Tesla reaffirms its support for Elon Musk and offers him a $ 29 billion bonus
While Tesla plays the future as well as justice, its Board has just awarded Elon Musk 96 million shares or $ 29 billion. This spectacular choice comes when the company exceeds the turbulence area. This decision by far a simple bonus reveals the expected dependence of the leader so much admired because they are controversial. Tesla relies on Musk, at all costs, at the risk of deterioration between individual power and collective interest.
In short
- Tesla attributes Elon Musk 96 million shares, estimated at $ 29 billion.
- This decision comes after the annulment of his previous 2018 remuneration plan, considered unfair.
- The Special Committee of the Board of Directors was responsible for the design of the new plan to guarantee the presence of Muska at the head of the group.
- Tesla did not disclose new performance conditions with this massive allocation.
A counter -salary in the face of American justice
At the beginning of August, the Board of Directors of Tesla confirmed Elon Musk, an exceptional allocation of Elon Musk, which was awarded at approximately $ 29 billion at the beginning of August, starting with the survival of XXL surgery.
This decision comes after invalidity by the Delaware court from the previous 2018 remuneration plan, which has reached more than $ 50 billion.
The Court believed that this plan was approved under the conditions considered unfair to shareholders due to the proximity between Muskek and several members of the Council. The entrepreneur called and condemned “Many mistakes in law” in judgment.
To ensure the managerial future of the company, a special committee was ordered to study a new form of compensation, which led to the current proposal.
The specific elements of this new plan reveal both the effort to legitimize previous criticism and the apparent attempt to hold Musk at the head of society. Here is the basic information:
- The total bonus amount: approximately $ 29 billion in their own capital (96 million securities);
- Financial situation: Musk will have to pay $ 23.34 per share, the price provided in the 2018 initial plan;
- Declared goal: “It guarantees the continuous presence of Elon Musk in the head of Tesla”according to the conditions of a special committee;
- Strategic justification: Answer the cancellation of the previous plan and at the same time ensures managerial stability of Tesla;
- Silence on the condition of performance: Tesla did not disclose new goals or Prague, which need to be achieved in exchange for this award.
This maneuver is part of the strategy of a quick response to legal uncertainty and at the same time sends a strong signal to the markets: Elon Musk remains, for Tesla, the central element around which all gravitate.
Lever for strength to maintain a course with Musk
In addition to financial compensation, the allocation of these 96 million shares seems to be a tool to increase the impact of Muska on Tesla’s strategic decisions. A special committee confirms this without a detour: this measure is also designed for “Gradually increases Elon Musk’s voting force”.
Today, which shareholder up to 13 %, Musk could strengthen his ability to manage the company according to his vision, in the context, where her other obligations, whether in SpaceX, X (ex-twitter), or through his Grok Ia, feed concerns about his real concentration in Tesla.
The manufacturer justifies this centralization by current changes in its strategy. Tesla gradually redirects: cost -effective electric vehicles on autonomous robotaxi and humanoid robots.
The Committee is considering “It is necessary to maintain Elon focused on Tesla’s mission”Especially in the face of the rise of transverse projects. This turnover, if it ends, redefines Tesla, but also the role of Muska in the global technology landscape.
Tesla relies again on its founding CEO, choosing continuity, but also on the ultra personalized administration model, where the management of Musk leads to conventional control mechanisms. This strategy could assure short -term markets, but in the longer term, the sustainability of such a system. Among the visionary opportunities and structural dependence, the future of Tesla, already a semi -ton with a loss of 70 % of its profits, can be played on the way to innovation as well as behind the scenes of its administration.
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A graduate of the Toulouse and the Blockchain Consultant Certification certification holder and I joined the adventure of Cointribuna in 2019. I convinced of the potential of blockchain to transform many economy sectors, committing to raising awareness and informing the general public about how the ecosysty developed. My goal is to allow everyone to better understand blockchain and take the opportunity they offer. I try to provide an objective analysis of messages every day, decrypt trends on the market, hand over the latest technological innovations and introduce the economic and social issues of this revolution.
Renunciation
The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.