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

(www.theguardian.com)
61 points jethronethro | 1 comments | 23 Oct 25 01:52 UTC | HN request time: 0.252s | 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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next_xibalba ◴[23 Oct 25 02:41 UTC] No.45677612[source]▶
It's almost entirely milestone/incentive based. Should Tesla continue on this trajectory, he won't see a dime. Tesla has to hit an $8 trillion market cap, deliver 20 million vehicles, and 1 million robotaxis, and $400 billion in adjusted earnings. Were Tesla to hit those numbers in the specified time frame, Musk's comp would be worth every penny to investors.
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1. Ekaros ◴[23 Oct 25 05:33 UTC] No.45678462[source]▶
Earn cool 19k on each of the 21 million cars sold? That is some hefty margins to get to those earnings... Especially when you have Chinese models to compete with.