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Tesla reports steep drop in profits despite US rush to buy electric vehicles

(www.theguardian.com)
61 points jethronethro | 4 comments | 23 Oct 25 01:52 UTC | HN request time: 0.619s | source
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leptons ◴[23 Oct 25 02:33 UTC] No.45677555[source]▶
>The earnings report comes at a sensitive time for Tesla and Musk, as the CEO is seeking investor approval for that unprecedented $1tn pay package in a vote next month.

WTAF. I'm not sure who could think he deserves this much pay (other than himself), after tanking the brand.

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bpodgursky ◴[23 Oct 25 02:39 UTC] No.45677594[source]▶
The articles are stupid. It's up to $1T IF he raises the stock price ~7x.

It's basically the board saying "uh, sure, if you earn us 8.5 trillion dollars, we'll give you a trillion of it".

It's an absurdly high bar, and the board had no real incentive to not throw it out there. Honestly every board should do this. Why not.

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amanaplanacanal ◴[23 Oct 25 02:42 UTC] No.45677623[source]▶
From an outside perspective, it feels wrong that the goal isn't higher earnings but a higher stock price. They don't care about actually creating value, just keep inflating the bubble and you're golden.
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1. LanceH ◴[23 Oct 25 02:48 UTC] No.45677661[source]▶
If a trillion dollars is on the line, could the stock be manipulated to be higher than that for less than a trillion?
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2. 3eb7988a1663 ◴[23 Oct 25 02:51 UTC] No.45677677[source]▶
Other private Musk companies (SpaceX and xAI) just bought fleets of Cybertrucks. One may wonder what exactly they would do with so many vehicles other than boost Tesla's share price.
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3. palmotea ◴[23 Oct 25 06:43 UTC] No.45678899[source]▶
They need them for the Mars colony, duh. You can't drive a gas car on the moon.
4. Zigurd ◴[23 Oct 25 12:45 UTC] No.45681184[source]▶
Could TSLA be manipulated? With a priced earnings ratio of 300, the question is: how much more manipulated? How about all of the other fashy tech bros with ridiculous valuations in public and private companies?