The chief executive officer of Tesla and SpaceX, Elon Musk, has made some allegations about this issue and has mandated all the staff at x to submit just one page of what they have achieved to deserve stock allocations, as reported by The Verge.
An email message was sent to employees to inform them that stock options would be granted depending on a number of factors, including the expected contribution by the employee.
This requirement means that employees must be very vocal, especially when making applications for their shares. The stock option scheme is also another problem, where Musk earlier that employees could easily cash out their stock, just like in SpaceX, which to date has not been implemented.
The condition at X is getting worse, as evidenced by late promotions and a series of resignations of long-serving employees. Informants have also shown that the staff members have not been given an equity refresher, as a yearly tradition, since April earlier this year.
Employment attorney Lori Deem also shared her thoughts on the subject, noting that the situation could become problematic while it is legal to require a performance summary for the stock options. Usually, such reward instruments are issued with reference to specific performance indicators in order to avoid discrimination.
Last year, Musk told X employees that improving the platform would require ‘extremely hardcore’ working hours. Other researchers have mentioned that the staff complains about the pressure to perform according to aggressive goals, and some of them quipped that this pressure is visible in their increased pulse rates.
Tesla, which has been facing many difficulties, recently saw the resignation of executives, including the ex-VP of Tesla Venkataratnam and senior VP Drew Baglino.
