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Tesla CEO Elon Musk has informed employees that the electric vehicle maker is working on stock-based compensation for high-performing staff. This initiative, detailed in an internal memo, aims to reward top performers amidst the company's recent financial challenges. Tesla, $TSLA, has reported earnings and revenue misses for three consecutive quarters, with demand faltering and margins contracting. The move follows shareholder backing of Musk's $56 billion pay package. The information was reported by Reuters.
Tesla CEO Elon Musk told employees that the electric vehicle maker is working on stock-based compensation for high-performing employees: Reuters $TSLA
$TSLA | Elon Musk Lures Tesla Employees With Stock Awards After His $56B Pay Package Receives Shareholder Backing: Report Tesla has been reporting earnings and revenue misses for three straight quarters now as demand faltered and margin contracted.
$TSLA TESLA WORKING ON STOCK-BASED COMPENSATION FOR HIGH-PERFORMING STAFF - SOURCES CITING MEMO FROM CEO ELON MUSK
