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they did not give him money.. What he got was stock options, this will cost him 303 million to exercise the option and buy the stocks and those stocks will hav
by tmottabr 2y ago
they did not give him money..
What he got was stock options, this will cost him 303 million to exercise the option and buy the stocks and those stocks will have a value of 56 billion per current stock price.
The thing is, with those new stocks his ownership of Tesla will be a bit above 20%, still below the 25% of control he has being demanding lately so to get the control he want over Tesla he will need to keep those stocks..
- Zigurd 2y agoAnd that's assuming this votes solves issues of board independence and whther the negotiation was not at arm's length, and that the Delaware court is convinced of this.