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Is Elon Musk worth his £44B Tesla pay package?
- cranberryturkey 2y agonope. nobody is worth that much compensation.
- mytailorisrich 2y agoWell if he is responsible for Tesla's market cap, which even now is crazy high for a car company, then why not?
- cs702 2y agoWhen the pay package was approved, virtually no one outside Tesla thought the company could hit the insane performance targets upon which the options were contingent. At the time Tesla was struggling to ramp up initial production of the Model 3! I remember looking at those insane performance targets back in 2018 and thinking, oh boy, the Tesla board must be on crack or something like that. The targets looked impossible to achieve, to me, back then. And yet, under Musk's leadership, Tesla somehow surpassed all those insane targets: https://x.com/Tesla/status/1800612353932722458 https://x.com/Tesla/status/1800612353932722458 What Tesla has done under Musk's leadership borders on miraculous. So I'd say YES, he deserved those options in 2018.
- heartag 2y agoBut he hit those marks by lying through his teeth about capability and timelines. And now Tesla cars aren't selling to the point the holding lots are visible from space. [1] https://qz.com/teslas-unsold-parking-lots-space-orbit-view-1851526942 https://qz.com/teslas-unsold-parking-lots-space-orbit-view-1...
- mac3n 2y agohow else can he achieve transcendence, bring about the Singularity, and defeat Mark Zuckerberg in a cage match?
- Bluescreenbuddy 2y agoNo, he's not. No CEO is.