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Tesla unveils pay plan for Elon Musk: He could get nothing for 10 years (Up to $55 Billion)
Los Angeles Times ^ | JAN 23, 2018 | RUSS MITCHELL and JIM PUZZANGHERA

Posted on 01/23/2018 1:26:15 PM PST by nickcarraway

Tesla Inc. released a new compensation plan for Chief Executive Elon Musk on Tuesday, with payments dependent on massive increases in the electric carmaker's stock market value.

The announcement comes as Tesla prepares to report 2017 financial results that are expected to include massive cash losses.

Tesla Inc. released a new compensation plan for Chief Executive Elon Musk on Tuesday, with payments dependent on massive increases in the electric carmaker's stock market value.

The announcement comes as Tesla prepares to report 2017 financial results that are expected to include massive cash losses.

(Excerpt) Read more at latimes.com ...


TOPICS: Business/Economy; Computers/Internet; Travel
KEYWORDS: elonmusk; tech; tesla
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1 posted on 01/23/2018 1:26:15 PM PST by nickcarraway
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To: nickcarraway

News today a self driving Tesla drives into the back of a vehicle.


2 posted on 01/23/2018 1:28:31 PM PST by Vaquero (Don't pick a fight with an old guy. If he is too old to fight, he'll just kill you.)
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To: nickcarraway
Tesla has reported delivering only 1,770 Model 3s in 2017. Musk isn't the first automobile entrepreneur to struggle with production. In 1903, when Henry Ford launched the Model A, only 1,708 were sold in the first year.

False analogy. Henry Ford did not predict he would sell 100,000 Model A cars in 1903.

3 posted on 01/23/2018 1:30:54 PM PST by WayneS (An appeaser is one who feeds a crocodile, hoping it will eat him last. - Winston Churchill)
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To: Vaquero

I hope it wasn’t a motorcycle.


4 posted on 01/23/2018 1:31:27 PM PST by WayneS (An appeaser is one who feeds a crocodile, hoping it will eat him last. - Winston Churchill)
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To: nickcarraway

If this gets much worse, rich Hollywood liberals aren’t going to want taxpayer-funded Teslas sitting in their driveways, demonstrating how global warmist they are.


5 posted on 01/23/2018 1:31:33 PM PST by Cicero (Marcus Tullius)
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To: nickcarraway

He’s got a great racket.


6 posted on 01/23/2018 1:32:31 PM PST by Ted Grant
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To: nickcarraway

Considering Tesla’s money woes Elon’s failure, this sound like the equivalent of You’re Fired.


7 posted on 01/23/2018 1:35:10 PM PST by ImJustAnotherOkie
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To: nickcarraway
In its news release Tuesday, the company did not mention vehicle production as part of the new pay plan.

So, basically, he will be motivated to drive up the "value" of the company's stock, not to actually cause the company to sell a worthwhile product.

Stock manipulation is not capitalism.

8 posted on 01/23/2018 1:35:18 PM PST by WayneS (An appeaser is one who feeds a crocodile, hoping it will eat him last. - Winston Churchill)
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To: nickcarraway
This is an image from the recent wimmins march thing...the guy? beating the tambourine looks sorta like Elon Musk...lol

Liberalism IS a mental disease!


9 posted on 01/23/2018 1:35:30 PM PST by Bobalu (12 diet Cokes and a fried chicken...)
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To: Bobalu

Is that your tagline - or what the lady in red is yelling?


10 posted on 01/23/2018 1:38:42 PM PST by 21twelve (http://www.freerepublic.com/focus/f-news/2185147/posts)
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To: 21twelve

Both


11 posted on 01/23/2018 1:42:56 PM PST by Bobalu (12 diet Cokes and a fried chicken...)
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To: nickcarraway

Did they mention when taxpayers will receive reimbursements for all the taxpayers’ money and tax-forgiveness he was given? Just askin’...


12 posted on 01/23/2018 1:54:43 PM PST by hal ogen (First Amendment or Reeducation Camp?)
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To: Ted Grant

Ken Lay is jealous


13 posted on 01/23/2018 1:58:19 PM PST by hadaclueonce ( This time I am Deplorable)
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To: Vaquero; WayneS

More info:

A Tesla driver with a blood alcohol level nearly double the legal limit claimed his electric vehicle was in self-driving mode when it slammed into the back of a parked firetruck in California.

The car was driving, the man told the highway patrol Monday morning. The driver explained that his Tesla electric vehicle “had been set on autopilot,” allowing him to sit in a drunken stupor while the car transported him to his destination.

The excuse didn’t work. He was ultimately arrested under suspicion of driving under the influence, according to the California Highway Patrol. Local officials did not identify the man, but they say it is never permitted to be drunk behind the wheel.


14 posted on 01/23/2018 2:44:07 PM PST by Moonman62 (Make America Great Again!)
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To: WayneS

So, basically, he will be motivated to drive up the “value” of the company’s stock, not to actually cause the company to sell a worthwhile product.

Stock manipulation is not capitalism.

...

Try again. Once he’s vested, he can’t sell the stock for five years.


15 posted on 01/23/2018 2:45:50 PM PST by Moonman62 (Make America Great Again!)
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To: Bobalu

Stupid post.


16 posted on 01/23/2018 2:46:14 PM PST by Moonman62 (Make America Great Again!)
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To: Ted Grant

He’s got a great racket.

...

I think you mean he’s got a great rocket.


17 posted on 01/23/2018 2:47:46 PM PST by Moonman62 (Make America Great Again!)
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To: nickcarraway

John DeLorean without the drugs.
Or the cool looking car.


18 posted on 01/23/2018 2:47:52 PM PST by Joe 6-pack (Qui me amat, amat et canem meum.)
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To: Moonman62

So? He still has a greater motivation to manipulate the stock price than he does to actually produce cars.


19 posted on 01/23/2018 2:58:59 PM PST by WayneS (An appeaser is one who feeds a crocodile, hoping it will eat him last. - Winston Churchill)
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To: Moonman62

“... but they say it is never permitted to be drunk behind the wheel.”

I was reading where some autonomous car design that is going to be built (is being built?) has no wheel or control pedals. “But occiferrr - there is no wheel!” (Seriously though - it would be like getting on a bus - without the risk of a public intoxication arrest.)


20 posted on 01/23/2018 3:08:40 PM PST by 21twelve (http://www.freerepublic.com/focus/f-news/2185147/posts)
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