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Tesla's ad spend on X has shrunk to almost nothing
TechCrunch· 2025-09-05 17:00
Advertising Expenditure - Tesla spent $400,000 on advertising on Elon Musk's social media platform X in 2024, but is projected to spend only $60,000 in 2025 unless there is a significant increase in advertising efforts [1][2] - In the first two months of 2025, Tesla spent $10,000 on X ads, compared to $200,000 spent during the same period in 2024 [2] Advertising Strategy - Tesla had not engaged in advertising until CEO Elon Musk responded to shareholder pressure in 2023, leading to ads appearing on Google and YouTube in late 2023 and early 2024 [3] Active Advertisements - As of February 2025, Tesla has around 700 active advertisements across Google's platforms, although it is unclear if spending has increased since then [4] Expenses Related to Musk's Companies - Tesla paid SpaceX approximately $800,000 for the use of a private jet in 2024, but only $40,000 through February 2025, indicating a potential reduction in this expense [5] - Tesla paid a security company owned by Musk $2.8 million in 2024, an increase from $2.4 million in 2023, with $500,000 paid through February 2025 [6] - The largest transaction between Musk's companies was xAI paying Tesla $198.3 million for Megapack battery storage products, with an additional $36.8 million paid through the first two months of 2025 [6] Related Business Activities - Tesla paid Kimbal Musk's drone company, Nova Sky Stories, $300,000 for a show at the automaker's "We, Robot" event in October 2024 [9]
Dedicated to choice: Porsche customers gain access to the Tesla Supercharger network
GlobeNewswire News Room· 2025-09-05 16:12
Core Points - Porsche is enhancing the electric vehicle ownership experience by providing access to the Tesla Supercharger network, allowing Porsche owners to utilize 23,500 charging stations in North America starting September 9, 2025 [1][2] Group 1: Adapter Program - Porsche customers will receive a NACS DC adapter to access Tesla Superchargers, with new Model Year 2026 Taycan and Macan Electric models including the adapter at no extra cost [3] - Existing Model Year 2025 Taycan and all Macan Electric customers are eligible for a complimentary adapter, with notifications sent via My Porsche [3] - Model Year 2024 and older Taycan customers can purchase the adapter for $250 from the Porsche Online Shop and local Porsche Centres [4] Group 2: Charging Process - The soft launch allows Porsche customers to access Tesla Superchargers using the Tesla app, with full operational features expected in the coming months [5] - Customers will need to download the Tesla app to activate Supercharger stations and can use the My Porsche app for other charging stations [6] Group 3: Charge Planning Software - All Model Year 2026 Taycan and Macan Electric variants will include navigation features for locating additional chargers, with updates for Model Year 2024 and 2025 Macan Electric models expected by year-end [7]
5 major takeaways from Tesla's $1 trillion pay package proposal for Elon Musk
Business Insider· 2025-09-05 15:27
Tesla has unveiled a new pay package for Elon Musk that could turn the world's richest man into the first trillionaire.The EV giant announced on Friday that it would submit the enormous new compensation plan, which requires the Tesla CEO to boost the company's valuation to $8.5 trillion, for shareholder approval in November. The proposed pay package is unprecedented in both its size and the scale at which Tesla will have to grow for Musk to achieve it.Here are five takeaways from what could end up being ...
Tesla proposes $1trn pay package for Elon Musk - but there are conditions
Sky News· 2025-09-05 15:19
Group 1 - The core proposal involves Elon Musk potentially receiving a pay award of approximately $1 trillion over the next decade, contingent on achieving specific performance targets [1][2] - Musk would not receive a salary or bonus but would earn company shares based on ambitious goals related to Tesla's market share, sales, revenue, and overall company value [2][3] - To unlock the share tranches, Tesla must reach a market valuation of $2 trillion and deliver 20 million vehicles, which is nearly double its current valuation and delivery numbers [3][4] Group 2 - Over the next decade, Tesla would need to achieve a valuation of around $7.5 trillion, which is nearly eight times its current worth, and deliver fewer than two million vehicles in 2024 [4] - The delivery targets also include having one million robotaxis in commercial operation and delivering one million artificial intelligence bots [5] - Musk must remain with Tesla for at least 7.5 years to cash out on any stock and 10 years to earn the full amount of the proposed award [5][7] Group 3 - The final tranches of the plan require Musk to develop a succession plan for his CEO role, and he would gain additional voting rights within Tesla [7] - Investors are set to vote on this proposal at Tesla's annual shareholders meeting on November 6 [8] - Recently, the Tesla board approved a $29 billion share award to Musk after a court blocked a previous package worth nearly double that amount [8]
TSLA stock rises after Tesla's massive $1 trillion package to Elon Musk
Finbold· 2025-09-05 14:48
Core Viewpoint - Tesla's share price is experiencing an increase following the announcement of a new compensation package for CEO Elon Musk, which could potentially be valued at around $1 trillion, marking it as the largest executive pay package in corporate history [1][5]. Group 1: Stock Performance - By press time, TSLA stock was trading at $354, reflecting an increase of approximately 4.5% for the day [3]. - The proposed compensation plan is expected to significantly influence investor sentiment and stock performance [5]. Group 2: Compensation Package Details - The compensation plan is structured to retain Musk for the next decade and includes ambitious performance targets, primarily focusing on the expansion of Tesla's robotaxi business and a substantial increase in market value [6]. - To fully unlock the payout, Tesla's market capitalization must rise from about $1 trillion today to at least $8.5 trillion over the next decade [6]. Group 3: Impact on Musk's Ownership - If the compensation package is fully realized, it could increase Musk's ownership stake in Tesla to at least 25%, aligning his compensation with aggressive growth targets [7]. - The plan aims to reshape Tesla's future by tying Musk's financial incentives to performance metrics [7]. Group 4: Market Expectations and Challenges - The unprecedented size of the proposed package indicates high expectations for Tesla's next growth phase [8]. - The package may also reinforce Musk's position within the company amid shareholder concerns regarding his political involvement and challenges from slowing sales and competition, particularly from Chinese manufacturers [8].
Tesla Master Plan IV: Does It Really Change TSLA's Investment Case?
ZACKS· 2025-09-05 14:46
Key Takeaways Tesla unveiled Master Plan IV, centered on AI, robotics, autonomy and energy growth.TSLA faces declining deliveries and shrinking share as rivals like BYD gain ground.Q2 revenues dropped at the sharpest pace in a decade, while shares fell 16% year to date.Tesla (TSLA) disrupted the auto industry with its electric vehicles (EVs), but it no longer holds the first-mover advantage. The EV space has become increasingly crowded, competition is intensifying, and Tesla’s market share is shrinking. Ami ...
Tesla offers massive $1 trillion pay package to Elon Musk
Fox Business· 2025-09-05 14:35
Core Points - Tesla's board proposed a new compensation plan for CEO Elon Musk potentially worth $1 trillion, which would be the largest executive pay package in history [1][2] - The proposal includes up to 12% of Tesla's stock, contingent on achieving aggressive targets, including a market capitalization of $8.5 trillion over a 10-year period [2][6] - Tesla's current market value is approximately $1.1 trillion, and Musk currently owns about 13% of the company's outstanding shares [2][6] Compensation Details - The compensation plan is structured as restricted stock grants, meaning Musk cannot sell the shares immediately [2] - The board emphasized that Musk's leadership is crucial for Tesla to navigate significant challenges and achieve its ambitious goals [5] - The plan is also justified by the fact that Musk has not received meaningful compensation since 2017, despite Tesla's market capitalization increasing over 20 times since March 2018 [6] Performance Targets - Musk's payout is tied to ambitious targets, including delivering 20 million Tesla vehicles by 2035 and launching 1 million robotaxis into commercial service [7] - Additionally, Tesla must achieve $400 billion in adjusted EBITDA, a significant increase from the $16.6 billion achieved in 2024 [8] Market Reaction - Following the announcement of the compensation plan, Tesla shares rose, indicating positive market sentiment [10] - This proposal follows a previous $29 billion pay deal aimed at retaining Musk as CEO during a transition from electric vehicles to robotaxis and humanoid robots [11] Legal Context - The company also issued an interim award of 96 million new shares as a "good faith" payment related to a previously struck down $50 billion pay package from 2018 [13] - Musk's ability to claim these shares is contingent on remaining a top executive for another two years and the outcome of an ongoing court appeal regarding the 2018 package [14]
Tesla proposes up to $1T pay package for CEO Elon Musk
Proactiveinvestors NA· 2025-09-05 14:34
Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company has a team of experienced and qualified news journalists who produce independent content [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The news team delivers insights across various sectors including biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]
Tesla shareholders to vote on investing in Musk's AI startup xAI
TechCrunch· 2025-09-05 14:23
Core Viewpoint - Tesla shareholders will vote on a proposal to invest in Elon Musk's AI startup xAI, aimed at enhancing Tesla's AI, robotics, and energy ambitions [1] Group 1: Investment Proposal - The proposal for Tesla to invest in xAI is presented by shareholder Stephen Hawk, who believes it will secure access to advanced AI capabilities and drive shareholder value [1] - If approved, this would mark Tesla's second investment in Musk's companies, following SpaceX's commitment of $2 billion to xAI as part of a $5 billion equity raise [3] - Some shareholders view xAI as a competitor to Tesla, raising concerns about potential conflicts of interest [3] Group 2: Current Challenges - Tesla is facing challenges with declining EV sales and a slow rollout of its robotaxi service, prompting a shift in focus towards AI initiatives [4] - The company is attempting to redirect investor attention from these challenges to its AI efforts, including autonomous vehicles and the Optimus humanoid robot [4] Group 3: Executive Compensation - Alongside the investment proposal, shareholders will also vote on a new 10-year compensation plan for Musk, which could increase his control over Tesla to more than 25% [5] - The new compensation plan aims to tie Musk's pay to ambitious benchmarks, including increasing Tesla's market value from approximately $1 trillion to over $8 trillion [7] Group 4: Market Potential - Analysts suggest that achieving an $8 trillion market cap may require the integration of xAI, as current offerings like Full Self-Driving and robotaxi services may not suffice [8] - The excitement surrounding the potential collaboration between Tesla and xAI could positively influence Tesla's valuation and shareholder returns [10]
Dedicated to choice: Porsche owners can now access the Tesla Supercharger network
GlobeNewswire News Room· 2025-09-05 14:19
Core Points - Porsche is launching access to the Tesla Supercharger network for its customers, allowing them to use 23,500 charging stations in North America starting September 9, 2025 [1] - The access will be facilitated through a Porsche-supplied NACS DC adapter, with initial usage through the Tesla app, and further integration with the My Porsche app expected in the coming months [2][5] - New model year 2026 Porsche Taycan and Macan Electric models will include the NACS DC adapter at no extra cost, while existing owners of model year 2025 Taycan and Macan Electric can receive it for free [3][4] Charging Infrastructure - Model year 2024 and older Taycan customers can purchase the NACS DC adapter for $185, enabling charging at CCS-equipped stations, including select Tesla Superchargers [4] - The soft launch allows customers to access the Tesla Supercharger network ahead of a full operational launch, which will include enhanced features like plug & charge capability [5] Software and Navigation - All model year 2026 Taycan and Macan Electric variants will feature navigation software that incorporates the location of additional chargers, with updates for earlier models planned before the end of the year [7]