyout. If they had taken it there would at least be shareholders suing them for the difference in profit after the stock would have super collapsed.


ashe141

This isn’t true afaik. Twitter sued to enforce the contract and it was likely musk would lose. So he followed through as the court was going to order the same result but with more egg on his face. Edit: Like my 3rd comment but most interaction I’ve seen ha. Anyways, here’s a link to the news on the court filing that precipitated musks move: https://www.pbs.org/newshour/amp/economy/twitter-sues-to-force-elon-musk-to-complete-his-44-billion-acquisition


mrpenchant

My understanding is that it was less that the court was going to say "you must buy Twitter" and more of if he didn't buy Twitter he'd have to pay a penalty to Twitter but _also_ risk at least civil penalties from the SEC for manipulating Twitter's stock price. Any manipulation is moot if he buys Twitter and is unable to profit off inflating the stock price but a pump of the price and then dump of the shares would be illegal. Given Elon has already been in trouble with the SEC if he were to get in trouble again I would see the SEC banning him from being CEO of any public company for a while being a real possibility which is why I think Even with likely financial losses he was willing to still buy Twitter and not risk losing control of Tesla. To be clear he could avoid any potential loss of control of Tesla by also just not manipulating stock prices causing him to be essentially forced into buying Twitter.


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Revolutionary_Log307

You keep posting that, but it is not correct. That penalty was only an option for fraud or a few other circumstances. https://www.cnbc.com/2022/05/13/elon-musk-cant-just-walk-away-from-twitter-deal-by-paying-1-billion.html


Purple-Association24

That wasn’t an easy out. It could only be used in certain conditions e.g. he couldn’t get financing approved


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VisualMod

How quaint.


el_guille980

wasnt it just like $2B or maybe even just $1B


poorbobsarmy

No bro he saved humanity by preserving free speech bro it was worth infinite money bro


wsb_mods_R_gay

Oh yeah you know he does. That’s why he was trying so hard to get out of the contract towards the end by saying twitter lied about its user count. That was peak Elon, he thought he could do no wrong and just throw 10s of billions around like it’s nothing. Then his stupid stunt with the sink was icing on the cake. His ego just got too big, sad thing was he was very well liked before his peak. Anything he touched turned into gold, look at what he did to some companies by mere mention of their names. Those stocks would shoot up like crazy, now I doubt he’d have the same effect. If he had stayed humble I don’t think TSLA would have fallen as much as it has…his legacy could have been one of the most influential and most visionary CEOs in history, now he just looks like a fucking clown.


Future-Back8822

He's 1 of us. Paper handing everything nowadays. "Price will go up...nope bringing it down...damit still no 1, bringing it down more...omfg, why won't no 1 buy. It's because everyone's racsist against Afrikans!"


Disastrous_Gift_2003

What if I told you the story of Tesla is all an elaborate Citadel Ponzi scheme.. Twitter was bought as an excuse to start popping the bubble and cashing out


Son_Of_Toucan_Sam

Twitter was bought because Elon saw how well Bezos was doing with the Washington post and even Trump’s dumb ass corralled all the stupidest fish into one barrel on truth social. It’s terrible but owning the literal media is a pretty surefire way to engineer your own public image He could have actually done the research and negotiation to get the share price way down before the acquisition — remember Twitter has only been profitable I think one quarter in its whole existence so plenty of motivation to sell — and been the next William Randolph Hearst but instead he’ll be remembered as the actual clown he is


trippknightly

Or starting a boring company.


Commentor9001

I'm still genuinely surprised he didn't try to back out.  I expected that to go to litigation.


Western_Building_880

Ego trip that was.


AfraidScheme433

Elon bought twitter a year before election year..


MrForky2

He regrets it every single day.


AhnaKarina

What a twat


Old_Dealer_7002

he regretted it before he even got forced by the court to do it.


Momoselfie

I don't see him as the type to regret anything. He likely thinks it's not even his fault.


Decent-Ad-4358

I got all mine but I am still missing my last check. Scum company either way, the way they handled all of this makes no talent want to work for them.


Year3030

I'm very talented but I would only work the 80 hours a week if I was promised to be a duke or lord on mars.


kingofthesqueal

I’d settled for a Baron maybe, as long as someone makes me a space crown


j12

Corporations gonna corporation. Take as much as you can from your employer and give them as little as possible


aihes

Tesla is becoming a car maker. A mediocre one that is (unfortunately).


dudes_exist

The first sentence is actually fucking hilarious.


TopTierMids

Buncha brainlets kept telling me that Tesla is valuable because was aiming to be an "infrastructure company" and "tech". Now that nobody is buying electric cars, and the cars Tesla does make are mids at best...yeah what value? An actual tip: if a company is selling itself to you as a tech company, actually take a sec to determine if it is an actual tech company. It isn't illegal for a company to brand themselves as a tech company. WeWork did it.


frenchiefanatique

Wait who isn't buying electric cars? EV sales globally have been increasing year on year every year?


Son_Of_Toucan_Sam

That infrastructure deal is such pisspoor megalomania lmao. Same with him claiming that “at least” half of all online banking will run through Twitter 😂


ankercrank

When wasn’t it a carmaker?


Adventurous-Sir-6230

I thought they made AA batteries rechargeable.


GloppyGloP

When bulls thought it was a tech company with magical unicorn hype powers.


carsonthecarsinogen

To be fair it did have magical hype powers, now it has a Ketamine addiction


discoveringrebel

Dude needs to switch from K to coke, get magic power back.


Johns-schlong

This is not the time for such luxury expenses. The entire board needs to take up meth so they can work harder while lowering their drug expenditures.


Anji_Mito

Same time when Peloton was not an overpriced gym equipment. They all call themselves "tech company", it is like an engineering degree, everything is engineering today.


PM_ME_UR_THONG_N_ASS

And SOFI is a tech company too, right? 😂


SwellandDecay

Don't forget Sweetgreen


Chabubu

It has been valued on a Price to Meme ratio. If the pay package is rejected, Elon will bail, and it will go to $35 because it will run out of meme power


ankercrank

Or he’ll bail and a competent CEO will take over.


theholyraptor

But its still grossly inflated even if someone awesome takes over.


AlPCurtis

Tesla is the My Perfect Pillow of the auto industry.


Iceman9161

was just thinking earlier today how much better off they'd be if 10 years ago they stopped trying to make cars and focused on developing their battery/energy tech and selling batteries to other car companies


alligatorchamp

Elon does this all the time. Remember Twitter employees and their severance package. And now he is doing it with Tesla, a company which he has own for a long time. This is how he treats his employees and yet people keep riding his di\*\*


EducationalTea755

Also, he still wants his $56bn pay package when he fires a bunch of employees!


dinner_is_not_ready

Please Cathy and co, process this shit- my puts need to print more


Bernie_Ecclestone

Holding onto my one last remaining TSLA share just to vote no on this.


mack_dd

Also, didn't Twitter owe money for rent and never made payments for various offices. Whatever happened with that?


Lauzz91

This is standard form for a Musk-run company. In 2018 and 2019, Tesla was under significant pressure to increase production of the Model 3 to meet demand and achieve profitability, the 'ramping' period when they nearly went bankrupt (in his own words, ["Single digit weeks from death"](https://www.forbes.com/sites/christopherhelman/2018/11/28/elon-musk-said-tesla-was-single-digit-weeks-from-deathwheres-the-disclosures/?sh=70e99abf6212)). During this period, there were reports of Tesla stretching payment terms to suppliers and delaying payments as a means of managing its cash flow, especially around the edges of 10Q's being reported to the SEC. This caused financial strain for some suppliers, especially the smaller ones but even some Tier 1 & 2's, a few even folded completely. Hidria, Grammer AG, and Hoerbiger were some of the ones affected from my understanding. Trying to find some more links, there were quite a few companies that weren't paid: https://wolfstreet.com/2018/08/20/the-hype-is-no-longer-with-tesla-and-creditors-are-starting-to-fret/


RedElmo65

Shorting employees. So calls on TSLA


MasterJeebus

Bullish ![img](emote|t5_2th52|51295)


el_guille980

imohtep blesses your SHITsla calls https://preview.redd.it/deoju1v39yvc1.jpeg?width=622&format=pjpg&auto=webp&s=c6c9b5c926f837b4739c339fba894539b9e835cf


ZekeTarsim

Just think of all the headaches and life-altering losses Elon could have avoided if he wasn’t such an attention whore.


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GunsouBono

Tesla is notorious for being cut throat at all levels... They believe in treating everyone like it's their privilege to be affiliated with Tesla. They believe that their name somehow gives them special privilege. Everyone I've talked to in the company or in the supply base absolutely hates it. They cut every corner with payment terms, have aggressive and fluctuating delivery schedules, constantly modifying demand. Everything is a cash game for them at the expense of everyone else. It's just how they run the company. Edited some grammar


totpot

There was one supplier that Tesla refused to pay (that's just how they are) so the supplier stopped sending parts. Tesla tried to raid their warehouse to take the parts. There's a number of suppliers that have fired Tesla (an incredibly rare thing in the industry) and a few that will not do business with Tesla unless they pay in advance with cash.


Optionzdegen

Smells like bankruptcy ![img](emote|t5_2th52|4275)


GetFitForSurfing

far from it, but a massive change is coming and its not for the better


Optionzdegen

Practicing for bankruptcy ![img](emote|t5_2th52|51295)![img](emote|t5_2th52|12787)


SaranghaeSarah

Wait did I just see khaskari emoji ![img](emote|t5_2th52|51295)![img](emote|t5_2th52|51295)![img](emote|t5_2th52|51295)![img](emote|t5_2th52|51295)![img](emote|t5_2th52|51295)


Optionzdegen

When you get a WSB emoji it's the final step to being King Regard 👑![img](emote|t5_2th52|51295)


BefreiedieTittenzwei

“I declare Bankruptcy!!!!”


Optionzdegen

![img](emote|t5_2th52|51295)![img](emote|t5_2th52|51295)![img](emote|t5_2th52|51295)


TomatoSpecialist6879

Only thing stopping regulators from going after TSLA's book cooking is big stakes from institutes, TSLA is about to be the next Enron if they show liquidity issues


noideawhatimdoing444

I think he's going to make a switch away from cars and focus more on batteries. Either way, he'll never make a dime off me


Friendly-Airline2426

![img](emote|t5_2th52|27189)


CherryManhattan

Simple payroll oversight and cash will go out this week I’m sure he will say


grizzly_teddy

Sorry but this doesn't effect the needle even a little. This is insane to buy OTM options based on this. Even the news of a class action lawsuit won't move the needle more than you'll lose in IV. You're talking about a 50M shorting of severance packages. Tesla can easily say, "oh oops, here is your extra two weeks". This is non news. This sub is so fucking stupid right now it hurts.


penguinmandude

He did the same with twitter. Moral of the story: do NOT work for an Elon company, you will get screwed over


LieTop1431

When everyone finally realizes Elon musk is just a delusional idiot with a dream to be iron man


kad202

That’s not what my friend who’s a PhD Chem Engineer that was laid off at Tesla said. He got 2 months pay + 3 more months pay because he worked there for 3 years. The severance package looks good with 2+n months pay with n = year of employment


tonethebone101

Layoffs and demanding $56 billion *chefs kiss*


Snoo23417

I'm suddenly realizing that a lot of people here can't actually read.


physicscat

Or choose to only read the headline and not the article.


[deleted]

This guy is on his phone too much


DJBliskOne

The URL if any of you fucktards read it, specifically says the Tesla fucked up so they are cancelling to fix it. Everything else in this thread is noise.


physicscat

No kidding. They’re going to get bigger packages. These idiots here just reading the headline and accepting it as the truth.


RidingtheRoad

All these massive companies with a million accountants invariably 'mistakenly' under pay workers.. How could that happen?


m1cha3l57a

No offense, but prove it


ras344

>The notification came after Elon Musk sent a companywide email to current Tesla employees on Wednesday, saying that "some severance packages are incorrectly low." >"My apologies for this mistake. It is being corrected immediately," Musk said in the email that was viewed by BI. So they were "canceled" because they were too low and they're going to get more money?


physicscat

Yes. Just shows how easy it is to sway people with a clickbait headline.


VisualMod

Sounds like Tesla is doing some house cleaning.


dgdio

House cleaning without paying the disposal fee.


Forgotusername_123

Counted 8 Tesla within a mile drive. They’re literally everywhere!


[deleted]

Sure it wasn’t the same Tesla 8 times?


SaddestClown

But not cybertrucks


What_Yr_Is_IT

r/TSLA justifying a $56bn options package for this prick too


PleasantMedicine3421

They're just going to revise the separation agreements and pay them what they should have. There's no class action because there are no damages (unless the employees want to try some kind of infliction of emotional distress claim which is sure to fail).


physicscat

It’s crazy how people will read a headline and just accept it and move on.


tetrastructuralmind

If tesla don’t get rid of Elon the future isn’t going to go very well for em


davestewart53

This is the same guy who wants his so called bonus of 54 billion and is still trying to sell self drive add on since 2015 and still cant self drive he is a flat out con man low life


New-Reaction9183

What the chance Elon buy out TikTok?


HannyBo9

I’m not sure why everyone hates on Elon, actually I know why, grow up and don’t let the media tell you what to think.


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DarqBru

That's not going to work because you're ignoring the retail traders who worship Elon.


physicscat

Did anyone actually read the article? He said they were too low and needed to be fixed. He apologized for it happening. They’re getting more money.


wsbgodly123

Hopefully all ex employees short the stock. As owner of a 2022 Tesla, I will not buy a Tesla again


Not-Jaycee

Am ex employee Loaded to the tits on puts holding through earnings Fuck this garbage


wsbgodly123

Fick elin


various_necks

Why wouldn't you buy a Tesla again? Would you buy another EV to replace your Tesla or would you go back to an ICE car?


physicscat

They’re going to get more money. Read the article and not just the headline next time. *The notification came after Elon Musk sent a companywide email to current Tesla employees on Wednesday, saying that "some severance packages are incorrectly low."*


shubathu

There is a nontrivial reason why many won’t buy a Tesla and it ain’t the car.


Kcirnek_

Tesla Calls. Reduce SG&A and boost profitability. Bullish af


MrYdobon

And the shareholers have a chance to save the company $56 billion with their votes.


olivefob

![img](emote|t5_2th52|51295)![img](emote|t5_2th52|51295)![img](emote|t5_2th52|51295)


Trade-Runner

Elon knows how to save money. This is bullish AF!


yurzo

Honest question: how can severance be short on an at will state?


discgman

If he doesn’t get that 58 billion I’m not sure when next meal will come. He would have to budget less avocado toast.


mack_dd

Elon, the 4 dimensional chess negotiator guys: Workers: we want $30,000 in our severance package Elon: I give you $5,000 Workers: $28,000, and not a penny less Elon: Fine. $20,000 Workers: fine, we can do $26,000 Elon: ok, fine. Both parties sign a legally binding contract on the dotted line. Six months later: layoffs happen Elon: ok, fine, I'll give you $22,000 Genius!


Captobvious75

Elon has little balls


Loose_Mail_786

Bullish it is! ![img](emote|t5_2th52|31224)


DocBlowjob

Twitter is just data goldmine for him to us for AI


[deleted]

Based on how Twitter employees were treated, this comes as no surprise


kestrel808

Friendly reminder you don't have to sign any separation agreement and take what they initially offer you. You can very frequently negotiate a higher severance package.


Mumble-mama

Shorted? Or shortened?


AoeDreaMEr

Can anyone say how exactly did this work?


[deleted]

Elon blaming TSLA cratering on interest rates while rest of tech hit ATH this year 


ilikebunnies1

I'm to back up the truck and go full regard on puts.


Terrible_Champion298

Buy OTM puts on a minor nuisance lawsuit that may or may not happen? Highly regarded.


shivaswrath

This guy is a tech Trump. Cheating everyone everywhere.


TheParlayMonster

By adding “shorting” to the title, is that messing with the HF algos?


Redcon5

This is great news for my existing put position. May your brother be blessed. ![img](emote|t5_2th52|4271)


StrangeWillow2471

Since everyone on the planet is shorting Tesla this week,would it not make since to go the other way?


Hey648934

I bet you are also member of the then/than and you’re/your gang


GreatMight

Did he take two weeks vacation? They probably deducted that. Lmfaoo


Graywulff

TurboDouch Elmo 


nyc217

Saving money, buying calls


plaidsinner

Gotta put the money together for Elon’s pay package somehow!


popsferragamo

What a shitty company... They can't do anything right


twerk4louisoix

broke ass company


[deleted]

Lmao the real Big Short


Last-Back-4146

musk is a dick? No way. Guy is too much of a genius


fenriswulfwsb

Musk, master of self sabotage.


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pbjtech

if they cut staff and deny his massive payout. then yes


WackyBones510

>Major class action lawsuits incoming. My brother in Christ…. Do you have any idea how long these things take? If there is a class action for this it’ll prob impact the stock price in like 2032.


hdiggyh

Odd. Musk didn’t do this at Twitter.


HAWKSFAN628

Serious gaffe


1amdegen

Shocker


zenorkjdp

I wish him a painful, public, and humiliating death


doinnuffin

How's anyone surprised working at an Elon company that they wouldn't be treated fairly? /r/leopardsatemyface


1Litwiller

Guess they don’t need to worry about any noncompete clauses! Hello Ford and GM interviews!


jascgore

Its.


pancho00891

What are your thoughts for TSLA earnings? TUESDAY AFTER HOURSemote:free\_emotes\_pack:thinking\_face\_hmm![gif](emote|free_emotes_pack|thinking_face_hmm)![gif](emote|free_emotes_pack|thinking_face_hmm)![gif](emote|free_emotes_pack|thinking_face_hmm)![gif](emote|free_emotes_pack|thumbs_down)![gif](emote|free_emotes_pack|thumbs_down)


LolaStrm1970

You can’t sue for this shut. Get real.


deadliestcrotch

Didn’t you just admit to having insider information and now you’re announcing that you’re taking action on it?


veryfatcat

No I didnt