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Tesla Offers Unprecedented $1T Pay Package to Elon Musk

34 points by eig 1y ago

eig 1y ago
https://archive.ph/Oq9uN https://archive.ph/Oq9uN
gigatexal 1y ago
screams of desperation
einrealist 1y ago
Just absurd.
eig 1y ago
Worth noting that Elon only gets the $1T if he can deliver >1M Robotaxis, >1M "AI bots", and bring Tesla's market cap to $8.5T. Looks like they are really doubling down on the 2018 compensation package and the idea that Elon's attention is worth more than anything. More details on the milestones can be found in the SEC statement: https://www.sec.gov/Archives/edgar/data/1318605/000110465925087598/tm252289-4_pre14a.htm https://www.sec.gov/Archives/edgar/data/1318605/000110465925...
- sidibe 1y ago
  Good that it's not just market cap I suspect he'd find some way to get there. I also dont doubt if it just came down to it they could claim 1m robotaxis with some words nothing ("Supervised" or "Robotaxi capabilities") whatever state it actually is in, the robots will be trickier.
- voisin 1y ago
  Those targets don’t seem like they would generate in excess of $1 trillion in profits. Not entirely sure they would generate that much in revenues, so why wouldn’t Elon just buy that many robotaxis and AI bots himself as a profitable strategy to unlock his comp package?
  - sidibe 1y ago
    Cumulative profits have come nowhere near his last pay package yet either that's not what they care about they want the market cap to go up
- stockresearcher 1y ago
  According to the chart in the linked document, Elon’s 2012 compensation plan captured 8% of the increased shareholder value. His 2018 plan captured 8.9% of the increased shareholder value, and this 2025 plan captures 13.3% of the increased shareholder value. I guess it is getting harder and harder to get him to focus. Also, I don’t see anywhere in this incentive package where Tesla has to continue manufacturing EVs, or any vehicles at all. A joint venture with someone that provides the vehicle, ICE or EV, while Tesla adds the AI self driving tech, slaps their logo on the hood, and puts it into service via their own channels will count toward these incentives.
- fuzzfactor 1y ago
  Anything to keep him from starting a viable third party of any kind.
deleted 1y ago
[deleted]
more_corn 1y ago
Maybe he can throw up some more sig heils and tank their sales another 50%.
- burnt-resistor 1y ago
  I was going to say he'll get DOGE to make every War Department, Department of Information Retrieval, and the Department of Not Health buy 20k unnecessary EVs ever month but then I remembered he's not on good terms with Dear Leader. Maybe he'll expand into healthcare, insurance, credit, and/or real-estate to concoct numbers to appease the market gods.

34 points by eig 1y ago

eig 1y ago

https://archive.ph/Oq9uN https://archive.ph/Oq9uN

gigatexal 1y ago

screams of desperation

einrealist 1y ago

Just absurd.

eig 1y ago

Worth noting that Elon only gets the $1T if he can deliver >1M Robotaxis, >1M "AI bots", and bring Tesla's market cap to $8.5T. Looks like they are really doubling down on the 2018 compensation package and the idea that Elon's attention is worth more than anything. More details on the milestones can be found in the SEC statement: https://www.sec.gov/Archives/edgar/data/1318605/000110465925087598/tm252289-4_pre14a.htm https://www.sec.gov/Archives/edgar/data/1318605/000110465925...

sidibe 1y ago
Good that it's not just market cap I suspect he'd find some way to get there. I also dont doubt if it just came down to it they could claim 1m robotaxis with some words nothing ("Supervised" or "Robotaxi capabilities") whatever state it actually is in, the robots will be trickier.
voisin 1y ago
Those targets don’t seem like they would generate in excess of $1 trillion in profits. Not entirely sure they would generate that much in revenues, so why wouldn’t Elon just buy that many robotaxis and AI bots himself as a profitable strategy to unlock his comp package?
- sidibe 1y ago
  Cumulative profits have come nowhere near his last pay package yet either that's not what they care about they want the market cap to go up
stockresearcher 1y ago
According to the chart in the linked document, Elon’s 2012 compensation plan captured 8% of the increased shareholder value. His 2018 plan captured 8.9% of the increased shareholder value, and this 2025 plan captures 13.3% of the increased shareholder value. I guess it is getting harder and harder to get him to focus. Also, I don’t see anywhere in this incentive package where Tesla has to continue manufacturing EVs, or any vehicles at all. A joint venture with someone that provides the vehicle, ICE or EV, while Tesla adds the AI self driving tech, slaps their logo on the hood, and puts it into service via their own channels will count toward these incentives.
fuzzfactor 1y ago
Anything to keep him from starting a viable third party of any kind.

deleted 1y ago

[deleted]

more_corn 1y ago

Maybe he can throw up some more sig heils and tank their sales another 50%.

burnt-resistor 1y ago
I was going to say he'll get DOGE to make every War Department, Department of Information Retrieval, and the Department of Not Health buy 20k unnecessary EVs ever month but then I remembered he's not on good terms with Dear Leader. Maybe he'll expand into healthcare, insurance, credit, and/or real-estate to concoct numbers to appease the market gods.