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Tesla Approves Share Award Worth $29 Billion to CEO Elon Musk
UNITED STATES, AUG 5 – Tesla's board approved a $29 billion stock award for Elon Musk to secure his leadership amid legal challenges and fierce competition in electric vehicles and artificial intelligence.
- On August 4, 2025, Tesla's board approved a $29 billion award of 96 million shares for CEO Elon Musk.
- A Delaware court voided Musk's 2018 compensation plan valued at more than $50 billion in early 2024, reaffirmed by Delaware Chancellor Kathaleen St. Jude McCormick after a Tesla shareholder lawsuit.
- According to the filing, the new grant includes 96 million restricted shares vesting over two years if Musk remains in a senior leadership role, with a $23.34 exercise price and $2.24 billion to exercise.
- Tesla shares climbed more than 2% before the market open, and Wedbush analyst Dan Ives said the grant would keep Musk as CEO until 2030 while shareholders vote at the November 6 annual meeting.
- Facing an AI talent war, the Tesla board said this 'good faith' award acts as a strategic step to retain Musk during Tesla's AI and robotics shift.
473 Articles
473 Articles
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