Tesla’s board of directors signed a 29 billion dollar sharing price (21.8 billion pounds sterling) in Elon Musk after a court blocked an earlier package of almost double this amount.
The new price, which amounts to 96 million new actions, is not only to keep the founder of the company of electric vehicles (EV) in the driving headquarters as general manager.
The new stock will also strengthen its voting power from a current level of 13%.
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He and other shareholders have long argued that the strengthening of his interest in the company is essential to maintain his objective after a foray into the external signs of political power to Donald TrumpSide on the side – a relationship that has now become sour.
Musk is angry with the president’s tax reduction and spending plans, known as Big Beautiful Bill. Tesla also underwent a reaction of sales following the past association of Musk with Mr. Trump and the role in the reduction of expenses of the federal government.
The company is currently focusing on the deployment of a new cheaper model in order to stimulate trigger sales and challenge strong competition, especially China.
The opposite winds have been strengthened because the Trump administration reduced the support of electric vehicles, with Musk admitting last month that it could lead to a “a few difficult quarters” for the company.
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Tesla currently performs tests of its autonomous software and income should not reflect the deployment scheduled before the end of next year.
Musk had been online for a scholarship worth more than $ 50 billion in 2018 – the largest remuneration package ever seen on a global scale.
However, the decision of the board of directors was canceled by a Delaware judge following an extended legal struggle. There is always a continuous call process.
Earlier this year, Tesla said her board of directors had trained a special committee to examine certain remuneration issues involving Musk, without disclosing details.
The special committee said in the file on Monday: “Although we recognize Elon’s commercial companies, the interests and other potential requirements of its time and attention are extended and varied … We are convinced that this price will encourage Elon to stay in Tesla”.
He added that if the tribunals Delaware fully reinstates the 2018 “performance price”, the new provisional subsidy would be lost or compensated to guarantee any “double decrease”.
The new remuneration package is subject to the approval of shareholders.