Tesla’s board approved an interim stock award of 96 million shares for CEO Elon Musk early Monday, calling it a “good faith” first step and setting the price per share for Musk to exercise his 2018 CEO award package. A longtime Tesla stock bull said the step could “remove” Tesla stock “overhang.” The EV giant’s board set a 23.34 purchase price for the 96 million shares in Musk’s stock award program, according to regulatory filings.
