Tesla is awarding CEO Elon Musk 96 million shares of restricted stock valued at approximately $29 billion, just six months after a judge ordered the company to revoke his massive pay package.

The electric vehicle maker said in a regulatory filing on Monday that Musk must first pay Tesla $23.34 per share of restricted stock that vests, which is equal to the exercise price per share of the 2018 pay package that was awarded to the company's CEO.

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[–] 2 points 1 year ago (2 children)

Be careful. You may suddenly need to drop 20k+ on a failing battery if you buy them used.

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  • [–] 1 point 1 year ago (1 child)

    Yeah this is a huge reason I haven’t considered buying an electric car; I want to keep it for over ten years, but don’t want to deal with that huge expense.

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