Tag Archives: tesla

02/19/24

Don’t Cry For Me, Elon Musk

Elon Musk, whose 2012 employment agreement compensation was the largest in US corporate history, is angry that the Delaware Chancery Court invalidated his 2018 employment agreement (also the largest in US business history).

The 2018 agreement is fairly described as being a “performance based, equity compensation plan.” It contained a dozen milestones each of which when attained delivered to Musk approximately 1% of the shares of Tesla.

BTW, Elon Musk does not draw a salary.

Musk enjoying a blunt on Joe Rogan’s pod cast.

In his sophomoric anger, Musk has threatened to move Tesla’s state of incorporation from Delaware to either Nevada or Texas. This would require shareholder approval. Seems wildly childish and small, but, hey, Elon Musk is Elon Musk.

Nevada corporate law is modeled (plagiarized from) on Delaware law and has only a decade of experience whilst Texas has jury trials. You do not want a jury trial if you are a public company.

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01/16/22

Electric Vehicles Heating Up

The Age of the Electric Vehicle is upon us in case you have been asleep, Rip Van Tesla.

EV is no longer a novelty racket run by a guy with a joint in his hand named Elon Musk and Tesla. Everybody is getting in the game.

Ford Motor Company, founded in 1903 in Detroit, Michigan by Henry Ford, is in the game. Continue reading →

01/9/22

Electric Vehicles — the Dirty Little Secret

We are on the verge of great changes in the EV space. More car manufacturers are delivering actual units, more charging stations, and older vehicles are getting enough miles to smoke out the idiosyncrasies of EVs.

Mercedes Benz concept car the Vision EQXX that will be able to run 650 miles between charges. Game changer?

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10/8/21

Tesla Makes It Official — HQ Is Moving To Austin By God Texas

Yawn! You knew it was going to happen. It was always in the cards and now the hand is dealt. Cards are face up.

First, the Gigafactory for the new Tesla pickup and now this. A couple of other Musk companies along the way.

Austin By God Texas is to be the new home of the Tesla headquarters according to the man himself, Elon Musk — who also moved to Austin earlier last year.

Austin By God Texas, where the world is moving. No income tax, y’all.

But, hey, what the Hell do I really know anyway? I’m just a Big Red Car.

The_Kiss

Austin and Elon Musk, a match made in Texas. Thanks, California.

12/3/20

COVID Exposes The Weaknesses

Business environments are impacted by laws, regulation, and leadership. This happens at the state level.

The business environment in, say, New York and California is different than the business environment in Texas.

COVID and the pressure upon Governors — the CEOs of their states — to steward the business environment in their states whilst simultaneously dealing with the pandemic has accentuated differences in state leadership and regulation.

These differences have triggered meaningful mobility amongst companies and investors.

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08/31/20

The Murky Science Of Stock Splits

Today, two things happened:

 1. Apple split its stock in a 4:1 ratio.

You owned a single share of Apple yesterday at $500. Today, you own 4 shares at an initial value of $125.

 2. Tesla split its stock in a 5:1 split.

Yesterday, you owned a single share of Tesla valued at $2,200 and today, you will own 5 shares valued at $440/each.

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07/23/20

Tesla and Austin By God Texas For The Win!

Old news already here in the People’s Republic of Austin, but maybe you haven’t heard: Elon Musk has picked Austin By God Texas for the next Gigafactory at which to build the new Tesla Truck.

Hook ’em, Tesla!

Elon had NOT been smoking anything when he made the announcement and he thanked Tulsa, Oklahoma for making a pitch to keep the Austin pitch real.

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02/14/20

Elon Musk — Quick Trigger Capitalist

I am a huge fan of the core businessman Elon Musk. Not so much on him personally. Very skeptical on Tesla.

Having said that, I rise to applaud Elon Musk (I was going to call him “Elon” like he and I are pals, but we’re not) for being quick on the draw as it relates to using the current uptick in Tesla stock as a means to raise additional capital in a secondary offering.

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