18/6/2024, 11:31:03 am

Musk plans stock option grants to Tesla's high-performers, sources say

Tesla CEO Elon Musk is introducing a stock-based compensation plan for high-performing employees, offering stock option grants for exceptional performance. This move comes after Musk's $56 billion pay plan approval and recent job cuts. Tesla skipped merit-based stock awards last year, which, combined with aggressive price cuts, hurt margins. With Tesla shares down 25% since 2024.