<h2 class="topline-heading">Topline</h2><p>Tesla approved a stock award worth around $29 billion to Elon Musk, the company disclosed in an <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/0001318605/000110465925073263/tm2522385d1_8k.htm" rel="nofollow noopener noreferrer" target="_blank" class="color-link" title="https://www.sec.gov/ix?doc=/Archives/edgar/data/0001318605/000110465925073263/tm2522385d1_8k.htm" data-ga-track="ExternalLink:https://www.sec.gov/ix?doc=/Archives/edgar/data/0001318605/000110465925073263/tm2522385d1_8k.htm" aria-label="SEC filing">SEC filing</a>, in a move that comes after a judge struck down an earlier multibillion-dollar pay package granted to the carmaker’s centibillionaire CEO.</p><figure class="embed-base image-embed embed-2" role="presentation"><div class="image-embed__placeholder"><img src="https://specials-images.forbesimg.com/imageserve/6890a4e5b9fff0d95b7d06f9/Grok-Chatbot/960x0.jpg?cropX1=0&amp;cropX2=2976&amp;cropY1=4&amp;cropY2=1678" alt="Grok Chatbot" width="100%" height="auto"></div><div style="--article-bg-color:#faf3f1"><div class="bMqrj"><div class="Jp--BF7-"><span style="-webkit-line-clamp:2" class="Ccg9Ib-7 _8XF2kHYM">Tesla approved a stock award worth nearly $30 billion for its CEO Elon Musk. </span></div><small class="pGGCM2aD">Associated Press</small></div></div></figure>

<div class="key-facts-element"><p>In a <a href="https://x.com/Tesla/status/1952310686937190721" rel="nofollow noopener noreferrer" target="_blank" class="color-link" title="https://x.com/Tesla/status/1952310686937190721" data-ga-track="ExternalLink:https://x.com/Tesla/status/1952310686937190721" aria-label="statement issued via Tesla’s X account">statement issued via Tesla’s X account</a>, the company’s board members said the stock award was a “good faith” payment.</p></div><div class="key-facts-element"><p>The statement noted that a “longer-term CEO compensation strategy” for Musk will be put to a shareholder vote at the company’s November 6 annual meeting.</p></div>

The move comes after a Delaware court voided an early multibillion-dollar compensation package for Musk following a shareholder lawsuit.{ai:summary}<p>Tesla has approved a stock award for CEO Elon Musk valued at approximately $29 billion, following a judge's rejection of a previous pay package. The board described the award as a "good faith" payment and plans to present a long-term compensation strategy for Musk at the upcoming shareholder meeting. </p><p>#politics</p>

Musk Awarded Nearly $30 Billion Worth Of Tesla Shares By Board

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