Elon Musk and his $55 BILLION dollar gamble
Discussion
Now I appreciate that it's from the BBC therefore some caution should be heeded when believing anything they publish BUT............
He's gambling his pay to the growth of the company from currently $60 billion to $650 Billion.............
As for the bit " Tesla expects to pay him $49,920 in 2016-17, but he says he does not cash the cheques. Instead he lives off loans made against the value of his shares. " Yeah, I'm sure he's really hard up at the mo............
Supreme self confidence and belief in your product or MASSIVE gamble if it comes off?
Seemingly resting on the success of the Model 3...........
http://www.bbc.co.uk/news/business-42788384
He's gambling his pay to the growth of the company from currently $60 billion to $650 Billion.............
As for the bit " Tesla expects to pay him $49,920 in 2016-17, but he says he does not cash the cheques. Instead he lives off loans made against the value of his shares. " Yeah, I'm sure he's really hard up at the mo............
Supreme self confidence and belief in your product or MASSIVE gamble if it comes off?
Seemingly resting on the success of the Model 3...........
http://www.bbc.co.uk/news/business-42788384
The article said:
The proposal is similar to the structure of his last salary package, which was put in place in 2012.
...
Strikingly, Musk's proposed renumeration plan no longer includes vehicle output targets, unlike his previous deal.
If Mr Musk hits only a few of the proposed milestones, he will make billions in the value of his shares.
...
Strikingly, Musk's proposed renumeration plan no longer includes vehicle output targets, unlike his previous deal.
If Mr Musk hits only a few of the proposed milestones, he will make billions in the value of his shares.
TooMany2cvs said:
The article said:
The proposal is similar to the structure of his last salary package, which was put in place in 2012.
...
Strikingly, Musk's proposed renumeration plan no longer includes vehicle output targets, unlike his previous deal.
If Mr Musk hits only a few of the proposed milestones, he will make billions in the value of his shares.
...
Strikingly, Musk's proposed renumeration plan no longer includes vehicle output targets, unlike his previous deal.
If Mr Musk hits only a few of the proposed milestones, he will make billions in the value of his shares.
TooMany2cvs said:
Agent XXX said:
Whilst not vehicle output targets specifically he's restructured it on the value of the company...........most of which will come from number of vehicles produced. Clever.
I'm not sure there's been a huge correlation so far...Tesla is doomed!
A while ago Mercedes had a tech partnership with Tesla for their electric cars. IIRC supplying the motors themselves.
They apparently no longer have that arrangement. And yet they still have hybrid/electric cars for sale. Elon has forgotten that your competitors will backward engineer your product and make it themselves.
He can put all his chips on "Model 3" But it's already years behind schedule and the major players will be undercutting it and making a better product by then.
In 10 years time Tesla will have gone. IMO
A while ago Mercedes had a tech partnership with Tesla for their electric cars. IIRC supplying the motors themselves.
They apparently no longer have that arrangement. And yet they still have hybrid/electric cars for sale. Elon has forgotten that your competitors will backward engineer your product and make it themselves.
He can put all his chips on "Model 3" But it's already years behind schedule and the major players will be undercutting it and making a better product by then.
In 10 years time Tesla will have gone. IMO
Rich_W said:
Tesla is doomed!
In 10 years time Tesla will have gone. IMO
Tesla doesn't want to make cars.In 10 years time Tesla will have gone. IMO
They want all car manufacturers to make electric cars.
What better way to make them all jump ship by making your own cars at the outset.
Tesla are a battery company. They want the lions share in making batteries for the world.
Chainsaw Rebuild said:
Is it just me that thinks Musk is wildly over hyped?
I genuinely cant think of anyone else that launched a rocket into space - and successfully landed it back on a launching pad.It is a game changer - and I do hope we start thinking about how we get the human race living beyond this planet.
Troubleatmill said:
Chainsaw Rebuild said:
Is it just me that thinks Musk is wildly over hyped?
I genuinely cant think of anyone else that launched a rocket into space - and successfully landed it back on a launching pad.It is a game changer - and I do hope we start thinking about how we get the human race living beyond this planet.
Fossil fuel interests are still powerful (the US favouring coal and increasing tarrifs on PV panels) and won't go away, but even if the Model 3 fails, he's shown that electric cars can work well and that space can be affordable.
RobDickinson said:
Chainsaw Rebuild said:
Is it just me that thinks Musk is wildly over hyped?
Who else is remotely comparable at the moment ? Possibly jeff bezos, can't think of anyone else Please call back when you've disrupted several industries yourself...
Who knew?
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