O/t, tsla, would Buffett buy this compensation package?

[Tesla]) confirmed that the Justice Department has [requested documents ])related to its autonomous-driving software, or Full Self-Driving, after opening a criminal investigation. FSD helps drivers with tasks including steering and maintaining a safe distance from other vehicles.

  • The Wall Street Journal previously [reported) that Justice and the Securities and Exchange Commission were investigating whether Tesla and its executives misled consumers and investors about how Autopilot performed. The system doesn’t actually do all the driving, and drivers must stay engaged on the road 100% of the time.
  • “To our knowledge no government agency in any ongoing investigation has concluded that any wrongdoing occurred,” Tesla said in a regulatory filing. It didn’t respond to Barron’s request for comment. The filing said an enforcement action could have a possible material adverse impact.
  • The National Highway Traffic Safety Administration started an investigation in 2021 after crashes involving Teslas and first-responder vehicles stopped at emergency scenes, and escalated that inquiry last year. The California Department of Motor Vehicles has accused Tesla of falsely advertising its vehicle as autonomous, the Journal reported.
  • Tesla said it had reached a revenue milestone entitling CEO Elon Musk to receive the final part of a CEO pay package approved in 2018. The combined value of the stock options granted as part of that pay package tops $43 billion, according to compensation-data firm Equilar.“”
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As a shareholder, I supported Elon’s 2018 package when the market cap was $50B and company was on the edge of bankruptcy and many were skeptical if he would hit any one of these milestones. Today TSLA is $550B+ company (11x return) and energized the entire world to go EV.

What have Ted or Todd done since they have joined BRK other than trail S&P ?

Tesla shareholders have approved by a wide margin a proposal to award Chairman and CEO Elon Musk a massive multibillion-dollar stock grant, a source at the meeting told CNBC.

Musk could earn more than $50 billion over the next several years if Tesla hits certain key milestones and stays on in his current role at the company he co-founded.

*The grant gives Musk $2.6 billion in stock options in 12 tranches that each vest as the company hits key performance milestones over 10 years.

Musk needs to hit 12 market capitalization milestones and 16 revenue or earnings before interest, taxes, depreciation and amortization targets in order to vest the entire award. Tesla has to reach a market cap of $100 billion for the first tranche to vest, and then each of the remaining 11 tranches require an additional $50 billion in market value.

In addition to that, there are 16 operational milestones: eight focused on increasing revenue from $20 billion up to $175 billion, and another eight targeting adjusted EBITDA milestones ranging from $1.5 billion to $14 billion.

Each of the 12 tranches vests when Tesla hits a market cap milestone and one of the two kinds of operational milestones.

Throughout all of this, Musk must remain either CEO or executive chairman and chief product officer.

Ultimately, Musk could earn up to $55.8 billion in stock and awards, if Tesla’s market cap reaches $650 billion. It is currently around $52 billion. Musk will receive no other compensation for his work at Tesla outside this plan.


Don’t know what Buffett is buying these days, it surely hasn’t been companies or stocks. Berkshire is a dinosaur and the stock price isn’t going anywhere. Dividends showed us not long ago the stock hasn’t even been able to beat the ‘lowly’ S&P 500 over a 15-year period.

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good morning, this fools board is becoming increasingly user unfriendly for me. I think I’ll stick to the new Shrewd board, best of luck, stay healthy.


I’m with you HC, good luck all!