Drew Hambly

The starter kit includes everything needed for easy, permanent setup.

Oh, thanks, Ed.

So, you know, we can't predict what the market's going to do.

And we're evaluating pay packages.

We look at them vis-a-vis other comparable companies.

So let's say he does achieve all those goals, but say the market does as well, too.

Are we really paying for alpha or, you know, is that a market beta?

When we looked at the last eight years of returns, going back to when the original package was put into place,

Tesla was one of our best performers.

It wasn't our best, but it was in our top 10.

And then when we compared the annualized pay of the 96 million they want to give him in the restricted stock award that vests in two years, and then we looked at median pay of these other high performers in our portfolio, and that piece of the package alone is 73 times the median of other high performing companies and CEOs in our portfolio.

And we just thought that multiple gap was too high.

Well, we look back and at one point he owned 25% of the company and then sold off half of it.

And they've achieved goals with him being a 12 or 13% shareholder.

So I don't see diluting shareholders by another 12 or 13% changes the dynamic.

He also is a person with a huge stake in this company.

I don't see why he would want to do anything that would damage it.

So I don't

see why he needs any extra control over what he already has.

I mean, he and the board together own about 16% of the company.