1:11AM EDT - Tesla confirmed last week that it plans to start producing a high-volume Model X SUV within 12-18 months according to Chief Financial Officer Deepak Ahuja on “The Early Show” on May 1. 1:11AM EDT - Tesla will start mass production of its all-electric Model S car with its first 100k Model S batteries in July 2016 according to CEO Elon Musk, reports a New York Post. 1:10AM EDT - Tesla is expected to begin full-scale production of Model X in July 2016 and is aiming for 1,500 to 2,500 vehicles for delivery in September 2016 according to an analyst report , and the automaker has also set a target date of 1,500 in January 2016, reports Reuters. 1:10AM EDT - Tesla on Friday told employees to expect furloughs but car production is expected to resume May 4. 1:08AM EDT - Tesla unveiled its new “Super Charger” - its first plug-in electric charger will go into production later this month in conjunction with the launch of its Autopilot software. 1:08AM EDT - Tesla’s Model 3 could hit the market by summer , according to CFO Jason Wheeler, who was answering questions during a presentation. 1:02AM EDT - Tesla’s Model X SUV has a planned base price of about $50,000.
Forbes recently estimated that Musk earns roughly $20 million per year, so his pay rises by about 15% after taxes and other basic expenses, so a good chunk of that would be paid by investors buying Tesla stock.
The rest would be paid out in dividends and capital gains. That makes this investment well beyond Musk’s standard return.
The Wall Street Journal reported earlier this week that Musk was considering selling shares of Tesla stock while continuing to hold onto a sizable ownership stake at Tesla. That would have also increased Tesla’s dividend pay-out, but would have also given more downside risk since it now had to show positive margins while making the money from the sale of shares. But when Musk announced the deal, Tesla said that it would be “vital” for him to keep his ownership stake.
Bobby Flay’s book, A Thousand Quarters , is a look at the life and death of one of the best punters of the 20th century, and the first ever professional hockey player. He was the first person to score in both the United States and Canadian professional sports and played in several leagues.
His book is available on Amazon and the Kindle.