[alephnerd]

Think about it from a talent acquisition standpoint as well - without Tesla's stock compensation, it's pay isn't that much more impressive than other companies (both EV and non-EV).

There are a lot of R&D labs now in the Bay Area touching various different parts of new mobility, and for the truly talented individuals, stock compensation is a major differentiator.

In addition, a lot of Tesla alums did leave for EV competitors or future competitors in the US, Europe, and Asia.