Tesla's board has approved a new $29 billion pay package for CEO Elon Musk, following legal challenges to his 2018 performance award. Musk, who has not received a cash salary or bonus for eight years, would receive 96 million shares of Tesla at a discounted price. Despite legal battles and Musk's foray into politics, the board praised his transformative growth at Tesla. The company's stock has fallen 25% this year, but Musk's focus on AI and robotics aims to reshape Tesla's future.
Source: https://www.cnn.com/2025/08/04/business/elon-musk-pay-package