Tesla Approves $30 Billion Compensation Package for Elon Musk
Tesla's board approved a $30 billion interim stock award for Elon Musk at 2018 prices, securing his leadership amid ongoing legal disputes over past pay packages and recent Autopilot-related litigation. The award, representing about 3% of Tesla's stock and a 15% stake for Musk, aims to retain him as CEO until at least 2030 and remove stock overhang. Despite legal and regulatory challenges, Tesla's stock has experienced volatility but remains in a growth base, with analysts optimistic about its long-term prospects.