What should you know about Elon Musk bonus package?
In his Latest tweet, Elon Musk asked his followers if he should sell 10% of his Tesla shares!
Jan. 23, 2018:
CEO Performance Award Details
The performance award consists of a 10-year grant of stock options that vests in 12 tranches. Each of the 12 tranches vests only if a pair of milestones are both met.
Market Cap Milestones: To meet the first market cap milestone, Tesla's current market cap must increase to $100 billion. For each of the remaining 11 milestones, Tesla's market cap must continue to increase in additional $50 billion increments. Thus, for Elon to fully vest in the award, Tesla's market cap must increase to $650 billion.
Operational Milestones: To meet the operational milestones, Tesla must meet a set of escalating Revenue and Adjusted EBITDA targets (the only adjustment to EBITDA is for stock-based compensation). These milestones are even more directly aligned with shareholder value creation than those used in Elon's 2012 performance award. They are designed to ensure that as Tesla's market cap grows, the company is also executing well on both a top-line and bottom-line basis.
For each of the 12 tranches that are achieved, Elon will vest in stock options that correspond to 1% of Tesla's current total outstanding shares (1% of that amount is approximately 1.69 million shares). If none of the 12 tranches is achieved, Elon will not receive any compensation. (Tesla)
I believe Elon Musk becoming the richest man on earth could have a very positive effect on many generations in the future!
But I have some questions that I could not find the answers to yet:
1- Is Elon Musk above Securities' Law and regulations?
2- How perfectly did Kimbal Musk sell his shares before a sharp 37% decline in price?
3- Why people should pay 1.2 Trillion dollars for Tesla in 2021 when its owners think it could be worth 650 Billion in 2028???
4- What is Elon Musk's role in pump and dump in the cryptocurrencies market? and how he benefitted from it?
5- Is there a relationship between Bitcoin stagnation in the past 4 weeks and Tesla shares rally in the same time frame?
...
Reference article:
https://ir.tesla.com/press-release/tesla-announces-new-long-term-performance-award-elon-musk
Jan. 23, 2018:
CEO Performance Award Details
The performance award consists of a 10-year grant of stock options that vests in 12 tranches. Each of the 12 tranches vests only if a pair of milestones are both met.
Market Cap Milestones: To meet the first market cap milestone, Tesla's current market cap must increase to $100 billion. For each of the remaining 11 milestones, Tesla's market cap must continue to increase in additional $50 billion increments. Thus, for Elon to fully vest in the award, Tesla's market cap must increase to $650 billion.
Operational Milestones: To meet the operational milestones, Tesla must meet a set of escalating Revenue and Adjusted EBITDA targets (the only adjustment to EBITDA is for stock-based compensation). These milestones are even more directly aligned with shareholder value creation than those used in Elon's 2012 performance award. They are designed to ensure that as Tesla's market cap grows, the company is also executing well on both a top-line and bottom-line basis.
For each of the 12 tranches that are achieved, Elon will vest in stock options that correspond to 1% of Tesla's current total outstanding shares (1% of that amount is approximately 1.69 million shares). If none of the 12 tranches is achieved, Elon will not receive any compensation. (Tesla)
I believe Elon Musk becoming the richest man on earth could have a very positive effect on many generations in the future!
But I have some questions that I could not find the answers to yet:
1- Is Elon Musk above Securities' Law and regulations?
2- How perfectly did Kimbal Musk sell his shares before a sharp 37% decline in price?
3- Why people should pay 1.2 Trillion dollars for Tesla in 2021 when its owners think it could be worth 650 Billion in 2028???
4- What is Elon Musk's role in pump and dump in the cryptocurrencies market? and how he benefitted from it?
5- Is there a relationship between Bitcoin stagnation in the past 4 weeks and Tesla shares rally in the same time frame?
...
Reference article:
https://ir.tesla.com/press-release/tesla-announces-new-long-term-performance-award-elon-musk
Comment:
One Tweet cost share holders more than 250 Billion!
Comment:
Do you really want to know why Elon Musk does not care about the impact of his tweets? On SNL he mentioned he has Asperger's, now lets review Asperger's symptoms!
Common symptoms of Asperger’s that may impact social interaction or communication include:
Problems making or maintaining friendships
Isolation or minimal interaction in social situations
Poor eye contact or the tendency to stare at others
Trouble interpreting gestures
Inability to recognize humor, irony, and sarcasm
Inappropriate behaviors or odd mannerisms
Problems expressing empathy, controlling emotions, or communicating feelings
Lack of common sense
Tendency to engage in one-sided conversations (about oneself)
Fascination with certain topics
Interpretation of information as literal
The preference for a strict schedule or routine
Common symptoms of Asperger’s that may impact social interaction or communication include:
Problems making or maintaining friendships
Isolation or minimal interaction in social situations
Poor eye contact or the tendency to stare at others
Trouble interpreting gestures
Inability to recognize humor, irony, and sarcasm
Inappropriate behaviors or odd mannerisms
Problems expressing empathy, controlling emotions, or communicating feelings
Lack of common sense
Tendency to engage in one-sided conversations (about oneself)
Fascination with certain topics
Interpretation of information as literal
The preference for a strict schedule or routine