• Elon Musk's new salary terms tie him to Tesla for the next decade

    9 monthes ago - By Engadget

    Today, Tesla announced a new compensation structor for its superstar CEO Elon Musk. It's a 10-year plan that involves achieving market and operational milestones to increase Tesla's values. This isn't about Musk getting even more money, though that's...
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  • Tesla stakes Elon Musk's salary on plan to become bigger than Amazon

    Tesla stakes Elon Musk's salary on plan to become bigger than Amazon

    9 monthes ago - By The Verge

    Tesla has announced a new compensation plan for Elon Musk: he'll only get paid if he reaches certain exorbitant milestones, including a Tesla market valuation of $650 billion.
    The company's market valuation goals start at $100 billion and go up in $50 billion increments. (They climb to $150 billion, and so on until the $650 billion mark.) Tesla has a dozen market valuation goals and a dozen revenue and adjusted profit targets. The profit goals are designed to ensure that the company is “also executing well on both a top-line and bottom-line basis” as the company grows in valuation.
    For...
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  • Elon Musk's Boring Co. pitches plan to build a tunnel under Culver City to LA

    Elon Musk's Boring Co. pitches plan to build a tunnel under Culver City to LA

    9 monthes ago - By TechCrunch

    The Boring Company, Elon Musk's most unassumingly named tech venture, has presented a plan to build a 6.5 mile tunnel between Hawthorne and West Los Angeles, undercutting Culver City in between to link the two. Boring Co. executives presented the plan to the Culver City city council on Monday night, trying to sell the local regulators on the idea of a...
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  • The Boring Company's plan to dig a longer tunnel under Los Angeles is up in the air

    The Boring Company's plan to dig a longer tunnel under Los Angeles is up in the air

    9 monthes ago - By The Verge

    Elon Musk's subterranean side project, the Boring Company, went before the Culver City Council last night with its proposal to dig a 6.5-mile “proof-of-concept” tunnel underneath Los Angeles, with the goal of solving the region's traffic woes.
    The Boring Company has already received approval for and built a two-mile “test tunnel” underneath SpaceX's headquarters in Hawthorne, California. This new, longer stretch would be used to perform verification tests of all the necessary systems, like the electric “skates” that will whisk riders in their cars to their destination, but also the...
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  • Tesla's 10-year deal with Elon Musk hinges on performance - Roadshow

    Tesla's 10-year deal with Elon Musk hinges on performance - Roadshow

    9 monthes ago - By CNET

    Musk's new compensation plan means he will be paid only if the company reaches major milestones in operations and market value.
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  • Tesla's 10-year deal with Elon Musk hinges on company performance - CNET

    9 monthes ago - By CNET

    Musk's new compensation plan means he will be paid only if the company reaches milestones in operations and market value.
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  • Elon Musk's new Tesla compensation plan only pays if he delivers

    Elon Musk's new Tesla compensation plan only pays if he delivers

    9 monthes ago - By TechCrunch

    Elon Musk's new Tesla compensation package is the CEO equivalent of putting your money where your mouth is: He'll only be paid out if he manages to raise the value of Tesla as a company to certain milestones, kind of like Kickstarter project stretch goals on a grand scale. Per the New York Times, Musk's compensation will start at zero, and will increase based on...
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  • Elon Musk's Boring Company presents LA tunnel plan

    9 monthes ago - By BBC

    Elon Musk's Boring Company has presented its LA transport tunnel plans for Culver City.
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