Tesla board awards $29bn of shares to Elon Musk

Chief executive will pay $2bn to buy stock in the carmaker at 2018 price after court rules against pay deal• Business live – latest updatesTesla’s board has approved the award of $29bn (£22bn) worth of shares to its chief executive, Elon Musk, after a US court ruled against a previous pay deal for the world’s richest person.Musk will pay $2bn to buy 96m shares in the electric carmaker at the same price per share as a 10-year pay package agreed in 2018, which is stuck in legal limbo awaiting a court date for an appeal. The award was based on a recommendation from a “special committee” of the board. Continue reading...

Comments

Business News

'I'm trying to cut down my alcohol intake and this 99p low-calorie drink converted me'

Mirror

Palantir CEO Alex Karp calls a job at his company 'by far the best credential in tech.' We asked recruiters if they agree.

about 8 hours ago

She got in trouble as a teen in New York City, but in Bangkok, she became a beauty queen

insider

Comments

Similar News

Everything to Know About Elon Musk’s $56B Tesla Pay Plan and His New $29B Fallback

Tesla sales sink in UK, Germany as Europeans warm to Chinese rival BYD

Shareholders sue Tesla and Elon Musk on heels of deadly autopilot verdict, alleging its robotaxi violates traffic laws

Tesla sales in Britain plummet amid Musk backlash

Tesla awards Elon Musk $29 billion worth of shares

Tesla design chief who accidentally shattered 2 Cybertruck windows says the viral moment was a 'great meme'

Tesla awards CEO Elon Musk billions in shares, with a caveat

Tesla board approves new £22bn pay package to keep Elon Musk

Tesla awards Elon Musk $29 billion in stock amid compensation battle. What to know

The Tesla whistleblower and the cost of taking on Elon Musk - podcast

Elon Musk handed £22bn of Tesla shares to stop him quitting the electric car maker

Elon Musk to get US$29B in Tesla shares. Here’s why

Elon Musk gets $29B pay package from Tesla board to keep him at EV maker

Tesla completes world's first autonomous car delivery

Elon Musk awarded $30 billion in bid to keep him at Tesla for years

Tesla Approves Stock Award Worth Nearly $30 Billion For CEO Elon Musk

Tesla approves $29bn share award to Elon Musk

Tesla awards boss Elon Musk $29bn in shares

Tesla Grants Musk $29 Billion in Stock to ‘Keep Elon’s Energies Focused’

Tesla awards CEO Musk millions in shares valued at about $29 billion

Business News

'I'm trying to cut down my alcohol intake and this 99p low-calorie drink converted me'

Paul Graham's guide to how you can save your job from AI

NFL and ESPN reach nonbinding agreement for sale of NFL Network and other media assets

Aldi loses title of UK’s cheapest supermarket

Chinese nationals charged with exporting Nvidia AI chips to China

China Is a Nation of Savers. Many Are Drowning in Debt.

Kelley Mack, Actress In ‘The Walking Dead,’ Dies At 33

UN Chief Says Fossil Fuels Are On The Way Out—Are They?

PIP review update as 10 people could be consulting with Stephen Timms on future of benefit

Consumer spending may be up, but so is household debt, a new report from the New York Fed shows

Rivian expects tariffs to increase car production costs by 'a couple thousand dollars per unit'

WhatsApp deletes over 6.8m accounts linked to scams, Meta says

Sean ‘Diddy’ Combs’ Attorneys Contacted Trump Administration About Potential Pardon, Report Says

How To Watch The 2025 U.S. Gymnastics Championships

Today’s Wordle #1509 Hints And Answer For Wednesday, August 6th

U.S. Proposes Visitor Visa Bonds Up To $15,000 To Curb Overstays

The Red Sox Didn’t Do Much At The Deadline, But Not For A “Lack Of Effort”

Forbes Top CPAs For Valuations, 2025: Methodology

Aldi fans can now get a tattoo in stores that look like Specialbuys - full list

NFL Will Get a Stake in ESPN in a Complex Deal

Brewdog ad banned for implying alcohol could overcome boredom and loneliness

Record installations of solar panels, batteries and heat pumps so far in 2025

Zara published photos of models who appeared to be ‘unhealthily thin’ – ASA

Fewer renters saving for home deposit amid living costs squeeze – survey

Chancellor ‘must raise taxes to help plug £40bn-plus gap to meet fiscal rule’

Best places in Britain to buy a cottage revealed

Boomerang buyers: 80% of first-time buyers ‘moved back in with parents first’

Trump rips ‘no talent’ Gayle King, citing New York Post report over her ‘murky’ future at CBS

News Corp profits spike nearly 30% in fourth quarter, revenue rises 1%

Fewer renters saving for home deposit amid living costs squeeze – survey

Boomerang buyers: 80% of first-time buyers ‘moved back in with parents first’

Renters ‘finding it even harder’ to save for house deposit

Nationwide leads new calls for change to protect domestic abuse survivors

Best places in Britain to buy a cottage revealed

New York City Legionnaires’ Outbreak: Death Toll Rises To 3 As Case Count Reaches 67

‘Wednesday’ Creators On How Addams Family’s Story Expands In Season 2

Olympians And Rising Stars To Face Off At U.S. Gymnastics Championships

Will NPR And PBS Go Away? How CPB Shutting Down Affects Them

Raise taxes 'substantially', Reeves told - as she faces 'impossible trilemma'

Britons' cars have never been OLDER: Average age of motors on the road reaches record high

How to work out if YOU can claim £950 from the car finance scandal - and what to do if you can't find the paperwork

My ex-RAF engineer husband lost our £120,000 life savings to crypto scammers - and I'm convinced the stress killed him

NS&I urged to join Tell Us Once scheme with more than £105m of Premium Bond prizes unclaimed

Palantir CEO Alex Karp calls a job at his company 'by far the best credential in tech.' We asked recruiters if they agree.

She got in trouble as a teen in New York City, but in Bangkok, she became a beauty queen

Chancellor ‘must raise taxes to help plug £40bn-plus gap to meet fiscal rule’

Zara published photos of models who appeared to be ‘unhealthily thin’ – ASA

Beer giant’s advert that implied alcohol could cure boredom banned

Reeves warned she must raise taxes or cut spending to plug £41bn black hole

Zara ads banned for 'unhealthily thin' models

Taxes must rise to meet target, says thinktank

Call for help with school uniform costs in England

Bolsonaro House Arrest Casts Shadow Over Brazil-U.S. Trade Talks

Spirit Airlines Pilot Is Charged With Stalking Two Children

US government proposes easing some restrictions on drones traveling long distances

Crucial exemption allows majority of Canadian and Mexican goods to be shipped to US without tariffs

Proposed rule would make it easier for companies to use drones over longer distances out of the operator's sight