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Tesla Offers $25K Off Model 3 and Exciting Deals

Tesla's Latest Promotions: A Game Changer for Buyers As I rev my mental engine and dive into the latest news from the Tesla universe, I can't help but feel a surge of excitement. The electric automotive giant has unleashed a wave of promotions that could potentially reshape the landscape of EV ownership. With a staggering $25,000 off on the Model 3, lower lease rates, and even a complimentary wrap, Tesla is clearly on a mission to make their vehicles more accessible than ever. The $25,000 Off Model 3: What Does It Mean? At first glance, this jaw-dropping discount on the Model 3 might seem like a marketing gimmick. However, let’s break it down. Affordability : A $25,000 reduction opens the door to a broader audience, making the dream of owning a Tesla a reality for many first-time buyers. Competition : This aggressive pricing strategy sends a clear message to competitors: Tesla isn't backing down in the EV race. Lower Lease Rates: A Sweet Deal for the Budget-Con...

CalPERS Rejects Musk's $56B Tesla Pay Package

CalPERS, the California Public Employees’ Retirement System, is making waves. They’ve decided to vote against Elon’s audacious $56 billion pay package. Now, you might be thinking, “TeslaDan, why are you so interested in this?” Well, my astute reader, it’s not every day that an organization slated to make an 11x return on their investment balks at a CEO’s pay. It’s like refusing free guacamole at Chipotle—downright un-Californian, some might say.

Excessive Compensation or Well-Deserved Reward?

CalPERS, those stewards of pensions, see this pay package as excessive. They argue that it’s not tied to Tesla’s long-term profitability and, frankly, doesn’t incentivize Elon to push harder. I get it. It’s a lot of money, even by Silicon Valley standards. But here’s the thing: Elon’s already a multi-billionaire. Money isn’t his primary motivator. He’s driven by a vision, a desire to transition the world to sustainable energy, and maybe even get us to Mars.

CalPERS Takes a Stand

Don’t get me wrong, I understand CalPERS’ position. They have a fiduciary duty to their stakeholders, and massive CEO pay packages have been a hot topic for years. They’re concerned about dilution of shareholder value and the lack of performance-based metrics tied to this package.

Fun Fact: Did you know that Elon Musk’s 2018 Tesla compensation package, which was also controversial, was valued at approximately $2.3 billion? That’s enough to buy a small island, a fleet of Roadsters, and still have enough left over to fund a few more SpaceX launches!

This vote is more than just about money. It’s about corporate governance, executive compensation, and the very soul of Tesla. Will it impact Elon’s drive? I doubt it. Will it change the way we think about CEO pay? Only time will tell. But one thing’s for sure, this Tesla shareholder meeting is going to be one for the history books.

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