Tesla awards CEO Elon Musk billions in shares, with a caveat
Summary
Tesla's board has decided to give CEO Elon Musk billions in shares, but he will only receive these shares if he continues to run the company for at least two more years.Key Facts
- Tesla's board agreed to a new compensation package for Elon Musk.
- The package includes billions of dollars in Tesla shares.
- Musk must remain as CEO of Tesla for at least two more years to get the shares.
- The decision reflects Tesla's strategy to keep Musk as its leader.
- The compensation is tied to Musk's commitment to the company.
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