Tesla is set to ask its shareholders to once again vote on approving the controversial 2018 pay package for CEO Elon Musk, which was recently thrown out by a Delaware judge.
CNN reports that in a surprising turn of events, Tesla has announced that it will seek shareholder re-approval for the 2018 compensation package awarded to its CEO, Elon Musk. The package, which granted Musk options to purchase 303 million split-adjusted shares of Tesla at $23.34 per share, was originally valued at $51 billion when a Delaware court threw it out in January. However, due to a recent drop in Tesla’s share price, the package’s current value stands at $40.7 billion.
Elon Musk shades his eyes in front of a Tesla ( Maja
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