no matter the vote result, it will drop, right?
if voted yes to give Elon the big bonus, it will dilute the stock's value; if voted no, it will be bigger disaster since Elon may leave.
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TeslaSmurf : Not exactly: those stocks are already there, as included in the CEO compensation package. Besides, they are not free: Elon would have to pay Tesla about 7,5 Billions to exercise them. ALSO, it won’t happen immediately since he’s forbidden to sell them before 5 years (with the exception of those needed for tax obligations). I see no issue… for now.
71783021 OP : thank you buddy for the explanations![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Milk This Cow TeslaSmurf : exactly, and even Elon says that he might reinvest the money to Tesla.
埃隆马✅ : When to vote
ZnWC TeslaSmurf : I agree. Tesla board has refuted the claim that Elon Musk's 2018 compensation package would "dilute" the stock. EM also explained in X:
"The deal allows me to sell enough stock to pay the taxes. The remaining stock must be held for 5 years, so it is impossible for me to cash out and run."
You can read more here:
Tesla board responds to ISS in four-page shareholder letter - Teslarati