Aaron Cole, managing editor at Motor Authority, discusses Tesla's announcement that Elon Musk's performance-based pay plan as CEO will not allow him to receive a paycheck until he delivers on company growth goals.
The ambitious company targets will try to have Tesla nearly double in size over the next 12 years. If Musk delivers on all goals, his stock options alone will rise to $184 million dollars.
With the Fed likely set to leave rates unchanged, lower and middle income Americans will continue dealing with higher credit card interest and expenses.
Markets soared in May after Nvidia’s Q1 success, but concerns over slowing consumer spending, especially among middle—and lower-income groups, loom large.
The U.S. economy added 272,000 jobs in May, far more than expected. But that number doesn't tell the whole story. Interest rate cuts could still be on the way.
