Ridiculous and biased article. Elon gets ZERO compensation if Tesla doesn't do stellar performance. Any tesla shareholder knows how Tesla is structured (Elon-focused) so just don't buy the stocks if you don't like Elon.
It also fails to completely mention Tesla stock's currently at an all time high.
The US has some broken incentives where if a small company fails then it hurts the shareholders but if a large company fails, it's "too big to fail" and ends up getting bailed out by the government. That's why it's worrying how Tesla is growing unsustainably. If the risk pays off then shareholders reap the benefits but if it crashes and burns then everyone takes a hit.
The automakers that got bailed out had large unionized workforces and franchised dealer networks, both of which are very politically active and neither of which Tesla has.
Elon Musk currently owns 12% of Tesla. Claiming he gets “ZERO compensation” outside of stellar performance is nonsense. If Tesla actually reached a 8T dollar valuation his net worth would increase to 1T dollars without any additional grants or investor dilution.
He currently directly shares 12% of the growth of Tesla, far more than most executive teams which are viewed to be adequately aligned with far less ownership. Claiming there is no incentive to perform is nonsensical and incoherent.
xmprt|4 months ago
ralph84|4 months ago
scrollop|4 months ago
He's a liability.
preisschild|4 months ago
So Tesla is not a car manufacturer, but a cult of personality?
neogodless|4 months ago
Veserv|4 months ago
He currently directly shares 12% of the growth of Tesla, far more than most executive teams which are viewed to be adequately aligned with far less ownership. Claiming there is no incentive to perform is nonsensical and incoherent.
f33d5173|4 months ago
orionsbelt|4 months ago