Tesla

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Discussion of Tesla, Inc.

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About Tesla

Tesla Inc. (formerly Tesla Motors) is an energy + technology company originally from California and currently headquartered in Austin, Texas.

They produce electric vehicles (with a heavy focus on autonomy), batteries, and energy/solar products for the grid.

Tesla’s mission is to accelerate the world’s transition to sustainable energy.

founded 2 years ago

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Tesla shareholders approve Elon Musk's US$1 trillion pay package (www.rnz.co.nz)

submitted 4 months ago* (last edited 4 months ago) by rimu@piefed.social to c/teslamotors@lemmy.zip

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Getting all the shares available under this package over the next 10 years would be the equivalent of earning US$275m a day.

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[–] seathru@lemmy.sdf.org 13 points 4 months ago* (last edited 4 months ago)

The board of directors that designed the pay package require him to hit several ambitious financial and operational targets, including increasing the value of the company on the stock market nearly six times its current level.Musk also has to deliver 20 million Tesla electric vehicles to the market over 10 years

This is just like telling your idiot kid "If you get all A's, we can go to disneyland". It'll shut them up for a while and you know it's a safe bet you won't ever have to pay out.