FastLaneJB
Active Member
I wasn’t aware that Tesla is a one man band and Elon did everything.Let's take Twitter out of this which seems an extremely emotive issue and a red herring on the topic of his share option award.
Not sure if you watch Shark Tank or Dragon's Den but how much equity do the shark's/dragon's take when they do a deal (and on merely a promise of boosting the company value and before achieving any result or even if no result in achieved)? 30% or more?
The share value of Tesla increased more than tenfold during the period (including the recent share price declines). In that context and on the basis that he only achieved the option awards after the results were obtained, it doesn't seem outrageous to me. The value is a huge number but so is the company value appreciation. He has made a lot of people seriously wealthy.
On a side but related note, how do you feel about the lawyers in the case seeking $6 billion, estimated to imply an hourly rate of $288,000? So those lawyers thought Elon's pay was outrageous but want $6 billion. I wonder if you multiply that hourly rate by the number of hours Elon worked without any pay what number it comes up to? That to me is unbridled greed.
The employees of Tesla achieved that, Elon just piloted the ship. Do captains get the best pay? Yes of course but roughly at a guess the average pay of the more skilled folks in Tesla is say $200k a year.
Tesla Salaries | Levels.fyi
Tesla's salary ranges from $48,918 in total compensation per year for a Customer Service at the low-end to $542,640 for a Legal at the high-end.
www.levels.fyi
So the captain in this case is making 27.5 million percent more than some of the better paid, very smart Tesla workers. I don’t care if you’re Jesus himself, you ain’t worth that much money.