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.
Every now and again I’ll browse through some used Teslas, and occasionally see one that looks like a great deal.
Even justifying it by saying “Buying a used Tesla, no money goes to Elon”, I just can’t bring myself to seriously consider owning one. It just feels icky, and I don’t want to even be remotely associated.
He still makes money off the monthly subscription fees, especially from the idiots stupid enough to pay for FSD
Be careful. You may suddenly need to drop 20k+ on a failing battery if you buy them used.
Yeah this is a huge reason I haven’t considered buying an electric car; I want to keep it for over ten years, but don’t want to deal with that huge expense.
Agreed, I’ve been waiting for the next leap in battery technology. Ideally solid state batteries.
I’ll run my car into the ground while I wait.