So when he inevitably doesn't hit that goal, what happens?
prmph · 2h ago
This is scandalous!
renewiltord · 2h ago
Seems fair. He gets a sixth of what he makes them. I voted to give him his big stock options back last time and gladly will again. If someone does good work for you, you have to pay them what you promised.
Insanity · 1h ago
Genuinely curious, what good work from the past year? Sales are down for Tesla across the board since his stint as a 'political influencer'.
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.
renewiltord · 1h ago
TSLA is up 80% since this time last year. I don't need the proxy metrics. As a shareholder, there is one metric I care about and he's delivering on that.
throw310822 · 1h ago
My impression is that Musk is trying every conceivable trick to keep the Tesla stock inflated way beyond any reasonable valuation. At the moment it's trading at 236 P/E. Tesla is a car company that doesn't seem to have any particular technological advantage over its competitors. Its technology has become mainstream and it can be outcompeted on price and quality by an ever increasing number of Chinese companies. The stock is kept afloat by the promise of FSD- a tech that's been "almost there" for years and every year becomes closer to being easily reproducible by every manufacturer; and even more absurd hints to a humanoid robot- on which they already appear to be behind Chinese companies. At some point there will be a reckoning at the stock will crash. Would me wiser for Musk to guide it towards a soft landing, if it can keep Tesla alive.
A_D_E_P_T · 1h ago
> The stock is kept afloat by the promise of FSD- a tech that's been "almost there" for years and every year becomes closer to being easily reproducible by every manufacturer
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...
throw310822 · 1h ago
Heh. I am less worried about the valuation of BTC than that of Tesla. At least BTC doesn't have any fundamentals at all, while Tesla is still supposed to be valued in relation to actual sales and quarterly reports.
prmph · 2h ago
You do not see all the problems externalized to society from this scooping up of resources from all over the world and the concentration of them and power in the hands of a few??
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?
JumpinJack_Cash · 32m ago
> > If someone does good work for you, you have to pay them what you promised.
Stock is flat ever since Q3 2021 except for the "bromance trade" when Trump got elected
techpineapple · 1h ago
I think I've come to this place where it seems like we live in this meme economy where stock price is separate of any actual value.
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.
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
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.
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...
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?
Stock is flat ever since Q3 2021 except for the "bromance trade" when Trump got elected
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.