After a disastrous quarter that saw car shipments fall 13.5%, Elon Musk did not sugarcoat Tesla’s immediate prospects.
“We probably could have a few rough quarters,” Musk, facing an end of Biden-era EV tax credits, told investors and analysts.
It is a strange time, then, for Tesla’s board, led by chair Robyn Denholm, to approve a USD29 billion ($44 billion) pay package for Musk.
Just as the mercurial entrepreneur seems more interested in disrupting politics than advancing the automotive industry, the 96 million shares issued on Monday (US time) are designed to keep him tied to Tesla for the next two years.
