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Benzinga
Benzinga
Business
Chris Katje

Tesla's Compensation Plan For Elon Musk Removes Overhang, Secures Company's 'Most Important Asset'

Elon Musk Dan Ives Wedbush Nasdaq Tesla Inc. electric vehicle
Elon Musk

A new pay package for Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk could alleviate one of the factors holding back the price of the electric vehicle company’s shares, according to Wedbush analyst Dan Ives in a new investor note.

What Happened: The new pay package comes as Musk made comments over the weekend about his ownership stake in the electric vehicle company.

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