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Elon musk receives equivalent $:
After a long judicial showdown. Meanwhile, 96 million shares, representing no less than $ 29 billion, that the Tesla company granted its boss, the wealthy Elon Musk.
The Multimillionaire Elon Musk can blow. Meanwhile, He was granted authorization to buy 96 million shares from his Tesla automotive company, each with a value of $ 23.34. In addition, He thus won the placement of $ 29 billion. he whose remuneration plan validated in 2018 has been the subject of a court contestation since January 2024, explains AFP, quoted by RMC.
An shareholder of the manufacturer had thus seized justice more than a year. a half ago, while the original remuneration plan, decided in an extraordinary assembly seven years earlier, planned to donate to Elon Musk an estimated estimated at the time at some $ 56 billion.
elon musk receives equivalent $
A remuneration plan that is debated – Elon musk receives equivalent $
The value of 23.34 dollars for Tesla shares corresponds to that which was theirs at the time of validation in 2018 of the initial remuneration plan. these pointing to 302.6 dollars on the New York Stock Exchange on August 1. The latter had therefore been canceled by a Delaware judge after the referral of a shareholder in January 2024. in particular for “deceptive” and “erroneous” information, before being validated again six months later by the shareholders of the automotive company.
In December 2024, the justice of the state of Delaware had invalidated the new remuneration plan. This could have revived the legal battle if Tesla. who had chosen to appeal, had not decided to set up a special committee responsible for looking at the thorny problem. This is how the “temporary” remuneration of $ 29 billion could be granted to elon musk receives equivalent $ Elon Musk.
“To recognize what Elon has accomplished. the extraordinary value he brought to Tesla and our shareholders, we believe that it is necessary to take measures to honor the agreement concluded in 2018,” concluded the company.
Posted on August 5 at 1:29 p.m., Maël Narpon, 6medias
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