2 ms·
> but Tesla’s market cap has gone up by $487 billion (almost 10x) since he was awarded that comp package in 2018 The speculation on Tesla's stock raised the "m
by troupo 2y ago
> but Tesla’s market cap has gone up by $487 billion (almost 10x) since he was awarded that comp package in 2018
The speculation on Tesla's stock raised the "market cap". Any stock that Tesla doesn't own brings Tesla exactly 0 dollars, no matter how hight the illusionary market cap there is.
How much of the stock does Tesla actually own? How much of the stock that Tesla owns can the company safely sell to offset the $45 billion of actual money that they had to cough up for Elon?
- tedunangst 2y agoThey're not writing Elon a check for $45 billion.
- troupo 2y agoYeah, if it was just stock, then its value fluctuates wildly
- acchow 2y agoThey don't have to cough up any money. The 2018 compensation package they agreed upon is in stock options with vesting in 12 tranches, tied to stock price performance https://ir.tesla.com/press-release/tesla-announces-new-long-term-performance-award-elon-musk https://ir.tesla.com/press-release/tesla-announces-new-long-...
- rayiner 2y agoThe stock price increase directly benefits Tesla shareholders. It also reflects revenue growing by 5x since 2018 and the company becoming profitable since 2020.