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Joseph E. Bachelder III

On Jan. 21, 2018, Tesla, the electric car manufacturer (also in the business of sustainable energy generation and storage), granted its chairman and chief executive officer, Elon Musk, an option, subject to shareholders’ approval, to acquire 20,264,042 shares of Tesla (representing 12 percent of the then outstanding shares). Tesla’s shares are traded on NASDAQ. As of the grant date of the option, the market cap of Tesla was approximately $59 billion.

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