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Tesla increases after the award of 96 million shares to its managing director, Elon Musk – 08/04/2025 at 12:34

((Translation automated by Reuters using automatic learning and generative AI, please refer to the following warning: https://bit.ly/rtrsauto)))))

August 4 – ** Tesla tsla.o shares increase by 2.5 % to $ 310 before the market

** The company attributes to the director general Elon Musk 96 million shares of the company worth around 29 billion dollars

** Musk must pay Tesla 23.34 dollars per restricted action acquired, which is equivalent to the exercise price by action of the 2018 Managing Director premium, said Tesla in the file

** Earlier this year, Tesla said the board of directors had formed a special committee to examine certain remuneration issues involving Musk

** The special committee said: “Although we recognize that commercial companies, interests and other potential requests for Elon’s time and attention are large and diverse … We are convinced that this award will encourage Elon to stay with Tesla”

** Until the last fence, the action has dropped 25 % since the start of the year

aria.jensen
aria.jensen
Aria’s LA film-set columns sprinkle scent descriptions—popcorn, diesel, fake snow—to make readers feel on location.
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