Report
David Whiston, CFA, CPA, CFE
EUR 101.80 For Business Accounts Only

Tesla's New Compensation Plan for Elon Musk Is Great for Shareholders

Tesla announced a new 10-year performance award program for CEO Elon Musk, pending shareholder approval. The plan has very aggressive market cap targets for Tesla’s stock of up to $650 billion and 16 milestones focused on revenue and adjusted EBITDA targets. The revenue targets are as large as $175 billion, or about 15 times annualized 2017 levels per Tesla’s proxy, and the adjusted EBITDA targets, which exclude stock-based compensation expense, are for as much as $14 billion, or 21 times annual...
Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
David Whiston, CFA, CPA, CFE

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