Cheddar News

Tesla Will Ask Shareholders to Approve Musk Pay Package

2024-04-17

News from Tesla just out this morning, shareholders will be asked to approve CEO Elon Musk's 2018 pay package that has a potential worth of $55 billion. Initially, Musk received options to buy 303 million shares of Tesla at $23.34 Each as part of his pay package. It was worth $51 billion when a Delaware court threw out the pay package in January, but Tesla shares have since dropped in value, reducing the overall value to around $40 billion.

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Cheryl Doerr

04-18

why? he is destroying the company.

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