Tesla gives CEO Musk a huge pay package

Executive Compensation - Tesla granted Elon Musk an interim pay package of 96 million shares, vesting after 2 years as CEO and requiring a 5-year holding period [1] - The exercise price for the award is $2334% per share [1] - The 2018 compensation plan worth over $50 billion was voided by a Delaware court [2] - Shareholders will vote on a longer-term pay package for Musk on November 6th [2] Strategic Importance of Elon Musk - Losing Musk would mean losing the person core to Tesla's vision for the future, including robo taxi and robotics [3] - Tesla's board recognizes Musk's attention is divided among multiple ventures [3]