Tesla’s board has approved a massive $29 billion stock award to CEO Elon Musk as an “interim award,” intended to honor a previously approved 2018 compensation package invalidated by courts. This move restores expected leadership payouts and signals formal governance endorsement of Musk’s role. Investors had questioned whether Musk might step down following legal setbacks. The award represents an unusually large corporate payout tied to long‑term performance targets. Analysts expect it to influence compensation norms among major tech executives.
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