Mr. Agrawal told employees that their stock options would convert to cash when the deal with Mr. Musk closes, which he estimated would take between three and six months. Employees would receive their same benefits packages for a year after the deal was finalized and there were no immediate plans for layoffs, he added.
So, really those two long sentences should be rewritten:
Mr Agrawal, as an officer of the company, engaged in rampant speculation, perhaps to reassure employees (or himself) that their jobs were safe for three months to a year, even though Mr. Musk had repeatedly indicated otherwise.