Tesla Board’s View That Elon Musk Is Irreplaceable Emerged in Pay Trial

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Tesla Board’s View That Elon Musk Is Irreplaceable Emerged in Pay Trial
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Concern among Tesla board members on how to keep Elon Musk's attention trained on the company loomed large during a weeklong trial over his pay

WILMINGTON, Del.—The scale of concern among Tesla Inc. board members about how to keep Elon Musk‘s attention trained on the electric-vehicle maker loomed large during a weeklong trial over the chief executive’s pay package.

A desire to motivate Mr. Musk to focus on Tesla triggered a monthslong pay negotiation that culminated in the shareholders’ approval of a 2018 CEO equity grant valued at roughly $48 billion at recent stock prices.

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