Tesla’s board has awarded CEO Elon Musk an interim pay package of 96 million shares, according to a filing out Monday, which would be worth about $29 billion.
The company said in the filing that Musk’s new package will include shares that vest in two years as long as he continues as CEO or in another key executive position. The award will be forfeited if the legal battle over Musk’s 2018 compensation ends with him being able to exercise shares from that package, which was valued at $56 billion when it vested. (READ MORE)