Wow…tensions are high. The reality is times are tough here, and human nature is to blame something or someone. The reality is no ONE thing or ONE person is to blame, and nobody here or elsewhere knows where the stock is headed. Focus on what Tesla is doing and the markets they’re serving. Then decide whether or not you want to own the stock.
For those wanting to blame Elon and now vote against his compensation package, I’d ask you to reconsider. Elon is not perfect, his aim is to be less wrong, but what Tesla has accomplished under his leadership is nothing short of amazing. They are an established, profitable EV automaker with a worldwide charging network, and incredible UI and autonomy software that can scale to nearly its entire fleet. No other company is even close to matching this. Tesla would not be here if it weren’t for Elon and it’s only right to follow through and award him the compensation package shareholders approved.
I'm casting 7,432 votes against Elon's comp plan. Why?
1.) Tesla financials/market value no longer match the comp plan metrics.
2.) Elon is a part time CEO and both he and his bro have sold off stock in an amount almost equal to the comp plan.
3.) Elon has since steered TSLA to an over 60% dump since he sold off an amount equal to the comp plan.
3. Kimbal is up for re-election. Even if you believe that Kimbal is qualified, this isn't pono.
3.) 'Tesla AI Day" "Tesla Battery Day". Lot's of hype to get investors excited to buy more stock. And it worked. Yet most of the content in these talks that were to be achieved by now are still unknown when they will be achieved.
Robotaxis by end of 2020?
$30k profit/year per Tesla owned?
$200k npv per Tesla?
100 GWh of 4680/year?
Semis in 2020?
4.) The judge may have very well overstepped her bounds in rescinding the comp plan, but given a second chance, no way can a rational person decide the CEO deserves $56B. The BOD has cashed out billions, the CEO hyped the company leading up to his $40B cash out, and hasn't given one care to the over $700B shareholder.
5.) I'm not as skeptical and I am more suseptical to fantasical claims than I thought.
6.) I once had "ELON" on my license plate, but let it expire in 2021 bc Elon was showing that he wasn't the person I thought he was. I wish I would have also lost faith in the company and sold out at that time too.