About the Author
Dave Lee is the founder and editor-in-chief at TeslaWeekly.
Dave has writing on Tesla since 2012, first at teslamotorsclub.com (under the profile name, DaveT) and later through his weekly email newsletter at TeslaWeekly.com.
Referral link for free supercharging on a new Model S/X: http://ts.la/david7556
disclosure: long TSLA
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Early today Tesla announced a new stock incentive plan for Elon Musk. Let’s take a deeper dive into the specifics and examine the pros and cons.
First we need to understand what the new stock incentive plan is about. According to Tesla “the performance award consists of a 10-year grant of stock options that vests in 12 tranches. Each of the 12 tranches vests only if a pair of milestones are both met.” Basically, this stock plan expires in 2028 and has 12 stages or “tranches”.
Investor Jason Calacanis has been driving his Model 3 for 6 months. And in response to a raving LA Times review of the Model 3, Jason called the Model 3 “the best tech product since the iPhone”.
