Tesla has awarded its chief executive a “first step payment worth roughly $29 billion to replace a plan blocked by a Delaware judge..
The “interim” package announced on Monday was intended to help retain Elon Musk, whose previous pay plan was invalidated by a judge. The car maker’s chief has hinted that he needed a larger stake in the company.
Shares in Tesla were down in premarket trading as the carmaker lays out the risks from President Trump’s tariffs and his scrapping of tax credits.
The annual meeting will be in November, nearly four months after what is required under Texas law.
Mr. Musk’s involvement in politics was once seen by investors as a benefit to Tesla. Not anymore.
El fabricante de automóviles, que ya sufría un fuerte descenso de sus ventas y ganancias, ahora podría enfrentarse a la ira del presidente de EE. UU.
El fabricante de automóviles, que ya sufría un fuerte descenso de sus ventas y ganancias, ahora podría enfrentarse a la ira del presidente de EE. UU.
Already suffering from steep declines in sales and profit, the carmaker could now face the president’s wrath.
The stock has been on a roller coaster ever since Mr. Trump’s election. The shares are down about 13 percent this week.
The activists behind the Tesla Takedown campaign say they intend to expand beyond protests at the company’s showrooms.