Tesla Awards Elon Musk $29 Billion in Shares Amid Criticism
Tesla has awarded Elon Musk $29 billion in shares to incentivize him to remain at the company, particularly amidst the intensifying competition for AI talent. This move comes as the company faces a court decision regarding Musk’s 2018 pay package. The board emphasized Musk’s crucial role in leading Tesla’s transformation into an AI and robotics-focused company. The carmaker says if Musk’s 2018 pay deal is reinstated, he will forfeit the latest share award to avoid a double-dip.
John Q. Hosedrinker