Elon Musk, the richest man in the world, became even richer after receiving a $ 29 billion premium from Tesla as a ‘good faith’ payment.
This bonus was described as a ‘good faith’ payment for Musk after invalidating the $ 56 billion bonus agreement in 2018 in December 2024 Kathaleen mccormick judge.
The decisions were started by a Tesla shareholder who questioned Musk’s compensation package in 2018. After reviewing the case, Judge McCormick concluded that Musk had created a historic wage package with negotiations with directors who were not independent.
Still, the Tesla Board kept his word and paid the previously agreed bonus to the managing director. “Through Elon’s unique vision and management, Tesla is not only a manager of electric vehicles and renewable energy, but also the leader of AI, robotics and related services,” says the statement.
“In recognition of what Elon has achieved and the extraordinary value he and Tesla contributed to our shareholders, we feel that we must act to respect the agreement concluded in 2018. After all, the ‘Agreement Agreement’.”
“We are confident that this reward encourages Elon to stay at Tesla and focus on the value of value and talent and retention at Tesla’s shareholders,” the statement continues.
Tesla then gave the businessman 96 million limited shares worth about $ 29 billion. However, you first have to pay $ 2 billion to get them, which means $ 23.34 per share.
Photo and video: Creative Commons. This content was made with the help of AI and revised by the editorial team.
