Elon Musk on why everyone at his companies gets stock:
He highlighted that thousands of Tesla production line workers who joined early likely now have stock worth over $1 million each.
True ownership culture. 🚀
ELON MUSK: “I’ve always had the philosophy that everyone at the company should receive stock in the company so that they can participate in the upside of the company. And it’s great for aligning incentives as well, so as the company prospers, the people at the company also prosper. So that’s just been my philosophy from day one: make sure everyone gets stock in the company. There are, I think, several thousand people, not just one welder, but several thousand people, who were working on the production line. And if they started at the company relatively early, then probably their stock is worth over a million dollars at this point.”