Tesla’s sales head to receive $700K payout on meeting certain targets
Tesla Motors global sales and service president Jon McNeill will receive $700,000 if he meets certain targets for this year, the electric carmaker announced on Wednesday.
The renowned electric carmaker said that under his incentive compensation plan, McNeill will get the above-mentioned amount in case he meets vehicle delivery target during the second half (Q3 and Q4) of 2017.
The company added that the payout will also take into account operational as well as financial metrics with regard to vehicle service performance, in addition to costs and client satisfaction scores during the current year.
The compensation will be made in either in cash or in stock options. It may also include restricted stock units.
Earlier this month, CEO Elon Musk warned that Tesla could face months of “manufacturing hell” as it boosts production of its newly launched Model 3 e-car.
Tesla faces a big challenge as it ramps up service for all new cars while continuing to produce its previous models, viz. Model X and Model S.
The process of charging an electric car takes much longer than the conventional process of refueling vehicles with gasoline.
Following Hurricane Irma, normal operations at PortMiami, Fort Lauderdale's Port Everglades and Port Canaveral quickly resumed, but major cruise lines are facing months of disruptions to routes including stoppages at Eastern Caribbean islands that
Following an unanticipated upturn in economic activity in September, the eurozone economy is widely expected to be on track for the best quarter since 2015.
Elon Musk-led electric carmaker Tesla Motors has confirmed that it will discontinue its cheapest version of its Model S e-car, the rear-wheel-drive S60, on coming Sunday.
Motorola’s parent firm Lenovo recently announced the launch of the Moto G5S and G5S Plus smartphones in several markets. The company will shortly share its plan for worldwide launch.
Luxury vehicle maker Volvo has just introduced the 2018 XC40, the company’s latest SUV that looks forward to compete with the Porsche Macan or Range Rover Evoque.