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Tesla skips employees' yearly merit-based stock comp bonus
- nothercastle 3y agoHow is that going to reduce the likelihood of unionization? Seems like that would make it more likely
- andsoitis 3y ago- Q3 gross profit was down by 22% y/y and net income down by 44% y/y - merit-based stock comp bonus is predicated on increased company performance / thresholds https://arstechnica.com/cars/2023/10/tesla-just-posted-its-q3-financial-results-and-theyre-underwhelming/ https://arstechnica.com/cars/2023/10/tesla-just-posted-its-q...
- donalhunt 3y agoI suspect that we will see that from more companies going forward… My current employer has stopped paying bonuses in stock. I think this is related to the cost of such programs when interest rates are higher and a focus on managing the stock's value by reducing the equity given to employees. Any other reasons companies would do so?
- pylua 3y agoThe cost to repair and corresponding increase in insurance to cover repairs still makes it owning one not appealing to me. I suspect I am not the only one that feels this way. Just give me a nice used car from the mid 2010s that is easy to repair and durable.