The company’s directors are asking shareholders to again approve the multibillion-dollar compensation plan and to move the company’s registration to Texas, from Delaware.
I’m not defending Musk but I think your figures might be wrong. Are you citing revenue or profit? Revenue last year was way more than 15 billion and profit was way less
Edit: actually, GAAP income was 15 billion but that just open up a whole nerdy accounting argument about GAAP principles and how the US does things differently from others.
Also, he would make the 50 billion over a decade or so, meaning it’s about 1/3rd of profits annually, assuming they maintain profitability close to what they had last year.
Ive been an investor in the company since before they were making any profit and have been listening to their quarterly shareholder calls for a very long time.
I have more money invested in Tesla than any other stock. This is because I strongly believe in their mission statement and am very happy with the engineering. I even credit Elon with their agile engineering approach and first principals strategizing… And he became literally the richest person in the world because of it. He doesnt need 3.5 years of all company profits. He’s shown he wont do anything good with that money.
Thats multiple gigafactories he wants to pocket for himself in exchange for checks notes being a dick and scaring people away from Tesla.
Tesla is becoming associated with rich, antisemitic smartypants poser doucheladdles instead of “Transitioning Earth to a sustainable energy infrastructure” as is the mission statement and he is why.
Here was where I got the figures for my comment. They are very much in line with the dozens of earnings reports I’ve tuned in to over the years.
I think now is a good time to exit. Tesla may have been a good company at one point despite Musk, but now you’re going to be bagholding. It’s probably a good time to exit Tesla.
I’m not defending Musk but I think your figures might be wrong. Are you citing revenue or profit? Revenue last year was way more than 15 billion and profit was way less
Edit: actually, GAAP income was 15 billion but that just open up a whole nerdy accounting argument about GAAP principles and how the US does things differently from others.
Also, he would make the 50 billion over a decade or so, meaning it’s about 1/3rd of profits annually, assuming they maintain profitability close to what they had last year.
Regardless, it’s an insane compensation
Ive been an investor in the company since before they were making any profit and have been listening to their quarterly shareholder calls for a very long time.
I have more money invested in Tesla than any other stock. This is because I strongly believe in their mission statement and am very happy with the engineering. I even credit Elon with their agile engineering approach and first principals strategizing… And he became literally the richest person in the world because of it. He doesnt need 3.5 years of all company profits. He’s shown he wont do anything good with that money. Thats multiple gigafactories he wants to pocket for himself in exchange for checks notes being a dick and scaring people away from Tesla.
Tesla is becoming associated with rich, antisemitic smartypants poser doucheladdles instead of “Transitioning Earth to a sustainable energy infrastructure” as is the mission statement and he is why.
Here was where I got the figures for my comment. They are very much in line with the dozens of earnings reports I’ve tuned in to over the years.
https://www.macrotrends.net/stocks/charts/TSLA/tesla/net-income
I think now is a good time to exit. Tesla may have been a good company at one point despite Musk, but now you’re going to be bagholding. It’s probably a good time to exit Tesla.