Teslas will be a rare collection car in the future, like the De Lorean DMC-12 and the 1948 Tucker sedan. Tesla is following the same path as the one run by those others indicated.
Not sure sure about that....
A great American company that just keeps getting better.
Tesla surpasses 300,000 vehicles produced, which leaves only one of the original 10 operational milestones unsatisfied.
"The 2012 Performance Award consisted of 10 equal vesting tranches, with a vesting schedule based entirely on the attainment of both operational and market capitalization milestones, as further detailed below. The 2012 Performance Award was designed to be an incentive for future performance that would take many years to achieve, if at all, and was a 100% at-risk performance award. Mr. Musk and the Board viewed the milestones as very challenging at the time the Board granted the 2012 Performance Award.
Under the 2012 Performance Award, each of the 10 vesting tranches requires that Tesla meet a combination of (i) an operational milestone achievement and (ii) a $4 billion increase in Tesla’s market capitalization. Consequently, the 2012 Performance Award would fully vest only if Tesla achieved a sustained market capitalization increase from $3.2 billion to $43.2 billion, and all 10 operational milestones described were achieved. Market capitalization for purposes of milestone achievement was determined based on a rolling six month historic average (based on trading days only). The market capitalization for a particular trading day is equal to the closing price multiplied by the outstanding shares of common stock as of the end of such trading day.
The 10 operational milestones for the 2012 Performance Award are:
Successful completion of the Model X Alpha Prototype;
Successful completion of the Model X Beta Prototype;
Completion of the first Model X Production Vehicle;
Successful completion of the Model 3 Alpha Prototype;
Successful completion of the Model 3 Beta Prototype;
Completion of the first Model 3 Production Vehicle;
Gross margin of 30% or more for four consecutive quarters;
Aggregate vehicle production of 100,000 vehicles;
Aggregate vehicle production of 200,000 vehicles; and
Aggregate vehicle production of 300,000 vehicles."