Musk pay goes up, Tesla results go down

17 days ago

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Tesla awarded Elon Musk a $29 billion stock grant as a reward for transformative growth.
Musk hasn't been paid in years due to a rejected 2018 compensation package.
The grant aims to retain Musk and keep him focused on Tesla.
Tesla's value increased by $735 billion since 2018, justifying the reward.
Tesla shares dropped 25% this year due to Musk's political affiliations and competition.
Quarterly profits fell from $1.39 billion to $409 million, missing Wall Street expectations.
Investors worry about Tesla's trajectory amid Musk's political involvement.
Musk must pay $23.34 per share for vested restricted stock.
A Delaware court ruled Tesla must revoke Musk's 2018 pay package due to sham negotiations.
Musk appealed the ruling, and Tesla formed a committee to review his compensation.
Analysts believe the new grant may alleviate shareholder concerns and retain Musk until 2030.
Tesla scheduled a shareholders meeting in November under pressure from investors.

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