Reported over 1 year ago
Elon Musk plans to provide stock option grants to high-performing employees at Tesla. The initiative follows Musk's recent $56 billion pay plan approval and job cuts at the company due to slowing demand and increased competition. Tesla will conduct a comprehensive review to grant stock options for exceptional performance, along with spot option grants for outstanding contributions. The company did not immediately respond to requests for comments. Last year, Tesla did not award merit-based stock options to employees, impacting margins. Since the beginning of 2024, Tesla has seen a 25% drop in shares and warned of a significant sales slowdown.
Source: YAHOO