Correct. Details can be found discussed in the "Tesla" section of this link: https://www.bloomberg.com/opinion/articles/2018-10-22/front-...

Yes, it's an interesting result of corporate mismanagement, that he gets to sign off (with board approval, but let's be honest about the control they have) on even more equity stake. However, he did have to give up the chairmanship, so overall he lost control of the company though in this dimension (portion of equity ownership) it is an interesting curiosity and contradiction.