Tesla's board proposes new compensation plan for Musk, saying motivating him is key to achieving goals

PA一线
PA一线

PANews reported on September 5th that according to Jinshi, Tesla's (TSLA.O) board of directors proposed a new compensation plan for CEO Elon Musk. Tesla (TSLA.O) stated that motivating Musk is key to achieving its goals and that it is preparing to announce its longer-term CEO compensation strategy. The board proposed establishing a special stock pool. The company is seeking to replenish the employee incentive pool by adding 60 million shares. The board also proposed authorizing an investment in Musk's artificial intelligence company, xAI.

Tesla (TSLA.O) shares rose 1.5% in pre-market trading after its board proposed a new compensation plan for Musk.

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