Subject: Re: 13F : More Chevron
I never owned tsla , directly, either. Plus, I never believed a word Musk said because of the way the pay package was structured and disclosed , my choice. However, IF, a pay package is based on stock price or market cap, once it's achieved how can longs be damaged ? By definition , if he met the hurdles to earn the pay, all longs win too, no ?

Actually no. First, some the metrics were based on EBITA (earnings before everything that matter) hitting those targets didn't necessarily help the longs. But more importantly, Musk's stock grants diluted the value of existing shares, and by a non-trivial amount too. So they absolutely reduced the value of the longs' investment.