Tesla awards boss Elon Musk $29bn in shares
Published: 8/4/2025
Tesla has granted Elon Musk $29 billion in shares to retain the billionaire as CEO. The move comes after a US court invalidated Musk's $50 billion pay package in 2018. The award aims to incentivize Musk to remain at Tesla, as the company shifts focus to AI and robotics. Musk's proven track record in building revolutionary businesses was highlighted by Tesla's board.
