Tesla suggests giving Elus Musk $ 29 billion, so the CEO resides

Tesla approved a bound shares of 96 million shares, at a value of $ 29 billion, to stimulate “controversial billionaire to stay at the head of the company A lengthy legal battle On his original payment package.

Last year, the Dilayer court canceled the Mousse salary package, which is valued at more than 50 billion dollars, on the pretext that the deal was defective and unfair to the shareholders and that musk had an unjustified effect on its composition. The shareholders voted twice for approval The huge compensation, but the judge still supports the ruling. Tesla The decision appealed To the Supreme Court of Dilayer.

Now, the company asks the shareholders to approve this new prize, on the pretext that Tesla is on the threshold of becoming a pioneer in artificial intelligence and robots, and MUSK’s fixed hand requires driving. Tesla’s position is definitely more fragile than ever. Musk’s support for President Donald Trump and his work in the Ministry of Governmental efficiency to launch tens of thousands of federal workers and the abolition of humanitarian assistants programs have generated a protest movement at the country level and A sharp decrease in sales. Tesla shared more than 20 percent of its value so far this year.

However, the Tesla Council sees the MUSK’s continuous participation as necessary for the future of the company. Earlier this year, TESLA Board of Directors established a special committee at risk from the Chairman of the Board of Directors Robyn Denholm and a member of the Board of Directors Cathlein Wilson Thompson to consider new ways to compensate Musk, which the Board of Directors claims to compensate for eight years.

“While we realize that Elon’s commercial projects, interests and other potential demands are in his time and interest in large -scale and large -scale … We are confident that this award will stimulate Elon to stay in Tesla and focus his leadership capabilities that are unparalleled on more value of the shareholders from Tesla.

The Board of Directors indicated that if the Dilayer courts completely restore the 2018 payment package of Musk, the new temporary grant will be confiscated or compensated, so there is no “dual retreat.” Upon acceptance of the new shares, Musk agrees to work as head of Tesla until 2027. The shareholders will vote on the new deal at their annual meeting, which is scheduled to be held on November 6.

After years of cavity, the sudden reflection of Tesla’s wealth left many investors and supporters with the injury. As musk declined to politics, investors urged him to continue to focus on Tesla and costly – And the doubt about it A project to build more self -driving cars and human robots. The company launched the first robotics service in Austin, Texas, last month – despite the service It fell into previous musk predictions. The only new product for the company since 2020, Cybertruck, is widely considered to stir. Competition from Legacy car manufacturers, especially those in China, were the resources of Tesla.

Musk is currently the largest contributor to Tesla, with 13 percent stake in the company. But the CEO said he wanted more control over the company in order to obtain more impact on its mission – which these plans aim to produce.

“This is a great concern for me, as I mentioned in the past, and I hope that it will be taken at the next shareholders meeting,” Musk said in the last profit call, in response to a question about his vote share. “I want to find that I have a little control that I can easily expel it by active shareholders after building this army from human robots … I mentioned before, I think my control over Tesla should be enough to ensure that you go in a good direction, but there is not much control that I cannot see if I feel crazy.”