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Why Tesla grants vertiginous remuneration of $ 29 billion in equity to Elon Musk

A Tesla robot, during the World Conference on Artificial Intelligence, in Shanghai, on July 28, 2025.

It is a telescoping of information difficult to understand. On July 23, Tesla announced that its net profit for the second quarter of the year was down 16 %, at $ 1.17 billion (1.01 billion euros), a disappointment for financial analysts. A drop related to the fall in vehicle sales ( – 13 %), prices and an increase in stocks. The image of Elon Musk, support of Donald Trump, engaged with him at the White House, turned against the brand. Since the beginning of the year, the Tesla action has been back by around 20 %. Friday 1is August, second bad news: a Miami (Florida) court recognized Tesla as being partially responsible for a fatal accident involving a model with the “automatic piloting” option. The manufacturer said they wanted to appeal.

However, these announcements did not prevent the board of directors from Tesla from granting its founder an additional remuneration of… 29 billion dollars. Elon Musk has, in fact, obtained authorization to buy 96 million TESLA shares at a price of $ 23.34, or their scholarship course in 2018. It is a completely extraordinary amount, even for an American boss, which makes it possible to inflate the fortune of Elon Musk, already the richest man in the world, estimated at 350 billion dollars, according to the Bloomberg agency.

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jolie.whitman
jolie.whitman
Jolie’s D.C. bureaucracy explainer turns FOIA docs into bite-size slideshows with GIF annotations.
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