Elon Musk is interviewed connected CNBC from the Tesla office successful Texas.
CNBC
Tesla disclosed successful a filing connected Monday that it has awarded CEO Elon Musk 96 cardinal shares of the company, worthy astir $29 billion.
Musk indispensable wage Tesla $23.34 per stock of restricted banal that vests, which is adjacent to the workout terms per stock of the 2018 CEO Award, it said successful the filing.
In 2024, a Delaware tribunal voided Musk's 2018 compensation package, valued astatine implicit $50 billion, citing that the Tesla board's support process was flawed and unfair to shareholders.
Musk kicked disconnected an entreaty successful March against the order, claiming a little tribunal justice made aggregate ineligible errors successful rescinding the grounds compensation. Earlier this year, the EV shaper said the committee had formed a peculiar committee to see immoderate compensation matters involving Musk, without disclosing immoderate details.
Tesla is astatine a turning constituent arsenic Musk, its largest shareholder with a 13% stake, shifts absorption from a promised affordable EV level to robotaxis and humanoid robots, positioning the institution much arsenic an AI and robotics steadfast than an automaker.
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