Tesla Stock Heads For Worst Week In Months — Musk Loses 96M Shares As ‘No Double Dip’ Rule Scraps Interim Pay CEO Elon Musk forfeited 96 million restricted Tesla shares after the company canceled a $29 billion interim compensation award.

The forfeiture was triggered by the “no double dip” principle, which prevents Musk from receiving two compensation structures.

The board approved cancellation of the interim award on Tuesday, with Elon Musk and director Kimbal Musk excluded from the vote.