Tesla is awarding CEO Elon Musk 96 million shares of restricted stock valued at approximately $29 billion, just six months after a judge ordered the company to revoke his massive pay package.
The electric vehicle maker said in a regulatory filing on Monday that Musk must first pay Tesla $23.34 per share of restricted stock that vests, which is equal to the exercise price per share of the 2018 pay package that was awarded to the company’s CEO.
They already are, Tesla’s sales are stagnating in a Growing market, their market share is disappearing.
Yeah, Ford has been trying to hype up an event coming next week. I assume it is going to be a new line of EV’s. They keep trying to call it a “model T moment.”.
I assume they’ll launch a smaller EV truck, small SUV, and hopefully an actual car. If Ford actually launches 3 EVs sub $30,000 before any kind of rebates it would be great. A 20,000EV would be better, but I just don’t see it happening with the lack of support or rather opposition our government has put forth.
”We believe the only way to compete effectively with the Chinese over the globe on EVs is to go and really push ourselves to radically re-engineer and transform our engineering supply chain and manufacturing process.”
Someone correct me if I’m wrong, but I believe Trump did away with any EV incentives that may have existed.
There are state based insensitives as well. The federal I believe he killed.
https://electrek.co/ev-tax-credit-rebate-states-electric-vehicles/
E.g. you may be able to get 9,500 back on a car and charging station in California according to that.