Tesla shares are the key to Elon Musk’s ambitions. The Technoking has spent the past eighteen months selling stock in the electric-car company, in part to aid his purchase of Twitter. Shareholders are worried he may sell more. Yet thanks to a generous pay deal his stake in Tesla remains steady.
In 2018, Musk owned 22 per cent of Tesla. Data from the company shows that he still owns just under 21 per cent of its stock, despite large sales. This is because the figure includes tranches of options that have vested from a generous pay deal agreed five years ago.
It could rise further if Tesla agrees to another option-heavy pay deal. Though such a move would be controversial.
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