Tesla approves shares worth $US29 billion to Elon Musk
Tesla gave CEO Elon Musk about $ 29 billion (45 billion dollars), 96 million, which aims to keep the billionaire entrepreneurs in the rudder while struggling with a court decision that invalidates the original wage agreement because it was unfair to the shareholders.
In 2024, a Delaware court invalidated Musk’s 2018 compensation package, stating that the approval process of the Tesla Board of Directors was unfair for the defective and shareholders.
In March, Musk applied for appeal against the order and claimed that the sub -court judge had made more than one legal mistake in the cancellation of record compensation.
Earlier this year, the home manufacturer said that the Board created a special committee to consider some compensation issues regarding Musk without any detail.
Tesla, with a 13 percent shareholder, is a turning point at a turning point, focusing on Robotaxis and humanoid robots from a promised home platform and positions the company as more AI and robotic company than the automobile manufacturer.
“While noticing Elon’s business initiatives, interests, and other potential demands in his attention, he said in a private committee’s file, wide and comprehensive.
The award was designed to gradually increase Musk’s voting power, and something that he and his shareholders constantly say is the key to focusing on Tesla’s mission.
Musk said in the file, the vests that are equal to the exercise price of the 2018 CEO award should pay $ 23.34 per share.
Tesla’s shares have lost about one quarter of this year’s value, because the company is struggling with a decline in sales by the aging vehicle series, Zorlu competition and the political stances of Musk’s political stances that alienate some potential buyers.
The challenges worsened by the US government’s interruptions to the homes, Musk says that the decreasing subsidies may lead to a “several rude neighborhoods for the company before a wave of income obtained from their own driving software and services.
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