Tesla reports steep drop in profits despite US rush to buy electric vehicles
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Re: Tesla reports steep drop in profits despite US rush to buy electric vehicles
#2Wow, it supports m1 and m2 Macs!
I kind of love the idea of getting back to a proper Unix environment on a reasonably current Mac.
Re: Tesla reports steep drop in profits despite US rush to buy electric vehicles
#3>The earnings report comes at a sensitive time for Tesla and Musk, as the CEO is seeking investor approval for that unprecedented $1tn pay package in a vote next month.
WTAF. I'm not sure who could think he deserves this much pay (other than himself), after tanking the brand.
Re: Tesla reports steep drop in profits despite US rush to buy electric vehicles
#4>The earnings report comes at a sensitive time for Tesla and Musk, as the CEO is seeking investor approval for that unprecedented $1tn pay package in a vote next month. WTAF. I'm not sure who could think he deserves this much pay (other than himself), after tanking the brand.
The articles are stupid. It's up to $1T IF he raises the stock price ~7x.
It's basically the board saying "uh, sure, if you earn us 8.5 trillion dollars, we'll give you a trillion of it".
It's an absurdly high bar, and the board had no real incentive to not throw it out there. Honestly every board should do this. Why not.
Re: Tesla reports steep drop in profits despite US rush to buy electric vehicles
#5>The earnings report comes at a sensitive time for Tesla and Musk, as the CEO is seeking investor approval for that unprecedented $1tn pay package in a vote next month. WTAF. I'm not sure who could think he deserves this much pay (other than himself), after tanking the brand.
It's almost entirely milestone/incentive based. Should Tesla continue on this trajectory, he won't see a dime. Tesla has to hit an $8 trillion market cap, deliver 20 million vehicles, and 1 million robotaxis, and $400 billion in adjusted earnings. Were Tesla to hit those numbers in the specified time frame, Musk's comp would be worth every penny to investors.
Re: Tesla reports steep drop in profits despite US rush to buy electric vehicles
#6>The earnings report comes at a sensitive time for Tesla and Musk, as the CEO is seeking investor approval for that unprecedented $1tn pay package in a vote next month. WTAF. I'm not sure who could think he deserves this much pay (other than himself), after tanking the brand.
The articles are stupid. It's up to $1T IF he raises the stock price ~7x. It's basically the board saying "uh, sure, if you earn us 8.5 trillion dollars, we'll give you a trillion of it". It's an absurdly high bar, and the board had no real incentive to not throw it out there. Honestly every board should do this. Why not.
From an outside perspective, it feels wrong that the goal isn't higher earnings but a higher stock price. They don't care about actually creating value, just keep inflating the bubble and you're golden.
Re: Tesla reports steep drop in profits despite US rush to buy electric vehicles
#7Earlier quoted context omitted.
The articles are stupid. It's up to $1T IF he raises the stock price ~7x. It's basically the board saying "uh, sure, if you earn us 8.5 trillion dollars, we'll give you a trillion of it". It's an absurdly high bar, and the board had no real incentive to not throw it out there. Honestly every board should do this. Why not.
From an outside perspective, it feels wrong that the goal isn't higher earnings but a higher stock price. They don't care about actually creating value, just keep inflating the bubble and you're golden.
There are multiple milestones. Earnings is one of them. So it's actually even harder than just an earnings target.
Re: Tesla reports steep drop in profits despite US rush to buy electric vehicles
#8Very hard to take this article seriously when they claim the Model Y was just released this month when it actually came out in 2020. "Tesla also debuted a long-promised, cheaper sedan called the Model Y earlier this month in a bid to increase slumping sales. The new line of sedans received criticism from some analysts over its starting prices of $39,990 and $36,990 – significantly higher than Chinese low-cost competitors." Also the claimed "Rush to buy electric vehicles" put revenue only 2% above expectations?
Re: Tesla reports steep drop in profits despite US rush to buy electric vehicles
#9Wow, it supports m1 and m2 Macs! I kind of love the idea of getting back to a proper Unix environment on a reasonably current Mac.
I think you might have posted this to the wrong comments thread.
Re: Tesla reports steep drop in profits despite US rush to buy electric vehicles
#10>The earnings report comes at a sensitive time for Tesla and Musk, as the CEO is seeking investor approval for that unprecedented $1tn pay package in a vote next month. WTAF. I'm not sure who could think he deserves this much pay (other than himself), after tanking the brand.
The Nazi salute was the end of it for a lot of folks who had given him grace for awhile
What a monumental fall