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My problem with all this is that Tesla depends too much on one person, Musk. I shudder to think about what would happen to the stock valuation if he were someh
by atonse 1y ago
My problem with all this is that Tesla depends too much on one person, Musk.
I shudder to think about what would happen to the stock valuation if he were somehow not able to perform his duties anymore.
That’s why it just feels precarious. I don’t know any other stock that has a bus number of 1.
Maybe Berkshire Hathaway?
Apart from that, the goals/milestones are so huge that the pay package doesn’t seem too crazy.
- ghtbircshotbe 1y agoBerkshire has many talented managers and I believe is known for being fairly hands off. If anything Berkshire is undervalued compared to the industry averages for its component companies.
- TheAlchemist 1y agoBerkshire is a money making machine with or without Buffett. Its market cap is 30% lower than Tesla, while it brings ~100B / year in net income - most of which is from very stable, boring businesses. As Warren liked to say: "I try to invest in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will". That's his portfolio now - he won't promise robots or AI, but he can guarantee solid profits for 10 years to come, regardless of his presence.
- atonse 1y agoDamn I didn’t need more reasons to admire Buffett than after reading that quote hehe.