Tesla to Hand Over $30 Billion Worth of Shares to Elon Musk
Tesla has agreed to grant Elon Musk 96 million shares, valued at $30 billion, following his warning that he might leave the company without a larger stake.
If the package is upheld on appeal, Musk’s stake in Tesla could rise to over 20%.
In a message to shareholders, Tesla emphasized that "keeping Elon is more critical than ever."
📅 The final approval of the compensation package is expected at the Annual Meeting on November 6.