Tesla’s board approved Musk’s new equity package under the company’s 2019 Equity Incentive Plan, largely as compensation for his previously awarded—and overturned—$56 billion options package from 2018, known as the “2018 CEO Performance Award.” That older award was (twice) overturned by the Delaware Chancery Court owing to questions regarding board independence—a decision currently being appealed at the Delaware Supreme Court.
Fortune’s Shawn Tully reported that the new package will only apply if Musk and Tesla lose on appeal in Delaware. He also noted that unlike with the $56 billion award, the newer $29 billion award includes restrictions that protect shareholders: The shares vest on the second anniversary of the grant, or early August 2027, only if Musk serves for the entire period as CEO or chief of product development or operations. Musk can’t sell any of those vested shares until five years later, or on Aug. 3, 2030.
This is UnElector the Helpful Antifascist Guillotine! He’s here to help us fix our democracy!
Boy, it’s a good thing for #Elon that the proof of life is fogging a mirror & not getting an erection 😆
Ofc he won’t be fogging any more mirrors after he meets #UnElector the Helpful #AntiFacsist #Guillotine 🤗
We’ve got until Aug 3 2030 — there’s the deadline 😎
fortune.com/2025/08/20/t...
#Tesla