US EditionTesla Approves Share Award Worth $29 Billion to CEO Elon Musk
UNITED STATES, AUG 6 – Tesla's board approved a $29 billion stock award to retain Elon Musk amid legal battles over his previous pay package and rising competition for AI talent, the company said.
- On August 04, 2025, Tesla Inc. approved an interim stock award worth about $30 billion for Elon Musk, ahead of the Nov. 6 shareholder vote.
- Earlier this year, Tesla’s board formed a special committee to consider some compensation matters involving Musk, after a Delaware court voided Musk's 2018 pay award valued at over $50 billion.
- Award includes 96 million restricted shares vesting after a two-year term, with Elon Musk required to pay $23.34 per share exercise price.
- In premarket trading, Tesla’s stock rose 2.33% to $309.69, and Wedbush analyst Dan Ives said it `will keep Musk as CEO of Tesla at least until 2030`.
- Ahead of November 6, Tesla will seek shareholder approval of a long-term CEO compensation plan, a move Ives called `a strategic move by the board to solidify Musk as CEO of Tesla over the coming years.
448 Articles
448 Articles
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