Tesla's board of directors has approved a $29 billion stock award for CEO Elon Musk, granting him 96 million shares. This move aims to retain Musk's leadership and ensure his continued focus on the company's mission. The award is contingent on Musk remaining in a senior executive role until August 3, 2027, and includes restrictions on selling the shares until August 2030.

*Key Details:*

- *Stock Award Value*: Approximately $29 billion based on Tesla's recent share price

- *Number of Shares*: 96 million restricted shares

- *Vesting Conditions*: Musk must remain as CEO until August 3, 2027

- *Exercise Price*: $23.34 per share, mirroring the 2018 compensation plan

- *Holding Period*: Musk cannot sell the shares until August 3, 2030

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