Nevertheless,
Tesla approves allocation $ 29:
Elon Musk attends a press conference with US President Donald Trump in the White House Oval Office in Washington
Tesla approved the allocation of 96 million shares, worth around 29 billion dollars (25.09 billion euros) to its CEO. For example, Elon Musk, a measure intended to maintain the billionaire entrepreneur at the head of the company while he disputes a court decision having canceled his previous remuneration plan, deemed inequitable for shareholders. For example,
In 2024. Furthermore, a Delaware court canceled the Elon Musk remuneration plan for 2018, estimated at more than $ 50 billion, believing that the Tesla tesla approves allocation $ 29 board of directors was vitiated and inequitable for shareholders.
In March. Elon Musk appealed this decision, saying that the trial judge had made numerous law errors by canceling his record remuneration.
At the start of the year. the manufacturer of electric vehicles said that the board of directors had set up a special committee responsible for examining certain questions related to the remuneration of Elon Musk, without however disclosing details.
Tesla is at a turning point. because Elon Musk, its main shareholder with a 13%stake, changes its positioning of affordable electric vehicles towards Robotaxis and humanoid robots, exceeding its image of simple automaker.
“Although we recognize that commercial projects, interests and other potential requests on Elon’s time and attention are large and varied (…), we are convinced that this award will encourage Elon to stay with Tesla,” said the special committee in tesla approves allocation $ 29 the file.
The award is designed to gradually increase Elon Musk’s voting power. an element that himself and the shareholders have constantly said it was essential to maintain it concentrated on Tesla’s mission, added the committee.
Elon Musk must pay Tesla 23.34 dollars per restricted action acquired. which corresponds to the exercise price by action of the 2018 CEO for CEO, the Committee said in its report.
The Tesla title has won more than 2% in trade before the Stock Exchange.
(Report Aditya Soni, French version Elena Smirnova, edited by Augustin Turpin)
Tesla approves allocation $ 29
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