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If you're on this site, surely you know the difference between a stock option and a stock grant? Elon's pay package was options, and was only evaluated at ~$2bn
by adastra22 2y ago
If you're on this site, surely you know the difference between a stock option and a stock grant? Elon's pay package was options, and was only evaluated at ~$2bn over many years in 2018, and even then assuming significant growth. At the time of grant, the options were worth $0.
The only reason the pay package is so astronomical now is because the Tesla stock has risen astronomically in value. Which benefits the shareholders, no? This dilution in shareholder value is already factored into the rising price.
- 9283409232 2y agoGoing by this comment, it appears there was some sloppiness on Tesla's side of things and the judge is being a bit of a hard ass here. https://news.ycombinator.com/item?id=42901804 https://news.ycombinator.com/item?id=42901804