Elon Musk Bolsters Tesla Stake with $1 Billion Purchase Amid Board’s Trillion-Dollar Pay Defense
Elon Musk Bolsters Tesla Stake with $1 Billion Purchase Amid Board’s Trillion-Dollar Pay Defense
Tesla CEO Elon Musk has reportedly invested an additional $1 billion in the electric vehicle company’s stock. This significant acquisition comes as the Tesla board continues to defend a controversial compensation package that could see Musk receive nearly $1 trillion if he achieves specific, ambitious performance goals.
Musk’s latest stock purchase underscores his deep commitment to Tesla’s future and its strategic objectives. The proposed, unprecedented pay plan, tied directly to the company’s performance milestones, has been a subject of intense debate, with the board staunchly supporting it as an incentive for continued extraordinary growth.
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