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A comment on Elon Musk's $56B Tesla compensation voided by judge. Parent comment

Re:Elon Musk's $56B Tesla compensation voided by judge by zimpenfish on Wednesday January 31, 2024 @09:41AM (#39204329)
> That's a $221 million loss in 2021

That was down to a one-off $800M lawsuit settlement. They technically made $580M profit in 2021.

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Re:Elon Musk's $56B Tesla compensation voided by judge by xcv123 on Wednesday January 31, 2024 @11:54AM (#39206057)
"Technically" that is a $221M loss in 2021.

In 2020 they lost $1.1 billion.

2018 and 2019 were the only profitable years in the 10 years prior to 2022 [0].

From 2018 to 2021 they nearly doubled the number of employees from 3920 to 7500 [1]. Jack Dorsey regretted it and apologized for over-hiring [2].

[0] https://www.statista.com/statistics/274563/annual-net-income...

[1] https://www.statista.com/statistics/272140/employees-of-twit...

[2] https://www.theguardian.com/technology/2022/nov/05/twitter-e...

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