Scary yes, motivating, probably not. Intel had their "Rant and Rave" review process and having worked with two guys that were in the BIOS group, they have just horrific stories. Intentional sabotage to avoid being in the bottom 10%, hiring new college grads so you could fire them for being "bottom 10%" so you could keep your core group, etc.Which makes sense, but would be scary and motivating at the same time. Hahaha.
I would sincerely hope SpaceX would implement that sort of thing in a much better way, but Intel has had more than it's share of defenders say "Hey, they made lots of money" as if somehow that excuses all (and mistakenly presumes they would have made less with a different review system).