Tesla approves $29 billion stock award for Elon Musk

Tesla has granted Elon Musk a new share award worth approximately $29 billion to retain his leadership amid legal disputes over his previous compensation package and to align his interests with the company's future focus on AI and robotics. The award aims to boost Musk's voting power and ensure his continued role through 2027, as Tesla faces challenges like declining sales, increased competition, and changing market conditions.