As Sales Continue to Plummet, Tesla Is Considering a Massive Payday for Elon Musk

As car sales plunge and its brand image goes up in flames, Tesla's board has formed a special committee of exactly two people to review CEO Elon Musk's compensation — including potentially offering him a brand new pay package in stock options, the Financial Times reports. The two committee members are Tesla's chair, Robyn Denholm, and Kathleen Wilson-Thompson. Its existence was disclosed with just a single sentence in a filing last month, causing major investors to reach out to the board to gauge their feelings on Musk, according to the FT. Along with a new pay package, the committee will also consider ways to compensate Musk for past work if Tesla can't go through with his outrageous 2018 pay package worth over $98 billion in today's stock options, which was blocked by a Delaware judge last year and is currently undergoing appeal in the state's supreme court. Shareholders, meanwhile, are terrified that their supreme leader will leave the company if he doesn't get all the money he w ... Read full article.