Tech
Forget Musk’s latest pay package, his last one could wipe out years of Tesla profits
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Tesla’s gaudy $1 trillion executive-compensation package for CEO Elon Musk has obscured a more pressing concern: Musk’s 2018 pay package — still tied up in court — could eat up years’ worth of the electric vehicle maker’s future profits.
The Delaware Supreme Court will soon decide whether to reverse a lower-court ruling invalidating Musk’s previous record-breaking compensation package. If Tesla’s appeal fails, it could trigger a $26 billion hit to profits over two years to account for the replacement stock-compensation package it has promised Musk -…
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