http://www.businessinsider.com/why-t...ad-idea-2018-1
Tesla's new pay plan for Elon Musk isn't a bold move, it's a delusional one
http://www.businessinsider.com/why-t...ad-idea-2018-1
Tesla's new pay plan for Elon Musk isn't a bold move, it's a delusional one
He doesn't need a salary. Pretty sure they won't meet his performance target within the 10 year period... just as they can't build as many Model 3s according to his original time table...
It's just a good will gesture... that delusional investors' money raised during the period will ONLY go to further building Tesla rather than enriching Elon himself for the next 10 years.
I applaud such delusions.
Billionaires and CEOs really don't need salaries anymore. It's time they give up their multi-million salaries and show similar commitments to their companies with longterm performance based compensations. Don't have to be as extreme as Elon's contract of course.
If you're running your own company building products and services that you believe in, wouldn't you do the same crazy shit of not paying yourself a huge salary in the mean time for the benefit of the company?
The inability to get Model 3s out the door is hurting them more than the Model X issues ever will.
Soon they will announce they are building a pick up truck and open to preorders for a cash influx same as they keep doing.
The Model 3 and the Semitruck are going to be the cause of their downfall.
I'm not sure buyers will be fooled again to put down orders for another vehicle that Tesla can't deliver...
Inability to produce enough 3s as promised will definitely be their downfall. I think the delusional Elon contract is just there to keep the delusional investors there so that they can buy some more time to get it to work.
Even if few years late in getting them to full production, Model 3 is still way ahead of other competitors. If Elon delivers in a few years, Tesla could still potentially become one of world's biggest companies. If not, then yeah, I'd agree it'll probably be game over for Elon in the EV market. Surely some other auto manufacturer would be interested in buying Tesla rather than seeing the brand completely disappear?
It's more about the competition. All of the established players are moving into Tesla's space, big-time. We'll have to see if they can survive that.
Here's the problem though, every month and every new Model 3 delay sells more electrics for the competitors. Chevy Bolt available now, 238 miles per charge estimated. basically the same price as a Model 3.
Tesla delivered 1550 Model 3s in Q3 last year. Chevy sold 2987 Bolts in JUST November and the numbers they've been selling have only been going up.
GM is promising 20 new electric models by 2023. I think at least 3 other car makers have announced similar all electric plans. I think the big auto makers have seen it coming but were easing into it instead of a mad jump into the deep end. Hybrids have given them good information on batteries and helped improve that tech. The Volt is a Series hybrid, basically an electric with a gas engine for range extending.
For the same price, assuming Tesla is available, which car would you really buy? Bolt or Model 3?
For the fancier $100k performance sedans..., you probably will have to be a die hard Porsche fan to get a Porsche Mission E over the Model S with supercharging networks all over the place...
Tesla is ahead of its game so far. As long as the delay won't cause Tesla to lose its lead, they will have the potential to become a huge company. Reaching not only into garages, but also threatening utility companies.
For sure each car's profit margin will be thinner compared to iphones, but as long as the "delusional" investors continue to have faith...
Anyway, even if Tesla fails just like the real Tesla... at this stage of the game, Tesla's influence should have already taken hold. Hopefully there's no turning back to fossil fuel.
Here is the thing. More electrics out there will in turn make a profit for Tesla. He still wins. The bolts aren't on a waiting list.
Just like Apple products, there might be an equally capable product out there in the wild. They are sought after. People want them not because they are the best, but because they are perceived to be special. You create a perceived NEED, you can delay and people will wait.
I agree with Tyler -- for any customer he loses off of a waiting list, there will be another customer waiting when the car is finally built.
Electrics aren't going away this time.