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Musk's pay package was tied to TSLA stock hitting certain price targets -- if it failed to do so, he wouldn't be paid at all. Here's what the NY Times wrote bac
by jonas21 3y ago
Musk's pay package was tied to TSLA stock hitting certain price targets -- if it failed to do so, he wouldn't be paid at all. Here's what the NY Times wrote back in 2018 [1]:
> Tesla is worth only about $59 billion today. If Mr. Musk were somehow to increase the value of Tesla to $650 billion — a figure many experts would contend is laughably impossible and would make Tesla one of the five largest companies in the United States, based on current valuations — his stock award could be worth as much as $55 billion.
Well, he managed to do the "laughably impossible" -- Tesla is worth over $900 billion today. Shareholders should be thrilled.
[1] 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...
- asdfgiasnio 3y ago[flagged]
- slashdev 3y agoWhat’s the crime? This is a really low brow drive by comment from an anonymous user.
- panick21_ 3y agoIt was based on stock value, deliveries AND profit. So it was like can you make it into a large company by valuation that is profitable?