Tesla has just awarded CEO Elon Musk a stock award worth $29 billion to keep him leading the company during its significant transition to AI and robotics.
This award is part of a plan approved since 2018, incentivizing Musk to continue advancing Tesla beyond the declining electric vehicle sector, focusing on a future that includes robot taxis and humanoid robots.
MAIN CONTENT
Elon Musk receives $29 billion worth of stock under the long-term salary plan approved by shareholders.
The board appreciates Musk's vision and technical capabilities, committing to retain him at Tesla.
Tesla's electric vehicle sales are declining, and the company is ramping up development of AI, robot taxis, and humanoid robots as its future direction.
How does Tesla's board evaluate Elon Musk's vision?
Tesla's board of directors emphasizes that retaining top talent, particularly CEO Elon Musk, is a top priority. They praise him as a leader with exceptional technical skills and a track record of building revolutionary companies.
When announcing on X (formerly Twitter), Tesla emphasized that Musk's unique blend of leadership and technical skills is crucial for driving the company to robustly develop projects like robot taxis and humanoid robots, seen as Tesla's future.
"Keeping Elon at Tesla is essential for the company to continue developing breakthrough and profitable projects."
Robyn Denholm, Chair of Tesla's Board of Directors, 2025
What is the origin of Elon Musk's $29 billion stock award?
This stock award stems from the 2018 salary agreement, aimed at rewarding Musk when he achieves growth targets in Tesla's value and revenue. Earlier in 2025, a court temporarily halted this plan, but recently shareholders voted to reapprove it, allowing Musk to receive the award.
Tesla has issued 96 million new shares as a goodwill gesture to fulfill its $50 billion commitment in the initial plan. The new long-term salary plan will be presented and voted on at the shareholders' meeting on November 6, 2025.
What are the conditions for shareholder approval and the terms of the new stock ownership?
Musk's new shares will only be vested if he remains in a key executive position at Tesla until 2027. After being vested, Musk must hold the shares for at least 5 years, with exceptions only for tax payments or purchasing at $23.34 per share.
In the event that the court reinstates the 2018 salary agreement, this award may be canceled or adjusted to avoid salary duplication. The plan is supported by a special committee including Robyn Denholm and Kathleen Wilson-Thompson.
"Although Musk has many projects, we believe this award will encourage him to continue his commitment to Tesla."
Kathleen Wilson-Thompson, Member of Tesla's Special Committee, 2025
What is the impact of the salary plan on Tesla's stock and the cryptocurrency market?
Information about the new salary plan has driven Tesla's stock up by 2%, however, the stock price has still decreased by 25% this year due to low sales, outdated models, and negative consumer responses to Musk's political views.
Tesla's Q2 revenue reached $22.5 billion with earnings of $0.40 per share, lower than expected. However, the $284 million profit from cryptocurrency assets stood out, increasing the value of Bitcoin holdings from $951 million to $1.24 billion, despite Tesla having sold over 75% of its purchases at a low price.
Frequently Asked Questions
Which salary plan is Elon Musk's $29 billion stock award related to?
This award is part of the 2018 salary agreement, aimed at recognizing Elon Musk's contributions and major development goals at Tesla.
What conditions must Musk meet to own the shares?
He must maintain a key executive role at Tesla until 2027 and hold the shares for at least 5 years after they are acquired.
Why did Tesla's stock decrease despite good news?
Reasons include declining vehicle sales, outdated models, and the negative impact of Musk's political views on customer loyalty.
How does Tesla benefit from the cryptocurrency market?
Tesla recorded a profit of $284 million from the increase in Bitcoin value, helping to improve the company's cryptocurrency assets in 2025.
When will Tesla's new salary plan be approved?
This plan is expected to be presented for shareholder voting at the annual meeting on November 6, 2025.
Source: https://tintucbitcoin.com/elon-musk-nhan-29-ty-usd-co-phieu/
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