Tesla's Compensation Plan For Elon Musk Removes Overhang, Secures Company's 'Most Important Asset'

A new pay package for Tesla Inc. TSLA CEO Elon Musk could alleviate one of the factors holding back the price of the electric vehicle company's shares, according to Wedbush analyst Dan Ives in a new investor note. What Happened: The new pay package comes as Musk made comments over the weekend about his ownership stake in the electric vehicle company. "Tesla filed a Form 8-k with the Board of Directors approving an award of 96 million shares of restricted stock under the company's 2019 Equity Incentive Plan, ...