Re:Elon Musk on Remote Work
by jklinger410 on Wednesday June 01, 2022 @11:20AM
(#31583141)
> I cant say that still translates to today's workers, but if his vision is that there is still just as much room to grow - then he would be making a lot more millionaires if he is correct.
Therein lies the rub, as they say. He may have spun off millionaires based on original investors, and maybe a few early employees forwent salary for stock options and became millionaires.
But we're talking about hard workers who put in over 40 hours a week currently. Are they working for stock options that are going to make them millionaires?
Re:Elon Musk on Remote Work
by cupofpython on Wednesday June 01, 2022 @01:56PM
(#31585569)
> Are they working for stock options that are going to make them millionaires?
Maybe, maybe not. But now they are working for a well known company that looks good on a resume, and I have no reason to believe they are not being paid fairly for their work.
Seems comparable to the big law firms. those might be worse tbh. Do it for the experience and Resume, then get out.
Tesla IPO'd in 2010 with 13.3 million shares
Tesla had a bit under 1000 employees in 2010
Tesla stock price was $17 in 2010
Tesla had a 5-for-1 stock split in August 2020
Tesla Stock price is $748 a share today
1 share of Tesla in 2010 is equal to $3,740 today
It would take 268 shares of Tesla from 2010 to be a millionaire today. that's $4,556.
Elon's success with Tesla should have produced at least 1,000 millionaires if his early employees believed in the product.
I cant say that still translates to today's workers, but if his vision is that there is still just as much room to grow - then he would be making a lot more millionaires if he is correct. Even amongst todays newer employees. Idk if I would bet on that growth at this point since it is already a household name now and it wasnt before, but I have no actual reason to think one way or the other