Tesla is awarding CEO Elon Musk 96 million shares of restricted stock valued at approximately $29 billion, just six months after a judge ordered the company to revoke his massive pay package.
The electric vehicle maker said in a regulatory filing on Monday that Musk must first pay Tesla $23.34 per share of restricted stock that vests, which is equal to the exercise price per share of the 2018 pay package that was awarded to the company’s CEO.
Personally, I can’t help but see them as junkers these days. You could be right, of course, but I wouldn’t buy one. Not for a very long time after Musk was gone and no longer screwing everything up, anyway.