Tesla approves 96 million share award to CEO Elon Musk

Tesla approves 96 million share award to CEO Elon Musk

Musk must pay Tesla $23.34 per share of restricted stock that vests, which is equal to the exercise price per share of the 2018 CEO Award, it said in the filing. In 2024, a Delaware court voided Musk’s 2018 compensation package, valued at over $50 billion, citing that the Tesla board’s approval process was flawed and unfair to shareholders. Earlier this year, the EV maker said the board had formed a special committee to consider some compensation matters involving Musk, without disclosing any de

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