Elon Musk's Pay Plan is Absolutely Insane and the Fed Guarantees Another Depression

In this podcast, QTR talks about Elon Musk's insane new pay package and - even more insane - the 73% of Tesla shareholders that approved it. He makes the point that it is hardly tied to the company's profitability and can see its revenue and market cap milestones easily be gamed. QTR breaks down some of the milestones and talks about why even if Musk reaches them, it doesn't mean the stock is going up, nor does it in any way mean that the company is going to be consistently profitable or cash flow generative. After, QTR talks about why Fed policy basically guarantees that we're going to have another depression - one that will make 2008 look like a fairy tale - somewhere down the road.

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Comments

Setarcos cbxer55 Thu, 03/22/2018 - 02:48 Permalink

Like the "raven" wrongly writes, "Elon Musk's Pay Plan is Absolutely Incredulous".  No it's not, it's INCREDIBLE.  At least get the headline right … oh and I'm not being a "grammar Nazi", I'll forgive anyone anything, e.g. typos and non-English speakers, but I expect better of journalists and the like who are supposedly "educated" and shouldn't basically misinform people with the wrong use of words.  People can be incredulous - find it hard to believe something - but it's events they find hard to believe which are incredible, like a lot to do with Musk.

PS  I was going to let you off with not using they're or they are, but I've changed my mind, because it's best to be careful who one calls stupid.

In reply to by cbxer55

NuYawkFrankie Setarcos Thu, 03/22/2018 - 06:48 Permalink

Forgive them.

Even supposedly "native speakers" of English - like your typical DUMB 'Murcan or THICK Brit - can't seem to fathom such basic usage as knowing the difference between "their", "there" & "they're" - and that's after at least 12 years of "ed-u-kay-shun"!

In fact, some of the most egregious offenders I've come across have been out of the "Creme De La Creme" schools like MIT and even Harvard... so much so that I used to proof-read their "offerings" for them - for a beer or two - before they went "live"... typically stripping down, say, 5 paragraphs of repetitive highfalutin un-grammatical excruiating verbiage into a paragragh or two of clear, concise prose.

It's little wonder then that - as representative of a basically illiterate nation - the last three Presidents have been a language-challenged "nukular" chimp, followed by a "Telepromter-Reader" and now a mono-syllabic "Tweeter In Chief"...

In reply to by Setarcos

Koba the Dread Setarcos Thu, 03/22/2018 - 18:31 Permalink

Please do be a grammar Nazi! It's disgusting to read comments from these ignorant hillbillies. If it's worth writing, it's worth writing properly. If you can't form a proper English sentence or can't spell the English language, then you probably are too ignorant to be allowed an opinion. Of course, this admonition does not apply to people for whom English is a second language.  But for native English speakers? "Whose gon pey atenshon too garbij ritten lik this?"

In reply to by Setarcos

cbxer55 Setarcos Fri, 03/23/2018 - 18:21 Permalink

You're absolutely right, don't know how that slipped by me. I feel horrible. ;-)

I'm usually pretty good about getting that right. Dang it all! I do know the diffference between there, their and they're. Same with then and than. Or how about wear and where. LOL 

I'll be more careful in the future. I even strive to get that right when I text by phone, don't use no stupid shortcuts. Except LOL and ROFLMAO of course. 

In reply to by Setarcos

One of We GoldenDonuts Thu, 03/22/2018 - 04:42 Permalink

Tesla haters remind me of the dorks who would spend time finding fault with models in the Sports Illustrated Swimsuit Issue.  Airbrushing, bad boob job, flat ass, bubble butt, blah blah.  Tesla's are sexy, fast, and quiet - properties most men enjoy in women and they catch on fire once in a while which I'm sure is just a feature.  

In reply to by GoldenDonuts

jin187 GoldenDonuts Thu, 03/22/2018 - 09:16 Permalink

Exactly why this package isn't ridiculous.  It's kinda like a football player that only gets half his pay unless he runs for 200 yards a game and wins the Super Bowl.  If he hits the targets, it's totally worth it.  If he doesn't, Tesla is only paying him at about the rate of other CEO's at comparable companies, and they have a scapegoat to blame their failures on.  If Tesla's stock price tanks, he might not even be getting a tenth of that money.

In reply to by GoldenDonuts

roddy6667 Thu, 03/22/2018 - 00:12 Permalink

That's a lot of money for a company that has not made a dime of profit (GAAP) since it started in 2003, and depends on tax credits and taxpayer support to keep the doors open. 

One of We Thu, 03/22/2018 - 04:32 Permalink

Musk launches big fucking rockets into space and then lands parts of them back here safe and sound.  Eat a dick if you don't think that is entirely cool.

NiggaPleeze One of We Thu, 03/22/2018 - 07:18 Permalink

 

That's not Musk who did that.  He doesn't know a nozzle from a vacuum.  Those are ex-NASA engineers, who were trained and who got all their knowledge from the US government, paid for by the US taxpayer, and he took it all for free with his socialist "crony capitalism" "insider" pull.

In fact Musk has gotten countless billions from the taxpayer in subsidies.  If I got all the billions he got I'd be a fucking billionaire too, that fucking corrupt POS.  If he lost taxpayer money all of his fucking fraud companies would go bankrupt in a day.  Me, I'd give him a ten year stint in Leavenworth and keep the billions.

In reply to by One of We

blindfaith NiggaPleeze Thu, 03/22/2018 - 08:06 Permalink

"In fact Musk has gotten countless billions from the taxpayer in subsidies"

AND..so has Warren Buffett..food and mostly the transportation of oil in to and out of Canada and never loading or unloading one fucking drop.  Millions and millions every year and not a word said.

In reply to by NiggaPleeze

InnVestuhrr Thu, 03/22/2018 - 07:00 Permalink

After you stop paying trillions of USD to the imported and home-grown proletariat vermin biomass bulk who produce NOTHING of any value to the society, then you can start to think about cutting the pay to people like Musk who actually do provide great value.

Proaurum Thu, 03/22/2018 - 07:03 Permalink

Toyota produces 10M cars per year

VW group: 10M cars per year

GM: 7M per year

PSA group: 3.6M per year

JLR: 500k cars per year

Tesla: 100k per year

If only 1% of cars produced by the big 4 above are EV or Hybrid, their 300k per year will swamp Tesla's figures. At the VERY best, Tesla is worth no more than JLR (similar performance, looks, market etc)

Tata Motors, owner of JLR, has revenue of $42B. Market cap $27B

JLR revenue is $24B so JLR market cap on it's own ~$15B (one estimate up to $39B)

Tesla market cap (for 1/5 of cars produced by JLR) is currently $52B

All things being equal, Tesla is worth no more than $3B, maybe $8B at best (assuming they can ever turn a profit)

Hahahahahahaha!

BJPershing Thu, 03/22/2018 - 08:54 Permalink

RE:  Fed & Depression:

We are in line, cyclically speaking, for a 100 year reset:  Everything's bankrupt, from SS to Medicare/ade, pensions etc...Keep thinking that Trump's election was not an "accident" or "mistake" but calculated to make him this century's Hoover (the last businessman turned President). 

Food for thought. 

jin187 BJPershing Thu, 03/22/2018 - 09:22 Permalink

The funny thing is how many people still blame Hoover for the depression, and credit FDR for getting us out of it.  I've wondered for awhile now why we even bother to write down history.  90% of people don't bother to read or understand it, and the other 10% just blame the jews and blacks for everything.

In reply to by BJPershing