Tesla’s board awarded him 96 million new shares.
Transcript:
Elon Musk just got a lot richer – $29 billion richer, to be exact. Tesla’s board awarded the CEO with 96 million new shares aimed at giving Musk more voting power within the company.
The new payday comes just months after a Delaware court struck down Musk’s previous compensation package, which would have awarded him over $50 billion for hitting specific benchmarks.
In its regulatory filing, Tesla’s board said, “While we recognize Elon’s business ventures, interests and other potential demands on his time and attention are extensive and wide-ranging … we are confident that this award will incentivize Elon to remain at Tesla.”
According to Forbes, Elon Musk is currently the world’s richest man, with a net worth of nearly $400 billion.
That’ll do it for your daily briefing. From New York City, I’m Kelsey Barberio with TheStreet.
Subscribe |
Earn. Live. Invest. |
TheStreet Pro |
#elonmusk #tesla #teslashares
source
