Tesla Shareholders Pitch $56 Billion Pay Package for Elon Musk | Vantage with Palki Sharma
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- Опубликовано: 17 апр 2024
- Tesla Shareholders Pitch $56 Billion Pay Package for Elon Musk | Vantage with Palki Sharma
Tesla shareholders have proposed a vote to approve a massive $56 billion pay package for the company's CEO Elon Musk. Though Musk does not draw a salary for his work as CEO, he owns around 20% of the company. In 2018, shareholders had proposed a pay deal which would see Musk receive around 1% of Tesla shares every time he achieved a financial or operational target. The 2018 deal works out to around $56 billion over several years. A US court had blocked this deal after a few shareholders opposed the deal, but the proposal is now back on the table. Is Elon Musk worth $56 billion to Tesla? Why are CEOs paid so much amid recession fears and layoffs? Palki Sharma tells you.
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Elon Musk | Tesla | Shareholders | Pay Package | US | Firstpost | World News | Vantage | Palki Sharma
#elonmusk #tesla #shareholders #paypackage #us #firstpost #vantageonfirstpost #palkisharma #worldnews
Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.
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If he met the targets... he should be paid!!!!
Tesla 2018 - 2022 (timespan of the comp plan):
Revenues: $191.4 Billion
Gross profit: $45.2 Billion
Net income: $17.9 Billion
Simply yes
@kellymoses8566 From what I understand, "Tesla's 10-year pay agreement with Musk reached in 2018 would be worth around $51 billion at Tuesday's closing price for Tesla stock, accounting for the cost to Musk to exercise the options." He hasn't collected any form of salary since Tesla's inception, targets worth a specified amount in stock options were set. In this case a 10-year target, agreed to by the board (that seemingly represent the shareholders). The man met those targets, so he should be paid what he is due.
How much influence he had on the board to approve such massive payday is a story we can't tell. They could go to court and prove he influenced/dictated this payday (which is fraudulent) but until then, he should be paid because the company agreed to pay if he reached those goals as the driver of the Tesla train. Which he did!!!i
Yes
👍
If Elon Musk met his target, then he should get paid.
The agreement says he gets paid based on the performance of the company, so the current performance makes him eligible for $56 billion, then they should pay him his worth.
No
Tesla stock is down so we need to minus 35%
@@gjw2wj469 Just because the stock fell doesn’t mean he did not met his projected target.
This is partial information. Only valid statement in the video, "would the company made what it made without musk". Rest of the information is all retrospective. When the pay package was announced, Tesla was valued (if I remember correctly) around 50 - 60 billions USD in 2018. Today's market cap is below his payout criteria. It can argued if the market jump was due to manipulation (jail him if proved guilty). Just because nobody else got this kind of payout structure, doesn't make it illegal. Most of the initial investors in TSLA are Tesla Car Owners(including me), they trusted his vision, sustainability and invested not because they were expecting huge returns. I gained from TSLA (currently I reduced my position to almost nothing). When I saw the pay package numbers in 2018, I thought it's ridiculous. Retrospectively I would have preferred better vesting criteria (may be 10 years) or some portion tied to his post-retirement value.
Rightly said. They also don't know how so many Tesla employees themselves became millionaires because of owning Tesla shares. But stories of evil CEOs sucking blood out of their employees sells so here we are.
Just follow the rules. Elon musk should be paid 23.01 billion (38 billion - Income tax 30%) as the current stock value is down 35%
This goes to the core values of our society. A man who built a brand from scratch worked passionately for 10 years and now when it's time for him to receive his due these people have a problem with it. If this contract is breached then no contract is valid and what is the meaning of having contracts anyway. But as an Indian, I can relate to this. Here also we don't get paid based on our performance. Whenever we exceed expectations, the bosses somehow find a way to pay less. Perhaps this sentiment is driving these people.
Perfect said.
If all the CEOs where like Elon and only paid on performance. Here the judge was unjust in his decision. According to his judgement a owner of the company can work tirelessly but can not be paid because he owns the company.
Just follow the rules. Elon musk should be paid 23.01 billion (38 billion - Income tax 30%) as the current stock value is down 35%
@@gjw2wj469stop copying and pasting your comment😂 nobody wants to hear it from the peanut gallery kid
He didnt build Tesla from scratch point of correction. Tesla was founded by Martin Eberhard and Marc Tarpenning. Musk was the biggest investor at the early stages who yrs down the line forced the founders out. So many tend to forget this part
when the compensation package was announced in 2018 ..... everyone said it was ridicules .... the targets can never be met!
How many of those stock price targets where met via outright lies from Elons mouth. Now the stock has completely cratered and the brands reputation is in tatters.
@@geelangfordo3272 Elon himself said , the Stock is too high ..... in 2020 and 2021 but investors did not holdback.
however, for now .....i wish the trend continues and the stock goes down to 100/120 range .... it will be an lifetime buying opportunity 🤞
No
Tesla stock is down so we need to minus 35%
@@gjw2wj469 it did however meet the targets set by Tesla Board! the duration for which the stock price has to stay at certain price.
compared to its piers , TSLA did at least 10x better!
I bout Tesla because of musk
Elon is Tesla and Tesla is Elon.
But Tesla is a public company and stock holders.have a ownership claim in the company now. 😊😊
That's why pkg was already approved initially by stock holders
@@tusharshah5713The negotiations where illegal.
Tesla is Elon,
and Elon is Killing Tesla!
Elon’s MAGA politics & Mega Ego. are KILLING Tesla & Twitter.
🧠
Elon is Musk and Tesla is Nikola 😅
Make Palki CEO of First Post qnd see her complain about salary
حسن سلمانی❤❤❤
I mean, she owned this channel. She left Wion, cause Wion had become a western like media.
@@GodBlessUrHeart don't say shits😂, she can't afford that. This venture owned by reliance 😂😂
Lies again? App Store AVN SaiGon
What you dont know is..she is the Managing Director of this channel. Basically this channel is completely controlled by her though its funded by Reliance.
A deal is a deal, he should be paid, period.
then tesla stock crash below 100
@@praneethjayasimha5943 Let it crash
@@praneethjayasimha5943good
And you did not mention the initial stage of tesla where it was almost went for bankruptcy this guy single handedly save that company and caz of that many workers became millionaire plus he live in a tent like a house !! is it like garnishing bad name to enter to indian market Firstpost has disappoint me first time
You saw him living in a tent like a house.
We don’t what is true. Maybe that was PR.
He is a business man. Tesla was not originally founded by him, but he took the credit. He always does.
I hate his ideology. Just my opinion.
@@RobinHablani 😁 invest in a business and take over the same business yourself and try achieving like that man in a small scale at least so that you will feel it 👍
@@vp5335 I can understand how difficult it could be.
But all it takes is guts
Tesla 2018 - 2022 (timespan of the comp plan):
Revenues: $191.4 Billion
Gross profit: $45.2 Billion
Net income: $17.9 Billion
No
Tesla stock is down so we need to minus 35%
Just follow the rules. Elon musk should be paid 23.01 billion (38 billion - Income tax 30%) as the current stock value is down 35%
Elon is Tesla! The value he brought to the investors alone makes the pay package worth it. Remember when Tesla was worth $14 and now it’s at ~$150!
It is his idea and he initially created TESLA with his own money and he is the first successful EV maker in the world. He is capable inject many ideas to the companies which you can fix the price! He created many millionaire owing his stocks - he is deserve to have any amount of incentives and salary.
Exactly! And he brings revenue into his country, keeps the US ahead in innovation and even if people hate him, he DID GAVE JOB TO HIGH TECH EMPLOYEES.
If Americans hate him, they can give us his company 😂
Martin Eberhard and Marc Tarpenning were the Co-Founders. Musk was brought on as an early investor after he was fired from Paypal as CEO.
He didn’t create Tesla! Get your facts straight. He invested in Tesla and took over by buying out the two men who owned and created Tesla.
Btw, there are Tesla factories overseas too… 😂 doesn’t bring all the money back to the US.
Bro u lack some crucial knowledge.. Musk isnt a founder of TESLA.. Do some research
I'm a little surprised by the opinion shared by Palki in this segment.
Elon is the co-founder of the company and took over as Ceo in 2007 (if I remember correctly) when the company was worth next to nothing. He took the company to a market cap of ~60 billion dollars in 2018 when this pay package was announced. Shareholders overwhelmingly voted for this pay package at a time when the entire world was laughing at the targets set for the payout (you are free to look up the articles and media coverage at the time).
Now, the company is worth 500 billion and all targets were hit and suddenly it's unfair.
Its also disingenuous to report how the stock has done over the past year and not mention how it did since the announcement of the pay package in 2018.
Its also important to remember that shareholders are the owners of the company and they have every right to decide how the CEO is compensated. The soliloquy on Ceo pay was nice but unnecessary. At the end of the day it's demand and supply. You want the best person running your company then you have to be willing to pay accordingly.
When companies are worth hundreds of billions or even trillions, then leadership is extremely valuable. Every decision is worth hundreds of millions or billions in revenue/profit etc.
As a shareholder, ill be voting in favour of Elon's pay package. The man has revolutionized the automobile and space launch industry, even when the rest of the industry "experts" and the wider world was laughing at him.
Totally agree with you, if there is anybody on this planet that must be given money it's Elon.
Not cofounder he is just an investor original Tesla was designed and developed by other two engineers,on fired then because they don't have enough money to invest
The majority of shareholders will vote to give Elon his deserved bonus.
It was only a corrupt judge who is in the pocket of the communist that stopped it.
I'll certainly vote to pay the man the agreed amount.
@@MelonEsukcontinue to tickle yourself with wrong info
The pay which was AGREED upon
There is no definite formula for how much one should be paid. I think if someone has created new wealth (without destroying another kind of wealth), then that person can be paid any amount.
I think what separated this analysis of Palki from the usual rich-bashing was how she qualified her statement with the opposing narrative at the end. Kudos to you for giving a more holistic picture.
Talking about whats in U.S. but someone say about Adani Ambani then its become an India insult... Why not consider that as a business point.....😮
He's earned it!
Haha Tesla Stock are a joke now 😂
Worth paying the payment for his productivity and efforts
1) He did meet the target where nobody believe is possible
2) He is a man of vision (history has shown us that this type of people are usually being targeted as people don't want them to succeed but they will leave behind a history to be remember by our future generation)
so he should be paid and encourage to break the limit of mankind
It's clear that his news channel is always bias in a lot of times.
Unjust, an agreement should be agreement. Here onwards the share holders should be careful instead
He created and founded his American dream company. Why shouldn’t he be compensated the way he likes if the majority of shareholders agree? We’re about democracy after all. If anyone doesn’t like that, they should create their own company and call the shots, the way they like
tesla isn't created by musk he just bought it. and laying off workers and getting paid twice wow
As of my understanding it does.
He had given his whole life to it.
In simple terms it is like more risk more profit.
If the company disappear suddenly the workers will find the new job but its elon who will be most affected
They better hold off on that pay deal, looks like a lot of people are very upset to say the least on the cyber truck he dumped on the market before it was ready..
When the compensation was announced, it was next to impossible, then everybody agreed because they knew that it cannot be reached, but he proved them wrong. He converted a bankrupt company to a 1 trillion company. And he didn’t take salary till date. Better pay up.
What about your channel's salary structure
A few corrections are required. His stock options were set when all of the big players in the market, were saying that the company was a ridiculous pipe dream. It should also be noted that 80 percent of the shareholders voted in favor of his options and incentives package.
It should also be noted that Elon himself said that Tesla share value was too high. And the SEC came down on him like a ton of bricks, for stating the truth. Eviserating freedom of speach.
Tesla was taken to court by a vulture legal firm, representing one head banging rocker who purchased 9 shares. The firm works on a percentage of what they win. Their legal fees in this case are 6 billion dollars.
The Judge should have recused herself, since she had a personal connection with the legal firm. And may receive a portion of the payout under the table.
Why don’t you guys show the highest tax payment in history that he made $11 billion dollars
It is unfair to compare the CEO of a company with the workers. Can we compare the skills?
Skill does matter!
The ordinary worker may not even know the list of skills required to be an CEO of a big corporates. Acquiring those listed skills are for another day of topic.
These comments pertain to logic rather than Elon Musk. If someone received a bonus in the form of shares five years ago, and those shares have increased in value at an astonishing rate over the past five years to the point where they are now ten times more valuable, it raises several moral questions to consider that the recipient is not eligible for the bonus based on the initial valuation from five years ago. Taking back the shares that have increased ninefold and returning only the amount equivalent to their original value poses many ethical dilemmas. For example, suppose someone received Bitcoin as a bonus 20 years ago, and its value has now increased 100,000 times. Should we then take all the Bitcoin and allow the person to keep only what was worth the original value 20 years ago? Both the share and Bitcoin examples involve risk, as the values of these assets could also have decreased. Therefore, the bonus recipients took a risk, and fortunately, it resulted in a positive outcome
It's reminds my tweet long back. Elon and pichai: "when company does well, it's us. If company does bad, we have more head count."
bruh, you said they didn’t realised those targets were so easy 😂 I insist everyone to go and look at those 12 goals and where the company was at 2018. You would understand that no other human being on earth could’ve achieved those goals apart from him
Comparing junior engineers or workers with elon musk is very interesting. Its about demand and supply. Elon is the only one.
She didnt make any conclusions, she only exposed whats going on with Tesla.
Can you please make a video of how much a MP or MLA earns vis-a-vis a Normal Voter who is voting to get them to that place. Also please don't forget the perks that come with those positions. And the perks enjoyed by a common man.
Thank you.
Definitely if Elon was taking responsibility of companies performance then he should get paid what was promised.
This news report is nonsense. Why not compare the value of tesla when the deal was done to when the deal came to frustration. Or even what is it worth now? I'm a tesla shareholder, and I think we got a fantastic deal.
What's this woman compensation compared to a farm worker in India?
You are wrong about BYD. It is not the largest EV manufacturer yet, it is largest by all cars only. Tesla still leads, EV-wise. Get facts right, that's the only thing expected of you, unlike others.
Talking about U.S and business is okk but when someone say about Adani Ambani then it became India insult... Why not consider thise as well as business point....
She didnt say he should not be paid. she only said she would like to hear from us 😂
I think i read somewhere that the man doesn't own a house , lives in his research facility and about his sole dedication to his company, what then will he do with 56 billion dollars.
That 56 billion is not cash but in the form of Tesla shares. He needs that to have certain control over the board to make huge changes and run the company like a startup and drive innovation in it.
He will buy Facebook! 😅
@@praneethroymylapalli131 i think he has enough shares of his own company and running it like a startup won't make the shareholders any money and hopefully they are aware of that .
It's really about control of his company. He is worried about the direction of the company, especially the AI. He has zero interest in cash.
It makes sense to make his package as high as possible. Atleast he will end up paying tax for his salary.. which is good for the economy atleast..
He delivered more than he promised. He must be paid.
Shareholders approved it. Period. How can a judge over rule something that has been passed by majority and has been proved to be beneficial to the shareholders to say it otherwise?
what a biased point of view. no news channel is trust worthy. Why is she comparing tesla stock price performance to last year? she should compare it from 2018 when the pay package was made. And if in 1 quarter BYD sales exceed Tesla, why does it matter? no one will say that Tesla makes more profit on each car than BYD. So much hatred towards Tesla and Elon for no reason. Damn
Ya Elon does nothing to earn public scorn. Lol his fans are a cult divorced from reality.
She didnt say he should not be paid. she only said she would like to hear from us 😂
Agreed. Well said.
The smartest and beautiful new reporter ever ❤
What was the stock price when the deal was made and compared to what it is today.
Congratulations musk my man
You truly deserve it
Very true issue for debate n perfect food for thought for all MNC company normal.Middle Class Famiky oriented Employees compensation packages V/s Highly paid, Fully Fasciliated senior Level Executives Responsibility to Leave organisation by simple Bye Bye as So Called Professionals during any company Crises..
What the problem, Musk made a deal with Tesla board, and now they need to pay him. The moment E. Musk would sell all Tesla shares the company will be over...
He started the damn company!
No he didnt.
@@ackeemclarke then who did? Are you nuts or just ignorant?
He Should be paid. Noone talking about the risk he has taken. Risk and rewards go hand in hand...
Were the shareholders blind or uneducated or some cases had not enough lawyers with them? They must have knew what they were signing into and also they didn't believe this day may come in the future. Elon Must is someone who revolutionized the EV industry where people laughed hearing EVs. He is worth it and you have to honor what you agreed to. Apple had that experience when Jobs was kicked out.
This kind of content never done by any news channel in india. Great job first post team and palki. Give some advice even News18 hindi news channel
Did she say the targets were easy? A large part of the compensation was market cap. Tesla would have to be worth 10x the value of when the compensation was originally proposed. Everyone outside of us shareholders who voted yes understood that it was a difficult goal but would return a lot of value to shareholders.
I love her as a speaking head. Excellent cadence and elocution.
Wiyh high responsibilities come high rewards, but the issue of layoffs 10% vs pay package deal is out of chronological order
Well deserved.
That's a plain corruption. Some CEOs steal ideas from other people, even from his own employees. To claim all merits for any progresses made by their companies is just narcissistic.
Just follow the rules. Every one should pay the tax. Elon musk should be paid 23.01 billion (38 billion - Income tax 30%) as the current stock value is down 35%
Tesla shares value has increased by aprox 4000% since being listed on the exchange. He should be running the world.
It's does make sense ......he is the owner ..inventer ...he puts 18 hours a day the company
A deal is a deal, & this pay package was agreed & decided by shareholders long back with majority of votes, and he deserves it, and don't compare ELON with rest of the world CEOS. He is the FACE of the company and his contribution to this world will change the future of humanity. Please check the FSD videos on you tube and see how ground breaking solution it is. He creates his own trail and everyone follows it.
Palki ji, this is easy one 😊. Having effective CEO is very important. We can look at Microsoft performance Vs Google performance. Both companies have amazing engineers so no problem there, but what Microsoft CEO vision is way better than Google CEO. So Elan Musk is Tesla and if he needs extra push to share his vision then so be it.
So Palki do you accept your salary as same as your basic employee in first post? If Elon wasn’t there. There would be no Tesla today. Hope you do some good journalism here.
What kind of nonsense reporting is this? Sounds like she has a vendetta.
Put simply, the deal has to be honored.
But for those who don't know why, here's the breakdown:
State of Tesla when agreement was made:
Tesla Market Cap: 59 billion
Musk Salary: 0, gets nothing if Tesla doesn't reach 100 billion
- “Production hell”, building cars in a tent in its car park, while making some models without seats or computer modules because of supply chain fumbles
- Previous production milestones missed
- Just 12 billion in sales
- Barely 400 million in profits
- Overtaking GM in revenues and Microsoft in valuation seemed unattainable
- No one took Tesla seriously, with Bill Gates among others shorting Tesla stock
Pay Package Agreement Targets:
16 separate financial targets spread across...
- Revenue: 175 billion
- Adjusted earnings: 14 billion
- Market cap: 650 billion
Now pause for a moment and think how difficult, maybe even impossible it might be to take a struggling business from 59 billion to 650 billion. If Tesla failed, Elon Musk's efforts, pain, time and stock would be worth nothing.
Reward for Musk if he meets targets:
- Roughly 10% STOCK in Tesla
- IF he hit 12 of the 16, he would be able to vest shares worth upwards of 50 billion
- ie. If he worked so insanely hard to achieve almost unattainable goals he would increase the value of Tesla for all shareholders that were willing to take a risk and bet on him, for which he would get 10% stock. 10% stock that would not be worth as much had he not been part of the equation.
What Tesla achieved since the agreement under Musk's leadership:
- Increased output
- Sales soared
- Shares rose past those in Toyota, topping $US1 trillion in overall market value
- Model Y became the best-selling car in 2023
- He did it, and no one else in the world could have done it
Now look at the hypocrisy:
- The plaintiffs making the complaint have increased their net worth significantly because of Musk
- The plaintiffs' Attorneys want to be paid in Tesla stock 🙄
Why the agreement should be honored:
1. It's the law
2. It's right
3. Musk exceeded his targets
4. Musk is cash poor and uses funds to invest in projects that move humanity forward, so let him.
She didnt say he should not be paid. she only said she would like to hear from us 😂
I pretty much said this, but you said it a lot better!
No
Tesla stock is down so we need to minus 35%
Just follow the rules. Elon musk should be paid 23.01 billion (38 billion - Income tax 30%) as the current stock value is down 35%
@@gjw2wj469this is shortsightedness. You think more money in the hands of Elon is good or bad for Tesla? Does he seem like the kind of person that would willingly hurt Tesla, or the type of person who would use money to make things better?
What's with this lady's beef with Elon. She's not AOC 😂
Thank you for pointing out exhorbant pay package of Elon Musk. CEOs of S&P companies still earn $15 million which is a lot by itself also It also means the Tesla stock price is worth even less than it's current price.
but she is still the same communist. You have to understand India is a socialist country for long and we share a border with China.
She didnt say he should not be paid. she only said she would like to hear from us 😂
No
Tesla stock is down so we need to minus 35%
If this was challenged before the targets were hit and they won it would make sense. Now that the targets have been hit then the agreement should be honoured. If you give me a job and we negotiate a salary I will work as hard as I can for the agreed amount. You cannot try to renegotiate after I have delivered. My efforts and committment to delivering is directly proportional to what I will get out of it. Pay Mr. Musk what is due to him.
first non sensical story, have you seen what he did from when he took over ? Just showing 1 year return is illogical
TESLA cars can monitor your every movement and can be stalled while driving? So is BYD much safer when privacy matters
He could rebuild Texas with that
Why is this so hard to understand? We shareholders voted for it, he delivered, Tesla owes him.
No one seems to be able to answer if FSD cars will be entitled to the autonomous upgrade when it becomes available. Or will it be a separate purchase????
Absolutely he is
The pay package was voted and approved by shareholders. Any arbitrary opinion like fairness, motivation, or "star struck factor" don't matter.
$56BLN is 1/5 of Tesla market cap!😂
Tesla market cap is 450 billion, so it's 1/8th not 1/5th
You're wrong, it's mere 0.1% of mcap
@@vinaykumarjain7687🤨🤨
@@vinaykumarjain7687🗿
@@vinaykumarjain7687 I appreciate your math knowledge! LOL
It makes proper sense
His company, his wish. Share holders wouldn't have a dime if not for Elon. Who are they to complain.
Is the person who cleans your office everyday paid proportional to your earnings madam?
Elon is worth much more 🎉🎉
No car is near to past model of Tesla yet
A man is only as good as his word...pay up
fter two and a half years from an all-time high, I now believe that it's fair to say that Musk has failed his investors; furthermore, he has proven himself incapable of restoring and recovering Tesla's valuation. While I agree that Tesla has had its challenges, but Musk himself has been part of the problem. That said, Tesla should not agree on a compensation package until Tesla's stock reaches $300 dollars a share. That is the incentive he needs; otherwise, he gets paid billions and never really has to perform to the level required to drive Tesla's stock back up to $300 dollars a share.
Greed is the opposite of humility and leadership as a service.
Basically he is encashing his stakes foreseeing deepening share price
So when you're done woffeling bla bla bla, He started the company and he gave jobs to more staff than many other companies in the world.
So,
Yes,
He can have more than $56b
He did not start the company, he bought the company
Palki seems have some bias against Elon. Tesla was on the bankruptcy which is why they okayed that deal. Now reneging on that deal is bad faith.
So long as pays 1/3 of it in deductions and income tax like any other worker would be required to
He should be paid. It's not easy to run such company and also meet some targets that was set. Anything he does, the way he lives his life affects the company. So if the company is not dead in his hands, then he should be paid.
But he own 20 percent so already he is getting massive profit
Stock doubles means his worth doubles
@@filmwale5188 Then all other shareholders shld come and put their heads together and work. Let them bring new innovations to keep the company going too. I knw, no man is an island of knowledge or a Mr know it all. But we can all agree that Uncle brother Mr Elon has tried too.
He took a dream of two, a future plan for government's & made it a reality for the world...yep he deserves it...
i love how you only tell one side of the story .!!!
Provided 100% tax is paid on CEOs compensation...
Palki this 56b dollars for Musk could this be taken as a Golden handshake. Will Musk take an exit as CEO with Tesla underperforming with high inventories and declining Sales affecting Tesla bottom Line.
it makes complete sense.... elon never started the company, he bought part of it to become the ceo now it's tanking, he's taking his money back duh
If there was no Elon Musk there would be no Tesla .
You have it backwards.
Tesla existed before Elon Musk, he just came in and brought 11% of Tesla with his dad’s blood emerald mine money from Africa to become Tesla CEO, because he is the biggest shareholder at the time.
If there's no workers .. there's no Tesla .. also he bought Tesla from others 😂
Tesla is what Elon is.
Are BYD selling more than Tesla? Or just manufacturing more !
It has to be true communist Chinese companies never tell fibs.
Performance is Performance
Makes sense to me
He deserves it. He earned it!
There are over 100 EV car companies in China. Tesla is probably ranked somewhere at 65. Elon Musk has literally given up on Tesla because innovation and vertical integration production has killed his company off on price and quality. China is just way ahead. I would short this share now.
Doesnt get salary but dividend becoz of the shares rights ? And in many countries normal salary taxes are very high rather dividend tax rate are low
I will now no longer listen to you because of this hatched journalism.
She didnt say he should not be paid. she only said she would like to hear from us 😂
Unlike so many other corporate executives who run their companies into the ground, then abandon ship with a lavish golden parachute that REWARDS them for failure, Elon Musk's pay package gave him absolutely nothing unless he DELIVERED on insane performance targets. This was one of the most shareholder-friendly, shareholder-aligned pay packages in corporate history. And he delivered on ALL of those targets. The shareholders benefited hugely. The company benefited hugely. Every other corporate executive alive would have turned down the deal that Musk accepted, because there were no guarantees, no safety net, no nothing. Elon Musk has earned every dollar of his compensation. Pay the man. This is one of the dumbest "controversies" in a very long time.
Why Musk Fanboiz CRYING in Comment Section?? You Should know the Other Side of the Thing Too.... be Habitual to Healthy Criticism 😅
One should oblige to contract and Elon should be paid.