Tesla’s $30B Musk Deal Sends Stock Up 2.2%
Tesla & Musk’s pay deal actually made major waves on Monday when the board went ahead and approved a massive $30 billion compensation package for CEO Elon Musk. The Tesla stock reaction was pretty immediate, with shares climbing up 2.2% right after the weekend announcement came out. This Elon Musk pay package is really aimed at addressing some growing Musk leadership concerns while also securing his commitment to stay with the company. Tesla & Musk’s Pay Deal Sparks Board Approval and Stock Reaction Source: Not A Tesla App The Tesla board’s decision basically centers around a 96 million share award that’s worth about $30 billion, and it was designed specifically to keep Musk around amid his growing business empire. This Tesla-Musk pay deal actually comes with some conditions attached – Musk has to forfeit the award if he ends up winning his legal battle over his previously voided 2018 compensation package. Tesla stock chart showing 2.19% daily gain and rece...