Tesla awards Elon Musk up to $30 billion in stock to secure his focus and commitment
Tesla's board approved a $30 billion worth of restricted shares for Elon Musk to retain him as CEO, demonstrating strong faith in his leadership.
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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.