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.
Tesla is a dictatorship. When the world’s richest dickhead invested so heavily in Tesla after Martin Eberhard and Marc Tarpenning founded it, what he bought was control over Tesla’s entire future. He, in that moment, became Tesla’s board of directors. This payout of shares to incentivize him to stay isn’t what that really is. It’s himself, god emperor of Tesla, giving himself a higher percentage of control over the company. He’s making it harder for any other ownership group of the company to oust him. He’s entrenching himself deeper to ensure the enrichment machine continues to benefit him specifically.