Tesla, Inc. (NASDAQ:TSLA) is going through a fundamentally challenging phase, with industry-specific factors, macro environment and some strategic missteps serving as pushbacks. It now appears that CEO Elon Musk is toying with the idea of getting employees motivated with lucrative stock-based compensation awards.
What Happened: In a memo sent to Tesla employees on Monday, Musk said the company is considering paying stock-based compensation for high-performing employees, Reuters reported, citing people who had access to the internal memo.
Benzinga has reached out to Tesla for clarification and is awaiting a response from the company.
The Texas-based electric-vehicle maker reportedly skipped giving stock awards in 2023 as it navigated through inclement conditions. The company has been reporting earnings and revenue misses for three straight quarters now as ...