News@lemmy.worldEnglish · 3 days ago

Tesla awards CEO Musk millions in shares valued at about $29 billion

abcnews.go.com

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503

Tesla awards CEO Musk millions in shares valued at about $29 billion

abcnews.go.com

MicroWave@lemmy.world to

News@lemmy.worldEnglish · 3 days ago

122

Tesla is awarding CEO Elon Musk 96 million shares of restricted stock valued at approximately $29 billion, just six months after a judge ordered the company to revoke his massive pay package

Tesla is awarding CEO Elon Musk 96 million shares of restricted stock valued at approximately $29 billion, just six months after a judge ordered the company to revoke his massive pay package.

The electric vehicle maker said in a regulatory filing on Monday that Musk must first pay Tesla $23.34 per share of restricted stock that vests, which is equal to the exercise price per share of the 2018 pay package that was awarded to the company’s CEO.

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3 days ago
The money aspect doesn’t mean much to him. What he wanted is more control of Tesla, so he can do even stupider shit with the company.

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