Elon Musk and his $55 BILLION dollar gamble

[Agent XXX]

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

[Agent XXX]

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.

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.