that vest as the company met more than a dozen milestones. They were estimated to be worth about $55 billion at the time.That same year, shareholder Richard Tornetta filed a lawsuit against Musk and Tesla to
— arguing that it’s excessive, and that the company’s board breached its fiduciary duty in approving it.In solemn tones, Musk recounted how “painful” it was to achieve Tesla’s growth, and that he hasn’t “enjoyed” the benefits of seeing the company’s stock grow more than ten-fold what it was four years ago.
With five companies, including The Boring Company and SpaceX, under his purview, Musk said he hasn’t been to. He's spent the majority of his time over the past few weeks on Twitter, and said his shakeup would be done by the end of next week. When asked about the SEC, Musk said he preferred not to be at war with the regulatory body, but argued they weren’t doing their “duty, citing the,” and he again reiterated his distaste for the role.Other companies such as Rivian have started to offer similar compensation awards.
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