Legal expert explains how Elon Musk can get a 25% stake in Tesla
Investment bank Jefferies hosted a discussion focused on the upcoming Tesla’s annual shareholder meeting, where participants, among other things, outlined the potential scenarios that could lead to Elon Musk increasing his ownership in the electric vehicle giant.One of the key components of this possibility revolves around the ongoing legal case in Delaware regarding Musk's 2018 compensation package.
Fixing the compensation package would involve a new process with a fully independent compensation committee and would likely include retrospective pay, the legal expert noted. “A dual-share class/voting share structure is difficult to implement retrospectively in a public company but could be done, e.g., as part of a recapitalization or acquisition,” they highlighted.
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