Tesla CEO Elon Musk could soon be getting a $56 billion payday with company shareholders set to vote on his compensation package Thursday. The investors could also approve a move of Tesla's legal headquarters from Delaware to Texas. Alan Ohnsman, a
Elon Musk seemingly welcomed the idea of a new performance-based compensation plan for his work as Chief Executive Officer (CEO) at Tesla. Musk’s sentiments were shared in a post on X, the social media platform formerly known as Twitter, as a response to Tesla supporters who were highlighti...
A judge in the US state of Delaware voided the US$56 billion compensation package of Tesla Chief Executive Elon Musk on Tuesday, siding with a shareholder who claimed the entrepreneur was overpaid. The judge in Delaware Chancery ...
Elon Musk seemingly welcomed the idea of a new performance-based compensation plan for his work as Chief Executive Officer (CEO) at Tesla. Musk’s sentiments were shared in a post on X, the social media platform formerly known as Twitter, as a response to Tesla supporters who were ...
Electric-car maker Tesla (NASDAQ: TSLA) has announced a new compensation package for CEO Elon Musk, one that is intended to retain him for at.
He then went on launch a poll asking if he should incorporate Tesla in Texas, where the company's largest physical presence is. During a trial in November 2022, Mr Musk denied that he dictated terms of the compensation package or attended any meetings at which the plan was discussed by the...
In 2018, Tesla estimated the value of Musk's compensation package at $2.28 billion. But its value has grown as Tesla's stock price increased. Under the plan, Musk would receive stock options each time Tesla's market value rose by $50 billion. That means Musk would have the chance to bu...
"Was the richest person in the world overpaid? The stockholder plaintiff in this derivative lawsuit says so. He claims that Tesla, Inc.'s directors breached their fiduciary duties by awarding Elon Musk a performance-based equity-compensation Plan." ...
Supporters of the plan included Scottish investment firm Baillie Gifford and long-time Tesla investor Ron Baron, who stated in an open letter that Tesla would not exist without Musk. The compensation plan allowed Musk to receive up to $55.8 billion in stock options if Tesla met certain milestone...
Tesla shareholders will vote on Elon Musk’s massive $56 billion pay package after a Delaware judge voided the first one. And this time, Musk is leaving nothing to chance.