Reported 27 days ago
Tesla has awarded CEO Elon Musk shares valued at approximately $29 billion to secure his leadership during a critical shift from its struggling automotive business towards robotaxis and humanoid robots. This grant of 96 million shares is seen as a gesture to honor Musk's previous pay package that was overturned by a court last year. The company plans to introduce a long-term compensation plan for Musk at its shareholder meeting in November, as it faces challenges including declining sales and increased competition.
Source: YAHOO