Tesla Board's $3B Stock Awards: Excessive or Performance-Based?
Update: 2025-12-15
Description
Teslas board of directors has received over three billion dollars in stock awards, significantly more than directors at other major U.S. tech companies. This information comes from an analysis by compensation specialist Equilar. The value of these initial awards soared as Teslas stock price increased over the years. Tesla directors average compensation between two thousand eighteen and two thousand twenty-four was two and a half times that of Meta directors, who were the next highest paid. However, Teslas board also paid itself in stock options instead of shares, a practice criticized by some experts because it offers significant upside potential without the usual downside risk. New findings from Equilar show that Tesla directors have exercised tens or hundreds of millions of dollars in options and continue to hold large amounts. Four corporate governance experts believe that the extraordinary compensation for Teslas board undermines their independence in overseeing the company and its CEO, Elon Musk.
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