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Musk makes big bets. 1000x bets, as GGP said. You can't expect all of them to work out. If you ask for a CEO who would keep the company on a steady course, you
by leereeves 3y ago
Musk makes big bets. 1000x bets, as GGP said. You can't expect all of them to work out.
If you ask for a CEO who would keep the company on a steady course, you'll get a CEO who doesn't make those bets.
Actually it might be time now for Tesla to switch to that CEO. It's hard to imagine another 1000x bet paying off for Tesla from its current value.
But that wasn't the case in 2018 when this pay package was decided, when Tesla was valued at only $50B (and that value was already factoring in high growth expectations).
- browningstreet 3y agoThe products were already designed and in the release pipeline at the time. He's done very little since. In fact, all his bad actions started around then. Elon is longer the person who set Tesla on the 3/Y path. And Tesla couldn't possibly have delivered less innovation (vs operations) since the 3/Y. Personally, when I see how hard most of the other manufacturers have struggled to meet product/EV outcomes Tesla set 5+ years ago.. I think of the lost potential of Tesla considering they haven't kept pace with their own standard since Elon lost the plot. Maybe the $25K car-to-come is up to par, but not if the Cybertruck is to go by.