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RE: Elon Musk Gets Largest CEO Pay Package (Ever?) For Running Tesla Into Ground
The problem is Tesla is NOT doing what needs to happen. Sure they are building a luxury electric car. But providing a fine ride for a few millionaires is not solving your smog problem.
The electric car technology, as it stands today, is not ready for mass adoption. And Tesla will not be the company to get it there. At some point the money spigot will dry up, Musk will move off to another “bold” idea and Tesla will quiver and die.
You're not following their plan very closely if you think it stops at millionaires. Do you think the electric companies strung lines out to the poor's houses first? Nope. If you'd listen to Musk's plan, it's to sell at high price in low quantity, then mid price at mid quantity, then low price at high quantity. This takes several decades to achieve.
Sounds great. Except they need to survive and the free money is not going to last that long
Big fans of the petro-dollar over here, didn't realize...
I think it will last that long - electric cars are going to be a multi-trillion dollar industry. The payoff is too large to miss out on.