Tesla’s second-quarter net income fell 45% compared with a year ago as the company’s global electric vehicle sales tumbled despite price cuts and low-interest financing.
Big declines in TSLA profitability this past quarter.
“The pay deal is structured to deliver several rounds of stock options that will allow Musk to buy about 304 million shares of Tesla stock. Musk is able to receive each round of options after the company hits certain milestones — such as when Tesla reached a market value of $100 billion, and then at every $50 billion mark beyond that. (Currently, Tesla’s market cap is about $580 billion.)”
1.5 billion in profit? How the hell does that justify 54 Billion in payment, how is the company profitable?
I hate Musk but it was reportedly structured around share price targets
https://www.cbsnews.com/news/elon-musk-pay-package-vote-cbs-news-explains/
“The pay deal is structured to deliver several rounds of stock options that will allow Musk to buy about 304 million shares of Tesla stock. Musk is able to receive each round of options after the company hits certain milestones — such as when Tesla reached a market value of $100 billion, and then at every $50 billion mark beyond that. (Currently, Tesla’s market cap is about $580 billion.)”