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> Musk is the world's richest person now, but he can't even help fund his employees' retirement Tesla provides all its employees with stock options[0] and has

• Qwertious 6y ago
  >Why on earth would I want a 401k when I can own Tesla stock at a discount? Because investments should be stable and at least partially reliable as a backup plan - if Tesla goes bankrupt and ceases to exist then not only do you lose all your Tesla stocks, but you're also out of a job at the same time.
  • noch 6y ago
    > Because investments should be stable and at least partially reliable as a backup plan - if Tesla goes bankrupt and ceases to exist then not only do you lose all your Tesla stocks, but you're also out of a job at the same time. Presumably, a company with Tesla's market cap does not go bankrupt overnight. Even Google, which is no longer the place where the best and brightest want to work, is nowhere near financial decline. Employees, being insiders have plenty of time to prepare for a large company's collapse. (Black Swan events notwithstanding.) As for investments: I'd much rather trust myself than trust a money manager who's been outperformed by my boss for over a decade.
    • EForEndeavour 6y ago
      > Google, which is no longer the place where the best and brightest want to work Where would I go to verify this claim? It feels vaguely believable to me, but that feeling is likely from reading similar unsourced claims in forums like this one.
      • noch 6y ago
        > Where would I go to verify this claim? Talk to the smartest and most accomplished engineers you can find in San Francisco and comparable locations. Ask them where they want to work. Talk to headhunters. Talking to the most capable and ambitious people is how you find out which way the winds are blowing.
    • Grustaf 6y ago
      Bankruptcy is only indirectly related to market capitalisation. Just look at Gamestop.
  • chii 6y ago
    > Because investments should be stable no that's not always the case - it's up to the individual to think for themselves what they want their investments to be. Tesla shares held by employees may want to keep it for the potential future growth. If they dont, they are allowed to sell. forcing all employees to choose a "stable" investment option is just patronizing - let them choose for themselves.
• StillBored 6y ago
  How old are you? Tesla's PE as of right now is 1,324. Which, unless they take over the entire automotive market puts them heavily into the "overvalued" category. Its hard to imagine that tesla will still have the same valuation in the 10, 20, 30 years it might take a line worker who doesn't have tens of thousands of shares/options. Also, most people I know in the "tech" environment now expect RSU's instead of options, because a huge percentage of the people i've talked to have stories about their options which expired underwater after a decade. Putting all your eggs in a single basket is just a recipe to be like the huge percentage of enron/etc workers who overnight went from employed with a solid stock/401k/etc retirement to standing in food lines as they both lost their job as well as their retirement.
• throw0101a 6y ago
  > and has had one of the best performing stock prices in the market. Lately. For now. Investing in a company on its way to being in the Top 10 may give decent returns, but once a stock is in the Top 10 it tends to trail market returns by 1.5% per year: * https://www.pwlcapital.com/are-the-largest-large-cap-growth-stocks-where-its-at/ https://www.pwlcapital.com/are-the-largest-large-cap-growth-... The Shiller CAPE tends to predict future returns pretty well: * https://www.advisorperspectives.com/articles/2020/07/20/the-remarkable-accuracy-of-cape-as-a-predictor-of-returns-1 https://www.advisorperspectives.com/articles/2020/07/20/the-... What's Tesla's CAPE?