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.

  • @[email protected]
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    11 days ago

    About that…

    The highest fatal accident rate among all car brands…

    https://www.roadandtrack.com/news/a62919131/tesla-has-highest-fatal-accident-rate-of-all-auto-brands-study/

    So you have real world data vs crash test data. I know which one I would pay attention to.

    In fairness this is largely based on how drivers use them, but we have seen people over trust the system and get into trouble. We also have seen autopilot make some serious mistakes. We also seem to have a cover up to shift blame back to the driver.

    • bitwolf
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      1111 days ago

      It is also noteworthy that Musk silenced the NHTSA investigation into Tesla safety. There was a lot of information and research towards how unsafe they are but it’s all gone now.

    • @[email protected]
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      111 days ago

      The discrepancy is certainly interesting. I guess that would imply that Tesla drivers tend to drive like assholes.

      • @[email protected]
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        411 days ago

        Or the technology is not as robust as they market it to be and gets those drivers in trouble. Or maybe both.