lawrence’s Substack • 36 HN points • 13 May 24
- The Tesla board attempted to 'ratify' Musk's 2018 options package instead of granting a new one due to legal challenges and potential losses for the company.
- Creating a new stock options grant for Musk would lead to massive expenses for Tesla and put the company in financial jeopardy.
- Musk does not want a new package as the prospects for Tesla's stock price growth have diminished, making a new reward less appealing, and also resulting in potential tax issues for him.