Tesla awards CEO Musk millions of shares valued at about $29bn
Tesla is awarding CEO Elon Musk 96 million shares of restricted stock valued at approximately $29bn (€25bn), 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 Mr Musk must first pay Tesla $23.34 (€20.14) 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.
