this post was submitted on 30 Jul 2024
127 points (97.0% liked)

Technology

59312 readers
5006 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
127
Tesla Reports Profit Drop On Price Cuts, Lower Vehicle Sales (www.ibtimes.co.uk)
submitted 3 months ago by [email protected] to c/[email protected]
12 comments fedilink hide all child comments
 

Tesla reported a hefty drop in second-quarter profits Tuesday due to the effect of price cuts while spending aggressively on autonomous driving and other technology.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 30 points 3 months ago (1 children)

I can’t believe they haven’t booted musk yet

[–] [email protected] 24 points 3 months ago (2 children)

Booted? They just voted him a 55 billion dollar bonus.

This is exactly what his investors want apparently.

[–] [email protected] 6 points 3 months ago* (last edited 3 months ago)

It's so hilarious IMO, by the rate they made money this past quarter, it will take Tesla 10 years, just to earn that $55 billion bonus back.

[–] [email protected] 1 points 3 months ago (2 children)

Did that pass?

[–] [email protected] 5 points 3 months ago

It did pass and is tied to performance of the company. He doesn’t actually get a 55B bonus. His bonus is in the form of stock, its award is tiered based on revenue-tied performance, and he can’t sell the stock until 5 years after it’s awarded, as to prevent a pump-and-dump incentive structure.