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.

  • teslasaur@lemmy.world
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    6 days ago

    “While we recognize Elon’s business ventures, interests and other potential demands on his time and attention are extensive and wide-ranging … we are confident that this award will incentivize Elon to remain at Tesla,” the committee said in a regulatory filing on Monday.

    But… that moron is the reason the stock is tanking and people shifting to other manufacturers. Why in the flying fuck would they PAY to keep him. What kind of a cult are they running.

    • Zeppo@sh.itjust.works
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      6 days ago

      a cult where he entirely controls the board, which is contrary to how large corporations are supposed to work

    • NuXCOM_90Percent@lemmy.zip
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      6 days ago

      They “ran the numbers” and decided he was still more valuable as the genius face of the company (that continually shits on the name of Nikola Tesla… which is actually saying a lot since homeboy clearly drank a lot of lead paint) than as someone actively trying to destroy the company. Err, actively trying to destroy the company he no longer has a financial interest in.

      Increasingly, the teslacorp consumerbase is just nazis and tech bros who don’t want to admit they are nazis. If musk were to get up on stage and start reading /r/cyberstuck or whatever, it would very much zero out that stock.

    • Zephorah@discuss.online
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      6 days ago

      He probably has dirt on them. He posted to Twitter as if he had personally read the Epstein Files. In addition, he’s pawed through the most private of our government data.

      If anyone could have dirt on Tesla shareholders, it would be Elon after his walk through all of America’s data. And, possibly, the Epstein Files.

    • ChickenLadyLovesLife@lemmy.world
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      5 days ago

      other potential demands on his time and attention

      Musk has claimed to work 100 hours a week. But: he’s the CEO of five companies. If his hours claim is true (lol), that means being the CEO of just one company is a 20-hour-a-week job. CEO is a part-time gig!

    • vga@sopuli.xyz
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      5 days ago

      Tesla stock is not tanking. Their cars are still selling all over the world.