Tesla has announced on Monday that CEO Elone Musk’s shares are giving an amount of about $ 29 billion.
The new pay package for Tech Billowaire, including 96 million shares of restricted stock, was approved by the Tesla Board on Sunday, the company said in a regulator Admission,
The award comes exactly six months after a delaware judge ordered the company to repeal it. $ 56 billion pay package From 2018.
Musk appealed for the order in March. A month later, Tesla said in a regulatory filing that it was Faculture A special committee to see Musk’s compensation as CEO.
Creating this new compensation will ensure that Musk stayed as Tesla’s CEO for the next several years and reduced some Tesla shareholder concerns, according to Vesabash analyst Dan Evece.
“We believe that this grant will now be at least as the CEO of Tesla by 2030 and will remove an overhang on the stock,” Vesabash Securities analyst Dan Evece said in a research note. He said that the grant would motivate Musk to lead the company through “Inflation Point”, as Tesla said as an infection in an AI-first company, he said.
Large scale 2018 salary package equivalent
The electric vehicle manufacturer said in a regulatory filing on Monday that Musk would first have to pay $ 23.34 per share for the banned stock, which is equal to the exercise price of the 2018 pay package provided to the company’s CEO.
The payment package was then approved initially, a Tesla’s stockholder challenged it in a trial, leading to a legal demonstration.
In a 2024 judgment in a December judgment, Delaware Chancellor Cataline St. Jude McCormic confirmed the earlier decision that Tesla would have to cancel Musk’s multibilian-dollar pay package. He found that Musk engineer the landmark pay package Sham dialogue With the directors who were not independent.
At that time, McCormic also rejected equally unprecedented and massively. Fee request by plaintiff lawyersThose who argued that they were entitled to legal fees in the form of Tesla stock worth more than $ 5 billion. The judge said that the lawyers were entitled to a $ 345 million fee award.
Tesla Stock Tribals
Tesla’s shares have declined by 25% this year, roughly caused by a shock over Musk Relation With President Donald Trump. But Tesla also faces Intensive competition Both of the big contemporary automakers, and from China.
In its most recent quarter, Tesla reported that the quarterly profit fell from $ 1.39 billion to $ 409 million. The revenue also fell and the company also decreased with low expectations on Wall Street.
Last month, under pressure from shareholders, Tesla set a meeting of an annual shareholders for November to follow the law of the state of Texas.
A group of over 20 Tesla shareholders who have seen the Tesla share plumate, stated in a letter to the company that it needs to provide a minimum public notice of the annual meeting.
In Washington this year, after spending so much time in Washington, investors have become rapidly worried about the company’s trajectory, Trump has become one of the most prominent officials in administration. The efficiency of the government government as the head of the department, or overseeing Dogi Mass Federal Sorting.
