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Tesla and Twitter are not doing fine. He's trying to get Tesla to agree to his original compensation bonus that was rejected by the Delaware courts. But that bo

Tesla and Twitter are not doing fine. He's trying to get Tesla to agree to his original compensation bonus that was rejected by the Delaware courts. But that bonus was for bringing the valuation over $650 billion. The valuation has now dropped to under 500 billion

FreakLegion 3y ago
Musk's performance award included 12 tranches of stock options that were unlocked at $50b intervals from $100b to $650b of market cap, with a few other requirements. At Tesla's current price, 8 of the 12 tranches would still be unlocked.
- ohthatsnotright 3y ago
  Which occurred primarily before he took over Twitter and ran it into the ground while at the same time tanking the goodwill people had for Tesla. It really seems unlikely one human can split themselves between so many projects and keep all of them successful unless they dis-engage from a few and let those they hired run the show (mostly how he's behaved with SpaceX). If the person is like this they likely don't deserve the sort of compensation talked about in this article.
  - parineum 3y ago
    > he took over Twitter and ran it into the ground https://companiesmarketcap.com/twitter/marketcap/ https://companiesmarketcap.com/twitter/marketcap/ > while at the same time tanking the goodwill people had for Tesla https://companiesmarketcap.com/tesla/marketcap/ https://companiesmarketcap.com/tesla/marketcap/ Before you reply about the obviously lower valuation over the last few years, take a look at some comparable companies: https://companiesmarketcap.com/ https://companiesmarketcap.com/ The economic realities of Musk's ventures does not align with what seems to be the zeitgeist opinion of him as a person.
    - ohthatsnotright 3y ago
      Your first link doesn't show what you think it does, but there are quite a number of articles about Musk losing advertisers on Twitter (and even telling them to go f themselves). Your second link on Tesla clearly indicates the downward trend, and this is also reflected in Tesla's latest sales. Gonna be a wild earnings call: https://www.cbsnews.com/news/tesla-stock-price-elon-musk-electric-cars/ https://www.cbsnews.com/news/tesla-stock-price-elon-musk-ele...
  - FreakLegion 3y ago
    That's all fine, opinionated stuff. I too cackle at the thought of Musk walking away from this whole ordeal with nothing. My post simply corrects the factual errors in the other guy's post.
- shaklee3 3y ago
  Not true. Read Matt Levine's article from 3 days ago
  - FreakLegion 3y ago
    Entirely true, in fact. I've read what Matt Levine wrote. I've also read the actual proxy statement from Tesla, which Matt Levine cites and links! You too can read it, here for example, in the summary on page 17: https://www.sec.gov/ix?doc=/Archives/edgar/data/0001318605/000110465924048040/tm2326076d13_pre14a.htm https://www.sec.gov/ix?doc=/Archives/edgar/data/0001318605/0...

FreakLegion 3y ago

Musk's performance award included 12 tranches of stock options that were unlocked at $50b intervals from $100b to $650b of market cap, with a few other requirements. At Tesla's current price, 8 of the 12 tranches would still be unlocked.

ohthatsnotright 3y ago
Which occurred primarily before he took over Twitter and ran it into the ground while at the same time tanking the goodwill people had for Tesla. It really seems unlikely one human can split themselves between so many projects and keep all of them successful unless they dis-engage from a few and let those they hired run the show (mostly how he's behaved with SpaceX). If the person is like this they likely don't deserve the sort of compensation talked about in this article.
- parineum 3y ago
  > he took over Twitter and ran it into the ground https://companiesmarketcap.com/twitter/marketcap/ https://companiesmarketcap.com/twitter/marketcap/ > while at the same time tanking the goodwill people had for Tesla https://companiesmarketcap.com/tesla/marketcap/ https://companiesmarketcap.com/tesla/marketcap/ Before you reply about the obviously lower valuation over the last few years, take a look at some comparable companies: https://companiesmarketcap.com/ https://companiesmarketcap.com/ The economic realities of Musk's ventures does not align with what seems to be the zeitgeist opinion of him as a person.
  - ohthatsnotright 3y ago
    Your first link doesn't show what you think it does, but there are quite a number of articles about Musk losing advertisers on Twitter (and even telling them to go f themselves). Your second link on Tesla clearly indicates the downward trend, and this is also reflected in Tesla's latest sales. Gonna be a wild earnings call: https://www.cbsnews.com/news/tesla-stock-price-elon-musk-electric-cars/ https://www.cbsnews.com/news/tesla-stock-price-elon-musk-ele...
- FreakLegion 3y ago
  That's all fine, opinionated stuff. I too cackle at the thought of Musk walking away from this whole ordeal with nothing. My post simply corrects the factual errors in the other guy's post.
shaklee3 3y ago
Not true. Read Matt Levine's article from 3 days ago
- FreakLegion 3y ago
  Entirely true, in fact. I've read what Matt Levine wrote. I've also read the actual proxy statement from Tesla, which Matt Levine cites and links! You too can read it, here for example, in the summary on page 17: https://www.sec.gov/ix?doc=/Archives/edgar/data/0001318605/000110465924048040/tm2326076d13_pre14a.htm https://www.sec.gov/ix?doc=/Archives/edgar/data/0001318605/0...