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.
I can’t believe they haven’t booted musk yet
Booted? They just voted him a 55 billion dollar bonus.
This is exactly what his investors want apparently.
Did that pass?
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.
Yup.
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.
Don’t worry guys; Tesla is an AI company, not a car company. So car sales don’t matter much, right?
Right?
The AI will generate AI (Artificial Income).
Any moment now your investment in an automated taxi will pay off and you can live off of taxi fares.
Who does the passenger’s family sue when the car drives them down a railroad track? The owner? Tesla? Elon?
Wasn’t the driver supposed to monitor the system under the current law?
What point are you making here?
They get sued by Elon of course
