Even a billion dollars is a stupendous amount of money. What on earth justifies one person having a trillion dollars? is there any argument to be made that he is 10 millions times more worthy and superior as a person than the average person?
To the extent this is true, Waymo is miles ahead. And Tesla is losing ground on this to other competitors very quickly. Even Amazon's Zoox appears to be making lots of progress.
That said, memestocks are by definition irrationally valued. They have more in common with BTC than they have in common with, say, GM stock...
EDIT: I'm posting this as someone who likes the actual Tesla cars. But I don't follow the company news closely so it's possible he did some great work that I'm oblivious to.
Sure I'd prefer a world where money is spread out more evenly. But if Tesla sold say 500 million cars, and Musk pocketed $2,000 each; while yes, I object to any one person having a trillion dollars, if he sold 500 million cars because they really were the best cars available, there was good competition, no monopoly violations, he was just the best, I'd think ok, like no one needs that much money sure, but at least the economy seems to make basic sense. People make money because they create things of value.
But when Tesla's value is totally disconnected from the actual value the products provide, and instead is just based on Musks's ability to hype the stock. It's not great. And we are getting to this place where the wealth is so concentrated in the magnificent seven it's even making trad right-leaning capitalists get concerned. So no, I don't think his pay package should be aligned towards things that are bad for the national, if not global economy.
Stock is flat ever since Q3 2021 except for the "bromance trade" when Trump got elected
Related: Elon Musk's $1T Tesla pay package: Here are the major caveats (3 points, 8 days ago) https://news.ycombinator.com/item?id=45164176
prmph•1h ago