Back and forth over Elon Musk’s pay cheque: How Tesla splurged to retain its CEO
With the latest stock award, Musk’s holding in the electric vehicle maker is valued at around $157 billion. In the “interim award”, the electric vehicle maker offered Musk 96 million new shares worth $29 billion in “good faith”. To claim the deal, Musk has to serve as the chief executive at Tesla for at least two more years. Even after getting the shares, he has to hold onto them for five years.