Overview

• Kimbal Musk said on CNBC that his brother has received no pay for six to eight years and that shareholders should decide on compensation.
• Tesla granted Elon Musk an interim award equal to about 96 million shares, valued around $29 billion, without a shareholder vote.
• The package was approved by a special board committee, with Elon and Kimbal Musk recusing themselves, and requires Musk to remain in a key executive role for two years to vest.
• SOC Investment Group asked Nasdaq this week to investigate whether Tesla should have sought shareholder approval under listing rules.
• A Delaware judge previously voided Musk’s 2018 $56 billion pay plan, Tesla is appealing, and the special committee says a longer‑term CEO compensation proposal will go to a shareholder vote in November.