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Monday, Tesla granted to the CEO Elon Musk A new remuneration agreement of $ 29 billion aimed at maintaining the billionaire entrepreneur at the helm while the company pivots his company of electric vehicles in difficulty in robotaxis and humanoid robots.
The company described the “temporary price” of 96 million new shares as a “good faith” payment to honor the remuneration package of more than $ 50 billion in 2018 which was canceled by a Delaware court last year.
Under the terms of the sentence, Musk can claim actions if there is a Top frame in Tesla For additional two years and a court does not restore the 2018 package which is currently on appeal.
Musk must also hold the shares for five years and can buy them for $ 23.34 per share, the same as the exercise price of its 2018 price.
Teslas continues to be vandalized despite the benefits of the CEO Elon Musk with the White House
The 2018 Tesla CEO 2018 CEO package, Elon Musk, assessed at more than $ 50 billion, is currently the subject of an ongoing legal battle. (Jamie Kelter Davis / Bloomberg via Getty Images / Getty Images)
Tesla also plans to offer a Compensation for CEOs Plan at its annual investor meeting on November 6.
This decision is intended to keep Musk, the public face of Tesla and the architect of its Robotaxi strategy, focused on EV Maker As he undergoes a strategic pivot.
It also occurs in the middle of speculation that the patience of the Tesla Board with Musk could be thin due to the political activism of the billionaire and the tumultuous time to work with the Trump administration.
Musk gave $ 15 million to support Trump, the Republicans after separation from the White House, called for a new party of weeks later
| Teleprinter | Security | Last | Change | Change % |
|---|---|---|---|---|
| Tsla | Tesla inc. | 302.63 | -5.64 |
-1.83% |
Sales fell in the company in the middle of a hard competitive landscape and a range of stagnant vehicles.
Musk’s political involvement and its wider commercial empire – including artificial intelligence The startup XAI and the SpaceX space exploration company – also aroused concerns about its accent on Tesla, which is the main source of its wealth. He threatened to leave the business unless he no longer obtained control over Tesla.
Elon Musk Ally who worked on Doge leaves the government
The role of Elon Musk in the Trump administration sparked demonstrations against Tesla. (Win McNamee / Getty / Getty Images images)
With the New Stock Award, Musk’s participation in Tesla would go from its current level of 12.7%, the most important among shareholders, at 15%, according to reuters calculations based on data compiled by LSEG.
The decision to give Musk a greater control of the company’s board of directors always considers it as the best suited leader to meet the challenges of the company in the years to come.
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Before the subsidy on Monday, Musk had no active remuneration plan and Tesla said he had not received a significant salary since 2017.
The council said that with the legal struggle During the 2018 package which should continue, the temporary price is a way to keep Musk’s “extraordinary talent”.
Reuters contributed to this report.
