TeslaCEO Elon Musk believes a $150,000 investment in the electric car giant's shares could yield big returns for investors. On Tuesday, Cole Grinder, a user on the social media platform Musk echoed the statement in response to the post. "I think that's probably correct," the billionaire said.
Elon Musk to receive $29 billion in equity incentives as Tesla sales decline
Musk is about to receive more than 96 million Tesla shares as his CEO compensation award. The shares are worth more than $29 billion. However, this is still less than the $56 billion incentive package originally approved by Tesla's board of directors - which was blocked by a Delaware judge in 2024.
Despite receiving huge incentives, Tesla's sales are declining in several markets around the world. In European countries such as France and the United Kingdom, Tesla's July delivery volume each experienced double-digit percentage declines. Among them, only 987 vehicles were delivered in the British market, a year-on-year plunge of 60%.
Tesla's Robotaxi plan is questioned, rival BYD announces European expansion plan focusing on high-end market
Tesla's Robotaxi project has been criticized by analysts such as Future Fund LLC investor Gary Black, who noted that the electric car giant is not "the only company that can master autonomous driving technology." Meanwhile, Tesla announced it will expand its ride-hailing service in the San Francisco Bay Area. It’s worth noting, however, that this service is not a true Robotaxi, as there will always be a safety officer in the car. Tesla's rival BYD Co., Ltd. announced that it will strengthen its European presence by launching two major sub-brands, "Looking Up" and "Dengshi" in the European market next year.