Lates News

After Tesla shareholders approved Elon Musk's blockbuster sky-high compensation plan, the first set of compensation data has been released, with a staggering amount of 158 billion US dollars. Of the total compensation disclosed this time, approximately 132 billion US dollars is the highest estimated value of Musk's stock awards last year, calculated based on the fair value on the date of grant and assuming all performance conditions are met. The remaining over 26 billion US dollars in compensation is the fair value of a temporary award approved by the Tesla board for Musk in August last year. Due to the reinstatement of the old compensation plan in 2018, Musk has decided to forgo receiving this amount in April of this year.