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by FreakLegion 791 days ago
Musk's performance award included 12 tranches of stock options that were unlocked at $50b intervals from $100b to $650b of market cap, with a few other requirements. At Tesla's current price, 8 of the 12 tranches would still be unlocked.
2 comments

Which occurred primarily before he took over Twitter and ran it into the ground while at the same time tanking the goodwill people had for Tesla.

It really seems unlikely one human can split themselves between so many projects and keep all of them successful unless they dis-engage from a few and let those they hired run the show (mostly how he's behaved with SpaceX). If the person is like this they likely don't deserve the sort of compensation talked about in this article.

> he took over Twitter and ran it into the ground

https://companiesmarketcap.com/twitter/marketcap/

> while at the same time tanking the goodwill people had for Tesla

https://companiesmarketcap.com/tesla/marketcap/

Before you reply about the obviously lower valuation over the last few years, take a look at some comparable companies: https://companiesmarketcap.com/

The economic realities of Musk's ventures does not align with what seems to be the zeitgeist opinion of him as a person.

Your first link doesn't show what you think it does, but there are quite a number of articles about Musk losing advertisers on Twitter (and even telling them to go f themselves).

Your second link on Tesla clearly indicates the downward trend, and this is also reflected in Tesla's latest sales. Gonna be a wild earnings call: https://www.cbsnews.com/news/tesla-stock-price-elon-musk-ele...

That's all fine, opinionated stuff. I too cackle at the thought of Musk walking away from this whole ordeal with nothing. My post simply corrects the factual errors in the other guy's post.
Not true. Read Matt Levine's article from 3 days ago
Entirely true, in fact. I've read what Matt Levine wrote. I've also read the actual proxy statement from Tesla, which Matt Levine cites and links! You too can read it, here for example, in the summary on page 17: https://www.sec.gov/ix?doc=/Archives/edgar/data/0001318605/0...