Tesla Fights To Avoid The Steep Cost 0f Scrapping Elon Musk's Pay Package

17 Dec 2024 | Abstracted from Financial Times

"...a new package could trigger a $50bn-plus corporate accounting charge and separately impose a punitive tax rate of up to 57 per cent on Musk's shares, triggering a massive tax bill...If Tesla prevails in its appeal, which must be filed within 30 days of the December 2 ruling, Musk would pay the standard federal rate of 37 per cent tax for stock compensation when he exercises his 2018 options, which he is under no obligation to do until 2028."

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