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.

  • Kekzkrieger@feddit.org
    link
    fedilink
    English
    arrow-up
    16
    ·
    5 days ago

    If this isn’t the best signal to you that nothing fucking matters at all and the share market is totally and utterly only some random imagination thing then i dont know what is.

    Tesla sale goes down but stock price still up. CEO is one of the reasons it does and he gets rewarded for it.

    Clownshow for sure