Tesla Approves $29B+ Compensation Package for Elon Musk
Tesla’s board has approved a 96 million-share award for Elon Musk, valued at ~$29–30B, to retain his leadership through 2027. The shares are priced at $23.34 each—mirroring the voided 2018 deal terms—and come with a 5-year holding period.
This move comes after Musk’s repeated calls for more ownership and follows the Delaware court’s rejection of his previous $50B package in early 2024. The board, led by Chair Robyn Denholm, says his continued role is critical as Tesla pivots to AI and autonomous tech.
Tesla shares rose up to 2.6% in pre-market trading on the news. Analysts see this as a stabilizing move, though governance questions remain.
