The company said it made $1.48 billion from April through June, less than the $2.7 billion it made in the same period of 2023. It was Tesla's second-straight quarterly net income decline.
Big declines in TSLA profitability this past quarter.
“The pay deal is structured to deliver several rounds of stock options that will allow Musk to buy about 304 million shares of Tesla stock. Musk is able to receive each round of options after the company hits certain milestones — such as when Tesla reached a market value of $100 billion, and then at every $50 billion mark beyond that. (Currently, Tesla’s market cap is about $580 billion.)”
1.5 billion in profit? How the hell does that justify 54 Billion in payment, how is the company profitable?
I hate Musk but it was reportedly structured around share price targets
https://www.cbsnews.com/news/elon-musk-pay-package-vote-cbs-news-explains/
“The pay deal is structured to deliver several rounds of stock options that will allow Musk to buy about 304 million shares of Tesla stock. Musk is able to receive each round of options after the company hits certain milestones — such as when Tesla reached a market value of $100 billion, and then at every $50 billion mark beyond that. (Currently, Tesla’s market cap is about $580 billion.)”