Tesla Gives Elon Musk $30 Billion Stock Award

Executive Compensation & Governance - Tesla shareholders are highly interested in ensuring Elon Musk remains focused on the company [1] - The board believes the proposed compensation package is crucial for retaining Elon Musk, who is seen as a magnet for attracting and retaining top talent [1] - The compensation package requires Musk to serve a full two-year term for the full 96 million shares to vest [2] - Shareholders will vote on a more comprehensive, long-term package at the annual meeting in November [3] Financial Details of Compensation Package - The exercise price for each share is $23.34 [2] - The current share price is above $300, specifically $310 [2]