TESLA REMOVES STOCK-BASED COMPENSATION THIS YEAR

Summary from the TLDR newsletter

Tesla has reportedly decided not to give stock-based compensation to employees as part of their annual performance reviews this year. Some employees who were reaching the end of their four-year vesting cycles were given stock refreshers to keep their total compensation competitive. Tesla is still doing modest cost-of-living increases and adjustments to its base salaries. It is unclear whether this will be a new policy going forward. Tesla regularly changes its employee compensations, and not always in a straightforward way.