Musk's pay package centers on a series of goalposts around the carmaker's financial growth which was set in place in 2018. Specifically, the plan involves a 10-year grant of 12 tranches of stock options, which are vested when Tesla hits certain targets. When each milestone is passed, Musk gets stock equal to 1% of outstanding shares at the time of the grant. The company has since surpassed the metrics.
"Because Musk achieved all Market Cap milestones in 2021, he no longer had any incentive under the compensation plan to maximize shareholder value," Lagetko tweeted."He had every incentive to see the stock lower or to pursue personal aspirations knowing he had a massive slug of fresh options coming which he could exercise when the shares are trading as low as possible."
Musk, Koguan, and Lagetko did not respond to a request for comment from Insider ahead of publication. On Friday morning, Tesla stock was trading around $105 per share, its lowest since August 12, 2020, amid slowing demand from China.
He has ‘priors’ I think but is it calculated or incompetence? I don’t know enough to judge.
fascinatorfun Or maybe it’s because they are ugly cars?
Maybe Tesla's stock became way too high. Was it really a realistic price? Can stock prices really keep going up forever! Tesla has a lot more competition now. Besides we don't have the electrical infrastructure yet to handle a lot more EVs.
Elon! He so reminds me of a Dracula 🧛♂️ in this photograph. It almost looks like a pose. I watched plenty of those from the original Dracula! Being a sci-fi fan.
really?
Are You?!
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Elon Musk, a father of 10 and IVF user, cut Twitter fertility benefitsElon Musk, who has used fertility treatments to conceive most of his 10 children, just cut a major fertility benefit for Twitter employees His company his rules , if you decide to have one , pay for yourself, very sure bloomberg didn't pay for his , he payed himself And if he requires that all his employees work 20 hours a day too? Incels with money are still incels.
Source: BusinessInsider - 🏆 729. / 51 Read more »