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[email protected]English • 12 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

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[email protected]English • 12 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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1•11 days ago
The discrepancy is certainly interesting. I guess that would imply that Tesla drivers tend to drive like assholes.
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  4•11 days ago
  Or the technology is not as robust as they market it to be and gets those drivers in trouble. Or maybe both.

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