Stock option grants for 'exceptional performance'

From:: Elon Musk
Date:: June 2024 (Electrek (June 18, 2024) says Musk made the announcement 'last week')
To:: Tesla employees

Partial text. Only these passages were published; [...] marks a gap.

Over the next few weeks, Tesla will be doing a comprehensive review to provide stock option grants for exceptional performance. There will also be an ongoing program to award spot option grants for anyone who does something outstanding for the company. Thanks for everything you're doing to make Tesla successful.

About this email

After the 2024 layoffs and suspension of stock awards, Musk tells employees Tesla will run a comprehensive review to award stock options for exceptional performance and start an ongoing spot-grant program.

Notes

FLAG: the Electrek page retrieved does not state the medium; other outlets (CNBC, Bloomberg) reported this as a company-wide email from Musk, but that could not be re-verified in this session. Treat the 'email' classification as unconfirmed.

Where it came from

Leaked to press; attribution widely reported.

Electrek

Tesla, company-wide memo. Tags: stock-options, compensation, performance, retention

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