Musk’s reward for trashing Tesla and its share price? A mere $46b.
How do you reward a CEO that throws the reliability of a company globally, rolled the price of sales and stocks and becomes synonymous with everything in the United States? If you are a Tesla board of directors, you give him 96 million stocks worth $ 30 billion ($ 46.3 billion).
The gigantic payment that emerged overnight is to protect the “attention of billionaires – this is the word The Board used – If Musk continues to serve in the highest level of tasks for two more years, 96 million shares are US $ 23,34. Tesla shares – increased by 2% yesterday – each is currently $ 309,26, that is, Musk is faced with an unpaid profit of more than 26 billion US dollars compared to the closing of Monday.
This “temporary” package is in the context of the legal struggle on a larger Musk payment package worth $ 56 billion in 2018. If a Delaware court fully restored the 2018 Performance Award (it objects to the decision to reject the Tesla award), Musk will have to lose or return this temporary award.
Since the beginning of the year, Tesla shares fell 18.5% and in December, the post -Trump victory fell one -third. The role of Musk in the dismantling of the majority of the US federal government with Trump and the US federal government continued a wave of protests in the United States that the dealers were set on fire, damaged in protests, and the sale of sales in the United States.
However, Musk’s open support for the far -right parties in Europe, which led to a major consumer reaction: Tesla’s sales fell 86% annually in July, Sweden, 52 to 336% in Denmark and 27% to 1,307% in France. This happened after more than one -third in the first six months of the year.
China is the most important market of Tesla with a large, low -cost Tesla facility that produces approximately one million cars annually for local sales and exports in Shanghai. However Figures for July released on Monday A year ago, it revealed 8.2% of delivery and 5.2% slide from June.
Tesla’s proposals now seem to be stale, over -expensive and consumer friendly compared to the remarkable electric vehicle and hybrid wave from Chinese manufacturers around the world (but close enough to wet the abundance of houses from a large capacity industry). Until the last three months of this year, without a cheaper Tesla model symptom, the company must also rely on the impact of the upcoming end of the tax reduction of US $ 7,500 for home buyers.
As Bloomberg pointed outTesla has also seen an important workers’ migration in recent months. The company’s Human Resources President, Robotic Engineering President, a senior software manager and a long -term musk and Tesla’s Production President Omead Afshar resigned or pushed out.
You may only wonder how much the board will give to Musk. He didn’t do it Sales thrown in the trash with one -hand, destroyed the brand, massacred the share price and lost the key personnel.
