Comment Re:The supply chain problems are real (Score 1) 69
Elon Musk compensation package:
The pay plan would give Musk 423,743,904 shares, awarded in 12 tranches of 35,311,992 shares each if Tesla achieves various operational goals and market value milestones. Goals include delivering 20 million vehicles, obtaining 10 million Full Self-Driving subscriptions, delivering 1 million “AI robots,” putting 1 million robotaxis in operation, and achieving a $400 billion adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization).
And:
The plan has 12 market capitalization milestones topping out at $8.5 trillion. The value of Musk’s award is estimated to exceed $1 trillion if he hits all operational and market capitalization goals. Musk would increase his ownership stake to 24.8 percent of Tesla, or 28.8 percent if Tesla ends up winning an appeal in the court case that voided his 2018 pay plan.
So, Tesla has to generate $8.5 Trillion in revenue over the next ten years for Musk to get $1 Trillion in stock... If the company doesn't meet those targets, he doesn't get the stock.