Tesla CEO Elon Musk The temporary payment package was awarded to the company’s 96 million shares over the weekend. The stock is worth approximately $2.9 billion.
Tesla in stock Monday climbed about 2%.
The company is Register Sunday Payment package As long as Musk continues to be like CEO or other major executive positions, he will be accrued within two years.
If Musk can exercise a larger compensation package, the new award will be confiscated, and if Musk’s salary is $56 billion, Musk’s compensation will end.
In January, Prime Minister Katherine McCormick up the previous ruling in the case, Tornetta v. Muskthe compensation plan is improperly approved. Tesla shareholders approved the salary package in June 2024.
The case is now before the Delaware Supreme Court.
Musk’s 2018 compensation plan includes a set of performance goals achieved for the company.
The judge called it “the biggest potential compensation opportunity ever in the public market”, she said, 33 times the closest comparison of Musk’s previous compensation package.
