Elon Musk says he needs $1T to control Tesla's robot army | Hacker News Reader

Elon Musk says he needs $1T to control Tesla's robot army

electrek.co

15 pointsdarkwater13 comments

Elon is concerned that someone else might get control of his robot army? I'm concerned that he might have control.

(I mean, I may be concerned that anyone has control. But I do not trust Elon more than some random unknown. Somewhat less, in fact.)

This article is pure clickbait and it lost me here:

"...a social media platform he’s hopelessly addicted to, and then turned into a white supremacist haven."

> "...a social media platform he’s hopelessly addicted to, and then turned into a white supremacist haven."

"these are the facts of the case and they are undisputed" :)

Earlier: https://news.ycombinator.com/item?id=45676996

What weird universe have we ended up in.

The one where the Internet became a major part of everyone's lives including the rich and the powerful.

I was more talking about the one where the wealthiest man alive wants to build a robot army

Ohhhh that one!

They pay is conditional. It will fully vest only if Tesla reaches market cap milestones up to $8.5 trillion and operational targets, including delivery of 20 million vehicles, 1 million humanoid robots, 1 million robotaxis, 10 million active Full Self-Driving (FSD) subscriptions. and $400bn in adjusted core earnings.

So witch way it is?

A) Tesla will easily reach all those robot milestones. Musk's pay package is unearned.

B) That robot dream is delusional and if Musk pulls a rabbit from a hat, he deserves his $1 trillion.

I select B.

Do you happen to know what the pay deal specifies in case revenue and profit are largely flat? Ditto if they decline?

He gets nothing.

Tranche size is $500 billion. The first tranche milestone is $2 trillion, and the last tranche milestone is $8.5 trillion (total 12 tranches) Each tranche, other than the last two, requires an additional $500 billion increase in market capitalization. Each of the last two tranches requires an additional $1 trillion increase in market capitalization.

To hit the first market cap milestone he must increase Tesla market cap 34% matched to revenue-based operational milestone or Adjusted EBITDA-based operational milestone.

I see: The first tranche requires him to achieve a P/E ratio of about 400 if the other graphs stay flat, or maybe 500 with some decline. I've heard of higher P/E ratios in growing companies, but that's a real challenge for a stable or even declining company… it ought to keep him busy.

Which would be no bad thing.

As far as I can tell electrek.co exists only to bash Elon musk and tesla

Reply on news.ycombinator.com