Tesla investor and former 'fanboy' questions whether Elon Musk is purposely tanking the carmaker's stock
Musk's pay package centers on a series of goalposts around the carmaker's financial growth which was set in place in 2018. Specifically, the plan involves a 10-year grant of 12 tranches of stock options, which are vested when Tesla hits certain targets. When each milestone is passed, Musk gets stock equal to 1% of outstanding shares at the time of the grant. The company has since surpassed the metrics.
"Because Musk achieved all Market Cap milestones in 2021, he no longer had any incentive under the compensation plan to maximize shareholder value," Lagetko tweeted."He had every incentive to see the stock lower or to pursue personal aspirations knowing he had a massive slug of fresh options coming which he could exercise when the shares are trading as low as possible."
Musk, Koguan, and Lagetko did not respond to a request for comment from Insider ahead of publication. On Friday morning, Tesla stock was trading around $105 per share, its lowest since August 12, 2020, amid slowing demand from China.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Elon Musk Fan Files Trademark for Tesla Boats and Planes Without Telling TeslaAn Elon superfan was moved by Musk's claims that the Cybertruck could be a boat, so he decided to file a trademark for boats and planes on Tesla's behalf.
Weiterlesen »
Tesla investor and former 'fanboy' suggests Elon Musk is purposely tanking the stock - AutoblogEarlier this year, Elon Musk became the first person to ever lose $200 billion in net worth. His fortune dropped in large part due to Tesla's stock.
Weiterlesen »
Tesla Semi's Spacious Cabin Is Built Around The Driver, Tesla Engineer ExplainsA presentation by Elon Musk and Tesla Semi senior engineer Dan Priestly, the duo discussed the electric truck’s interior in detail.
Weiterlesen »
With big bets on Musk, these funds may have a Tesla problem in '23Tesla Inc's steep sell-off is proving to be an ongoing nightmare for fund managers that have bet heavily on the Elon Musk-led electric vehicle manufacturer.
Weiterlesen »
Tesla Brings Back 'Boring' Round Steering Wheel Elon NixedThe Tesla CEO favored a yoke steering wheel, similar to those used in race cars or planes, and refused to offer buyers a round wheel option back in 2021.
Weiterlesen »
Elon Musk, a father of 10 and IVF user, cut Twitter fertility benefitsElon Musk, who has used fertility treatments to conceive most of his 10 children, just cut a major fertility benefit for Twitter employees
Weiterlesen »