Tesla is awarding CEO Elon Musk 96 million shares of restricted stock valued at approximately $29 billion, 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 Musk must first pay Tesla $23.34 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.
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The company will not survive if Musk doesn’t leave.
Tesla will go bankrupt either way and will be bought up for pennies by competitors
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Plenty of people would in a heartbeat if Elon Musk was publicly and thoroughly excommunicated from the power structure of the company. They would have to rebuild the brand but heres the thing people hate Elon Musk not Tesla.
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Is the charger infrastructure maybe more valuable to a potential buyer than the cars at this point?
EU EV sales are falling, Tesla used to dominate sales, now they don’t even make it to top 5 in europe.