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.
The discrepancy is certainly interesting. I guess that would imply that Tesla drivers tend to drive like assholes.
Or the technology is not as robust as they market it to be and gets those drivers in trouble. Or maybe both.