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No salary for Elon Musk but a $7bn payout if Tesla reaches $650bn valuation
- loceng 9y agoI like that milestone, roughly 10x of current market cap. I believe Elon will succeed in lining everything up optimally for Tesla to succeed and outcompete others (even if they all copy his ecosystem design/plans - he's still ahead with mindshare and strategy and arguably execution). I look forward to having a Tesla or two that I share with friends and family, a house with Tesla solar roof tiles, Tesla Powerwalls, etc.
- earenndil 9y agoI also like the milestone, but I don't think it's achievable. As the article mentions, it's on a similar order of magnitude to google and apple.
- loceng 9y agoElon and Tesla have been laying the foundation for exponential growth I believe they can achieve; along with SpaceX that will lead the way for mining asteroids etc will further be a profit layer others won't have that he can leverage in the future to his heart's content. Tie SpaceX's global satellite network and connectivity with vehicles ... there's a lot of synergy to what he's doing, a buzzword that should be used to describe the ecosystem Elon's creating. Edit: Not to mention some other boring plans he has that will disrupt transportation even more than electric vehicles and reusable rockets will..
- inetsee 9y agoThe headline is incorrect. The Telegraph article says that Elon Musk's potential payout is $70 billion, not $7 billion. The New York Times article (https://www.nytimes.com/2018/01/23/business/dealbook/tesla-elon-musk-pay.html https://www.nytimes.com/2018/01/23/business/dealbook/tesla-e...) lists the potential payout at $55 billion. Either way it's a lot of money, but if he can succeed, he will certainly have earned it.