Lates News

Tesla granted its CEO, Elon Musk, 96 million restricted shares under the company's 2019 equity incentive plan. The award was approved on August 3rd based on the recommendation of a special board committee. The shares are contingent upon Musk remaining in an executive role until August 3, 2027. When the shares vest, Musk must pay the same price of $23.34 per share as the 2018 award. A special committee was established in early 2025 to evaluate Musk's compensation.