Tesla going into drain and CEO

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WealthBuilder
2025-08-04

Tesla going into drain and CEO still get rewarded . LOL

Tesla Approves Share Award Worth $29 Billion to CEO Elon Musk

Tesla has granted CEO Elon Musk 96 million shares worth about $29 billion, a move aimed at keeping the billionaire entrepreneur at the helm as he fights a court ruling that voided his original pay...

Tesla Approves Share Award Worth $29 Billion to CEO Elon Musk

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LOL","highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/464000487424168","repostId":2556800960,"repostType":2,"repost":{"id":"2556800960","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"pubTimestamp":1754302791,"share":"https://ttm.financial/m/news/2556800960?lang=en_US&edition=fundamental","pubTime":"2025-08-04 18:19","market":"us","language":"en","title":"Tesla Approves Share Award Worth $29 Billion to CEO Elon Musk","url":"https://stock-news.laohu8.com/highlight/detail?id=2556800960","media":"Reuters","summary":"Tesla has granted CEO Elon Musk 96 million shares worth about $29 billion, a move aimed at keeping the billionaire entrepreneur at the helm as he fights a court ruling that voided his original pay...","content":"<html><head></head><body><p>Tesla has granted CEO Elon Musk 96 million shares worth about $29 billion, a move aimed at keeping the billionaire entrepreneur at the helm as he fights a court ruling that voided his original pay deal for being unfair to shareholders.</p><p>Tesla shares continued to rise more than 2% on the news.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/c66c81ffa388d2bec4ba6a98868c3d82\" title=\"\" tg-width=\"786\" tg-height=\"612\"/></p><p>In 2024, a Delaware court voided Musk&#39;s 2018 compensation package, valued at over $50 billion, citing that the Tesla board&#39;s approval process was flawed and unfair to shareholders.</p><p>Musk kicked off an appeal in March against the order, claiming a lower court judge made multiple legal errors in rescinding the record compensation.</p><p>Earlier this year, the EV maker said the board had formed a special committee to consider some compensation matters involving Musk, without disclosing any details.</p><p>Tesla is at a turning point as Musk, its largest shareholder with a 13% stake, shifts focus from a promised affordable EV platform to robotaxis and humanoid robots, positioning the company more as an AI and robotics firm than an automaker.</p><p>&#34;While we recognize Elon&#39;s business ventures, interests and other potential demands on his time and attention are extensive and wide-ranging ... we are confident that this award will incentivize Elon to remain at Tesla,&#34; the special committee said in the filing.</p><p>The award is designed to gradually boost Musk&#39;s voting power, something he and shareholders have consistently said was key to keeping him focused on Tesla&#39;s mission, it added.</p><p>Musk must pay Tesla $23.34 per share of restricted stock that vests, which is equal to the exercise price per share of the 2018 CEO Award, 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class=\"title\">\nTesla Approves Share Award Worth $29 Billion to CEO Elon Musk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-08-04 18:19</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Tesla has granted CEO Elon Musk 96 million shares worth about $29 billion, a move aimed at keeping the billionaire entrepreneur at the helm as he fights a court ruling that voided his original pay deal for being unfair to shareholders.</p><p>Tesla shares continued to rise more than 2% on the news.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/c66c81ffa388d2bec4ba6a98868c3d82\" title=\"\" tg-width=\"786\" tg-height=\"612\"/></p><p>In 2024, a Delaware court voided Musk&#39;s 2018 compensation package, valued at over $50 billion, citing that the Tesla board&#39;s approval process was flawed and unfair to shareholders.</p><p>Musk kicked off an appeal in March against the order, claiming a lower court judge made multiple legal errors in rescinding the record compensation.</p><p>Earlier this year, the EV maker said the board had formed a special committee to consider some compensation matters involving Musk, without disclosing any details.</p><p>Tesla is at a turning point as Musk, its largest shareholder with a 13% stake, shifts focus from a promised affordable EV platform to robotaxis and humanoid robots, positioning the company more as an AI and robotics firm than an automaker.</p><p>&#34;While we recognize Elon&#39;s business ventures, interests and other potential demands on his time and attention are extensive and wide-ranging ... we are confident that this award will incentivize Elon to remain at Tesla,&#34; the special committee said in the filing.</p><p>The award is designed to gradually boost Musk&#39;s voting power, something he and shareholders have consistently said was key to keeping him focused on Tesla&#39;s mission, it added.</p><p>Musk must pay Tesla $23.34 per share of restricted stock that vests, which is equal to the exercise price per share of the 2018 CEO Award, it said in the filing.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU2360107168.USD":"BGF NEXT GENERATION TECHNOLOGY \"A4\" (USD) INC","LU0345770993.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) INC","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","LU1066051498.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (USD) INC","LU2023250330.USD":"ALLIANZ INCOME AND GROWTH \"AMG\" (USD) INC","TSLA":"特斯拉","LU1720051108.HKD":"ALLIANZ 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