The Power Of Elon: Tesla Employees That Bought In At The Beginning Are Rich Now

Tesla’s meteoric rise is making a lot of employees and executives very rich — but none richer than Elon Musk, who is seeing his personal wealth skyrocket.

Like most other tech companies, Tesla is offering stock options and grants as part of its compensation packages. But unlike most automakers, the company is offering stock compensations for all employees throughout the organization, including production associates and sales staff, which is rare in the auto industry.

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MDarringer - 7/7/2020 9:30:24 AM

0 Boost

Time to sell out, grab the cash, and run.

SanJoseDriver - 7/7/2020 12:52:32 PM

+2 Boost

I've heard that many, many times. They have some advantages that I do not see competitors catching onto quickly and a vision that is far bigger than just selling cars. Their endgame is selling autonomous transportation and energy (literally becoming a decentralized utility). I don't see anyone better equipped to do that in the short term or long term.

MDarringer - 7/7/2020 1:00:47 PM

-1 Boost

Tesla will either implode or be sold within the next 3-5 years. Once real manufacturers awake, Tesla simply will not have the money or engineering might to stay ahead.

runninglogan1 - 7/7/2020 5:54:56 PM

+4 Boost

Lol. You've been saying that for the last 3-5 years.

Your opinion has been irrelevant for the last 3-5 years.

In the meantime I've made more money on my Tesla stock in the last two years than you'll make in your entire life.

runninglogan1 - 7/7/2020 6:01:24 PM

+3 Boost

Tesla is now worth TEN times as much as Ford. Hard to believe but true.

Jaws824 - 7/10/2020 1:32:48 AM

0 Boost

"Tesla will either implode or be sold within the next 3-5 years. Once real manufacturers awake, Tesla simply will not have the money or engineering might to stay ahead."... How exactly will Tesla have no money when the fed is buying every corporate bond under the sun AND if Tesla issues shares anywhere near their current price, they will raise more cash than they can spend. I was a Tesla naysayer for years, and I was wrong. The Model Y improvements over the Model 3 are significant... and any company that is so hyper-focused on product improvement will win at the end of the day. I'm not a Tesla owner (currently have a new A7 and a 570s) but my next new car will be a Tesla Roadster. Audi makes very "perfected" products however none of the Germans can keep up with Tesla's massive charger network and superior autonomy.

SanJoseDriver - 7/11/2020 2:24:24 AM

+1 Boost

Indeed, their culture is what sets them apart. They focus on relentless innovation while other car companies are not just trying to keep up.