Tesla awards Musk $29B in attempt to "keep Elon's energies focused on Tesla"
Briefly

The Tesla board has approved an interim CEO compensation award for Elon Musk, who will have to hold the stock for five years. Musk's ownership will increase from approximately 13% to 16%. There is a provision preventing double payment if the 2018 Performance Award is reinstated by the courts. Tesla's brand loyalty sharply dropped following Musk's support for Trump, with customer loyalty falling from 73% in June 2024 to 49.9% by March 2025 before slightly recovering.
"If the Delaware courts fully reinstate the 2018 CEO Performance Award, this interim award will be forfeited or returned or a portion of the 2018 CEO Performance Award will be forfeited."
"Tesla's customer loyalty peaked in June 2024, when 73 percent of Tesla-owning households in the market for a new car bought another Tesla, but it fell to 49.9 percent by March 2025, below the industry average."
Read at Ars Technica
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