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May 19, 2017
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Tesla Chief Executive Elon Musk’s proposed multibillion-dollar compensation plan was approved Wednesday by shareholders, according to multiple outlets. The plan is unique in that it is contingent on achieving market cap and operational milestones that would make Tesla one of the most valuable companies in the world. In order for Musk to fully vest, Tesla’s...
[WPURI="https://teslamotorsclub.com/blog/2018/03/21/shareholders-approve-musks-compensation-package/"]READ FULL ARTICLE[/WPURI]
 

Rowan256

Active Member
Sep 5, 2017
1,028
530
Amsterdam
If autopilot comes out, here will be loads less cars on the road, or/and builded. So I very much doubt Elon will succeed achieving this with Tesla alone (so that's without the boring compagnie and such). Unless the dollar loses about 2 times it's value at that time. Nevertheless, balancing the grid will also need a lot of batteries.
 

jelloslug

Active Member
Jul 21, 2015
4,728
6,405
Greenville, SC
If autopilot comes out, here will be loads less cars on the road, or/and builded. So I very much doubt Elon will succeed achieving this with Tesla alone (so that's without the boring compagnie and such). Unless the dollar loses about 2 times it's value at that time. Nevertheless, balancing the grid will also need a lot of batteries.
The number of cars on the road is independent of who is driving them.
 

EinSV

Active Member
Feb 6, 2016
4,332
21,741
NorCal

Most Tesla shares are owned by institutional investors, who must have overwhelmingly voted for the plan since the vote was 80-20 in favor.

I find it fascinating that Tesla critics try to equate professional fund managers like those at T. Rowe Price, Baillie Gifford and Baron Funds -- who all publicly announced they supported the plan -- to cult members. Elon Musk’s massive Tesla CEO compensation plan gets backing from major shareholders
 
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HankLloydRight

No Roads
Supporting Member
Jan 18, 2014
13,069
11,318
Connecticut
I probably got about 15 calls from Tesla representatives frothing at the mouth to take my proxy votes over the phone.

As soon as I started asking just a few questions about EM and how much stock he already owns, how much he would own, and how much that stock would appreciate given the goals of the new plan, they pretty much hung up on me before I could cast a "no" vote, even though I was just asking what I thought were normal questions and hadn't yet decided how I was going to vote. But they clearly wanted to move on to the next call and maybe get some more "easy yes" votes without people asking any questions.

They were very aggressive in calling me at least once, if not twice a day the last two weeks.
 

SO16

Active Member
Feb 25, 2016
3,211
10,383
MI
I probably got about 15 calls from Tesla representatives frothing at the mouth to take my proxy votes over the phone.

As soon as I started asking just a few questions about EM and how much stock he already owns, how much he would own, and how much that stock would appreciate given the goals of the new plan, they pretty much hung up on me before I could cast a "no" vote, even though I was just asking what I thought were normal questions and hadn't yet decided how I was going to vote. But they clearly wanted to move on to the next call and maybe get some more "easy yes" votes without people asking any questions.

They were very aggressive in calling me at least once, if not twice a day the last two weeks.


So they were right in not wasting any more time with you?
 

HankLloydRight

No Roads
Supporting Member
Jan 18, 2014
13,069
11,318
Connecticut
So they were right in not wasting any more time with you?

I was trying to make an informed decision. I think it's reasonable to ask them questions if they want me to vote over the phone. The entire thing is suspect because how would I even know they checked the right box and they just take a yes vote no matter what I say? Only an internal audit of the tapes might reveal such gaming.

If they really just want my vote either way, they would not have hung up on me. But their bias was clear in that they wanted a 'yes' vote and anything else is a waste of time. That's bulls----
.
 

SO16

Active Member
Feb 25, 2016
3,211
10,383
MI
I was trying to make an informed decision. I think it's reasonable to ask them questions if they want me to vote over the phone. The entire thing is suspect because how would I even know they checked the right box and they just take a yes vote no matter what I say? Only an internal audit of the tapes might reveal such gaming.

If they really just want my vote either way, they would not have hung up on me. But their bias was clear in that they wanted a 'yes' vote and anything else is a waste of time. That's bulls----
.

I guess the only solution to your problem is to sell the stock.
 

SO16

Active Member
Feb 25, 2016
3,211
10,383
MI
What? Who said I had any problem?

Are you saying I should just follow the pack mentality without any critical thinking?

I guess I'm not a fanboi like some people. I actually have a brain I like to use.

Reread your posts. Are you not bringing up a problem?

Why do you jump to the fanboy argument? I didn’t say anything about it. You want to deny a pay package to the board agreed upon package. That’s your right. Just seems odd to hang on to the shares to reap the rewards of his work due to the compensation package you denied.
 

HankLloydRight

No Roads
Supporting Member
Jan 18, 2014
13,069
11,318
Connecticut
Reread your posts. Are you not bringing up a problem?

Why do you jump to the fanboy argument? I didn’t say anything about it. You want to deny a pay package to the board agreed upon package. That’s your right. Just seems odd to hang on to the shares to reap the rewards of his work due to the compensation package you denied.

And this is why I jump to the fanboy argument. Your bias is showing. Who said I was going to vote "no"?

I just wanted more information than "everyone else is doing it."

The first response of any fanboy to any distention among the ranks is "well, just sell the stock". What a moronic thing to say.

If you want to intelligently discuss the pros and cons of his compensation package, than please do that. But don't just tell me how to handle my own investments just because I'm seeking more information than the leemings who just blindly go along with whatever they're told to do.
 
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