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

(www.theguardian.com)
62 points jethronethro | 2 comments | 23 Oct 25 01:52 UTC | HN request time: 0s | 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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1. lateforwork ◴[23 Oct 25 02:51 UTC] No.45677684[source]▶
8.5 trillion in 10 years, is 20% growth per year. For comparison S&P 500 grew 25% last year.
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2. r_lee ◴[23 Oct 25 06:13 UTC] No.45678731[source]▶
I don't believe we will have such growth at all in the next 10 years unless we get hyperinflation

growing 25% when a company is say 50-100b is a lot different than going towards 10 trillion

and valuations are already so stretched across the board