TESLA AWARDS MUSK $29 BILLION IN SHARES WITH PRIOR PAY PACKAGE IN LIMBO

Summary from the TLDR newsletter

Tesla's board has awarded Elon Musk an interim pay package of 96 million shares worth about $29 billion. The package includes shares that vest in two years as long as Musk continues as CEO or in another key executive position. It will be forfeited if the legal battle over Musk's 2017 compensation ends with him being able to exercise shares from that package. The pay plan was approved by a 'special committee' of the Tesla board that included board chair Robyn Denholm and director Kathleen Wilson-Thompson. It doesn't limit Musk's ability to start new businesses or continue with his political work.