WTAF. I'm not sure who could think he deserves this much pay (other than himself), after tanking the brand.
It's basically the board saying "uh, sure, if you earn us 8.5 trillion dollars, we'll give you a trillion of it".
It's an absurdly high bar, and the board had no real incentive to not throw it out there. Honestly every board should do this. Why not.
What a monumental fall
The rush to buy electric vehicles was baked into the expectations, so beating by 2% is still noteworthy.
So what they said is correct but a little misleading, perhaps as a dig on Tesla’s naming conventions.
In June 2025, Tesla introduced the three-row, six-seater version of the Model Y, marketed as the Model Y L.[84] Debuting in China and produced at Gigafactory Shanghai, the variant introduces a six-seat configuration with a lengthened cabin and upgraded interior features. It is equipped with 19-inch aero wheels in a new design and offers a new exterior colour option called Cosmic Silver. Deliveries in China commenced on September 2, 2025.[85]
> The loss of EV credits as a result of Donald Trump’s One Big Beautiful Bill Act was a factor in the public breakup between Musk and the president and has continued to influence the company’s sales forecasts.
> Musk has also insulted Sean Duffy, the US transportation secretary, this week in a series of posts that included calling him “Sean Dummy” and reposting calls for him to be removed from his post. Duffy, who is also acting head of Nasa, stated on Monday that he would reopen the bidding for contracts related to the space agency’s Artemis moon mission because Musk’s SpaceX rocket company had fallen behind on its timelines for the project.
They don’t sell a car over 62000€ in Europe.
“ In 1974, a new car cost an average of 5320 euros. The average income was 13,928 euros per year, so a buyer had to work for an average of 4.6 months for a new car. 20 years later, it was already 7.4 months per new car. Until 2019, this number remained stable, but then it skyrocketed. Today, a buyer has to spend all his income from 9.6 months of employment to buy a new car. For more expensive e-cars, it is even 11.4 months. The reason is stagnant incomes, but also high profit margins of the manufacturers.” https://www.tagesschau.de/wirtschaft/verbraucher/kosten-auto...
From my personal perspective, as an employed software engineer, all cars over 50k are luxury.
electric_mayhem•3h ago
geoffpado•2h ago
dboreham•2h ago