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.
Chair Jerome Powell says the Federal Reserve only expects to cut rates once in 2024. But at least, as one economist says, ‘rate hikes are off the table.’
With the Fed likely set to leave rates unchanged, lower and middle income Americans will continue dealing with higher credit card interest and expenses.