Tesla grants Elon Musk up to $30 billion in shares to secure his leadership
TL;DR Summary
Tesla's board approved a $29 billion share award to Elon Musk after a court invalidated his previous pay deal, aiming to incentivize his focus on Tesla amid political and market challenges. Musk will buy shares at the 2018 price, increasing his stake to about 15%, with the award intended to boost his voting power and commitment to Tesla's future.
- Tesla board awards $29bn of shares to Elon Musk The Guardian
- Tesla awards Musk $29 billion in shares with prior pay package in limbo CNBC
- Elon Musk awarded $29 billion pay package from Tesla CNN
- Elon Musk Gets $23.7 Billion Stock Award From Tesla to Stay ‘Focused’ The Wall Street Journal
- Elon Musk awarded $30 billion in bid to keep him at Tesla for years The Washington Post
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