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The closing stock price was $182.47 on June 13, 2024 (the date the shareholders voted again on the pay package). Multiplying those two figures gives $55.46 billion, which looks a lot like the $56 ...
Elon Musk's battle over his Tesla pay is entering a new phase. A Delaware judge ruled on Monday that Tesla's shareholder vote wasn't enough to pass Elon Musk's $55 billion compensation package.
It was 33 times larger than the next biggest executive compensation package, which was Musk's 2012 pay plan. Musk's 2018 pay package gave him stock grants worth around 1% of Tesla's equity each ...
Tesla shareholders have re-approved a pay package for CEO Elon Musk worth billions that was already thrown out by a Delaware judge earlier this year in a vote that also approved moving Tesla to Texas.
A new legal battle is underway to determine whether Elon Musk actually gets his money after Tesla convinced shareholders to back the CEO's record-breaking $56 billion pay plan.
Tesla pledged to keep fighting for Elon Musk's $56 billion pay to be restored, a battle that could make it all the way to the highest US court.
Tesla accountants estimate the same package valued at today’s price rather than that of 2018 would cost investors more than $25 billion. This would be on top of the original $2.3 billion of ...
Tesla argues that the costs to shareholders will be significantly greater if the pay package is not reinstated. The company booked a $2.3 billion accounting charge to issue it in 2018.