AssetID: 54967900
Headline: UNCAPTIONED: Tesla Grants Elon Musk $29 Billion in Shares to Keep Him at the Helm
Caption: Tesla Grants Elon Musk $29 Billion in Shares to Keep Him at the Helm. Tesla has awarded its CEO, Elon Musk, a massive $29 billion in company shares, aiming to secure his commitment to the electric car giant. The move follows a Delaware court decision earlier this year that struck down Musk’s 2018 $50 billion pay package, calling it unfair to shareholders. Tesla says the new award is designed to “incentivize Elon to remain at Tesla” as competition for AI talent intensifies. The grant will increase Musk’s voting power on Tesla’s board. The company’s directors praised his “remarkable leadership and technical expertise” and highlighted his track record of building revolutionary, profitable businesses. If the court later reinstates the original $56 billion deal, Musk would return the new shares to avoid double compensation. That original package remains the largest potential pay deal in US corporate history tied to Tesla meeting ambitious milestones in market value, sales, and profit. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Motoring,Tesla,awarded,CEO.,Elon Musk,$29 billion,shares,head up,electric,car giant,secure,commitment,shareholders,incentivise,AI talent,intensifies,voting power,board,remarkable leadership,technical expertise
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