Musk plans to grant X stock options based on employee expectations

ChainCatcher news, according to The Verge, Musk sent an email to X employees stating that the company plans to grant stock options based on the expected impact of employees. Employees must submit a one-page summary explaining their contributions to the company in order to receive stock.

Sources say the company still owes employees an annual equity update, which was supposed to be distributed in April. According to two employees, Musk had previously assured staff that they could regularly cash out stock, just like SpaceX employees. However, he has yet to fulfill this promise.