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News@lemmy.worldEnglish · 6 days ago

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

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

MicroWave@lemmy.world to

News@lemmy.worldEnglish · 6 days ago

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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6 days ago
Normally I’d say yes, but I’ve been saying people should short Tesla for 7 years now, and if I’d stuck with that I’d be flat broke.
- MattTheProgrammer@lemmy.world
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  5 days ago
  I’m sure they’d find a way to keep manipulating it so that shorting it continues to be the losing play

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