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Tesla grants $ 29 billion new:
Keystone-SDA
The car manufacturer Tesla has granted Elon Musk 96 million Tesla shares for a value of around $ 29 billion. Furthermore, while the huge remuneration plan for the boss of Tesla is the subject of a legal battle. In addition,
(Keystone-ATS) Elon Musk obtained authorization to buy 96 million Tesla shares at a price of $ 23.34. However, that is to say their exercise price when Tesla’s boss’s remuneration plan for the adoption, said the tesla grants $ 29 billion new manufacturer in a document filed with the US stock regulator on Monday. In addition, At the end of the New York Stock Exchange on Friday, the action ended at $ 302.6, which values this “temporary” remuneration at some $ 29 billion.
The remuneration of Elon Musk has been the subject of a legal battle for years. A plan, validated in 2018 in an extraordinary assembly by Tesla, planned to give Mr. Musk Tesla actions according to the achievement of several objectives over ten years. It was estimated during its adoption at some $ 56 billion.
But a Delaware judge, seized by a shareholder, canceled it in January 2024. The latter indeed considered that the shareholders had received “erroneous”. “misleading” information about the board of directors and the remuneration committee, upstream of the general meeting during which the plan was approved.
However, the soap opera continued. Mid-June 2024, the Mega remuneration plan was again tesla grants $ 29 billion new validated by the shareholders of Tesla. In December 2024, he was again rejected by the justice of Delaware.
Tesla, who appealed the decision, had since set up a special committee responsible for studying the question.
“The Special Committee. the Board of Directors have carefully deliberated on the decision to grant this interim reward in a context marked by the war of talents in artificial intelligence, more and more intense, and by Tesla’s critical position at a crucial inflection point,” said Tesla on network X on Monday.
“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. After all, + an agreement is an agreement +,” continues Tesla.
“Musk remains the main asset of Tesla. this remuneration problem has been a constant concern of shareholders since the start of the Delaware soap opera,” tesla grants $ 29 billion new said analyst Wedbush Securities in a note.
In electronic exchanges before the opening of the New York Stock Exchange, the Tesla title gained 2.4% at 309.9 USD around 12:40 pm GMT.
Tesla grants $ 29 billion new
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