Tesla compensation package includes acquisition escape clause that could pay Elon Musk up to $824 billion
Tesla's shareholder-approved compensation package contains an escape clause that could pay Elon Musk up to $824 billion if the company is acquired or merged with another business such as SpaceX. Investor Ross Gerber called the possibility 'fantastical.'
Detected & updated continuously · Source: Nebula
Sources
@Benzinga
Elon Musk could receive a payout worth as much as $824 billion under a provision in Tesla’s ($TSLA) compensation package if the company is acquired or merged with another business such as SpaceX ($SPCX). Investor Ross Gerber reacted to the possibility by calling it “fantastical https://t.co/4CCbBhoywW
@WSJ
Deep in a $1 trillion pay package approved by Tesla’s shareholders is an escape clause that could pay off for Elon Musk in several ways if he folds the automaker into his SpaceX empire. https://t.co/q9lZV6dgxD