In a series of posts on X Monday night, Musk said that he would not want to grow Tesla to become a leader in artificial intelligence and robotics without a compensation plan that would give him ownership of around 25% of the company’s stock. That would be about double the roughly 13% stake he currently owns.
Just casually asking for a roughly 80 Billion dollar pay raise. But at this point would Tesla be better off without him?
In the world, but not in most western nations.
Edit: why the downvotes? If I wanted to buy a car from the number one brand in my nation, I couldn’t right now. BYD isn’t selling cars in the US. Moreover, their presence in Europe is still small.
They downvote you because that’s a very western-centric vision.
Additionally, a car manufacturer in one of your western nations, Volkswagen, is also one of the top EV manufacturers.
And nearly every other manufacturer like Hyundai, BMW, Mercedes and Ford are now making EVs too. So it’s not like there’s a shortage of non-Tesla EVs in the western.
All I’m saying that #1 is relative with car brands.
In Europe and the Americas, the Model Y is still king. By you’re right, VW group is catching up.
Right now BYD is killing it because they’re affordable and a brand that centered in the world’s largest auto market. Outside of China, BYDs numbers are very very different.
What makes the Y “king”?
Sales numbers https://www.statista.com/statistics/972845/electric-vehicles-leading-models-europe/
In Australia BYDs sell like hotcakes
https://www.whichcar.com.au/news/vfacts-2023-best-selling-electric-cars-australia-dec
Exactly. As the article says the growth of BYD is the biggest challenge to all other manufacturers. They are selling like hotcakes
Yup, just going back to the root of this thread. As that article states, even in Australia, Telsa is still “comfortably deliver[ing] the most electric vehicles of any brand.”
I wouldn’t be shocked if that flips in the coming years. Telsa has a toxic CEO which is bad for marketing, and many people question their attention to detail. But, going back to my original point, Telsa is still the number 1 brand in western countries by a very large margin.
Not trying to be a Tesla fanboy - I’m in camp Volvo / Polestar. I’m just presenting the numbers. BYD is crushing it because of their domestic sales.
I have a Kona Electric but I think my next car will be either a Polestar 2 if I can afford it or an EX30. Volvo/Polestar are doing things extremely well
If BYD was available in the US (and i’m certain BYD is looking into how to get here, probably the same trick Renault tried with Saturn and ultimately Mitsubishi) they would probably saturate the market, because at the very least, they’re affordable. Nobody in Detroit or Wolfsburg will make a cheap EV because Tesla spooked the market into being a luxury thing.