Tesla has granted CEO Elon Musk shares worth about $29 billion, in a new pay deal aimed at keeping the billionaire entrepreneur at the helm during a crucial pivot from its struggling core auto business to robotaxis and humanoid robots.
TSLA's regulatory credit revenues plunged 50% YoY in Q2 2025. Policy shifts and rising EV competition could erode this key profit pillar.
The world's richest man just got a lot richer.
Tesla CEO Elon Musk was awarded an interim pay package of 96 million shares of the company. The company said in a filing that the pay package would vest in two years as long as Musk continued as CEO or in another key executive position.
Key Points in This Article: Tesla's (TSLA) efforts to compensate Elon Musk have been repeatedly blocked by Delaware courts, prompting a reincorporation in Texas.
Elon Musk was awarded a new $29 billion pay package by Tesla's board on Monday as his original deal remains tied up in Delaware court.
The EV maker's board granted 96 million shares of restricted stock to its CEO after a judge struck down earlier pay packages.
This is a developing story.
Tesla Inc (NASDAQ:TSLA) has granted chief executive Elon Musk a new pay package of 96 million shares, worth about $29 billion, as it seeks to secure his leadership after a court overturned his original record-setting deal. The award is structured to gradually increase Musk's voting power and keep him focused on Tesla's long-term strategy, Reuters reported.
Banking giant Morgan Stanley has reiterated its bullish outlook on Tesla (NASDAQ: TSLA), naming it the firm's top pick in the U.S. auto sector.
Tesla has announced a proposed compensation package for CEO Elon Musk that would be worth around $29 billion in shares, with the company citing the “ever-intensifying AI talent war and Tesla's position at a critical inflection point” as reasons for the payout.
Tesla has just unveiled a new $29 billion pay package for Elon Musk. The EV giant's board said that the new "good faith" award was necessary to "incentivize and retain" Musk as Tesla's CEO.