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Reading: Tesla grants Musk large pay deal to maintain CEO on board amid authorized battle
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The Wall Street Publication > Blog > Markets > Tesla grants Musk large pay deal to maintain CEO on board amid authorized battle
Markets

Tesla grants Musk large pay deal to maintain CEO on board amid authorized battle

Editorial Board Published August 4, 2025
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Tesla grants Musk large pay deal to maintain CEO on board amid authorized battle
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William Blair power and energy applied sciences group head Jed Dorsheimer discusses what to look out for after the Tesla earnings name and extra on The Claman Countdown.

On Monday, Tesla granted CEO Elon Musk a brand new $29 billion pay deal aimed toward preserving the billionaire entrepreneur on the helm as the corporate pivots from its struggling electrical automobile enterprise to robotaxis and humanoid robots.

The corporate described the “interim award” of 96 million new shares as a “good faith” cost to honor the greater than $50 billion pay bundle from 2018 that was struck down by a Delaware court docket final yr.

Beneath the phrases of the award, Musk can declare the shares if he stays a high govt at Tesla for one more two years and a court docket would not reinstate the 2018 bundle that’s presently underneath attraction.

Musk additionally has to carry the shares for 5 years and should buy them for $23.34 per share, the identical because the train value of his 2018 award.

TESLAS CONTINUE TO BE VANDALIZED DESPITE CEO ELON MUSK’S FALLOUT WITH WHITE HOUSE

Tesla CEO Elon Musk’s 2018 pay bundle, valued at greater than $50 billion, is presently the topic of an ongoing authorized battle. (Jamie Kelter Davis/Bloomberg by way of Getty Photos / Getty Photos)

Tesla can be planning to place ahead a longer-term CEO compensation plan at its annual investor assembly on Nov. 6.

The transfer is meant to maintain Musk, the general public face of Tesla and the architect of its robotaxi technique, centered on the EV maker because it undergoes a strategic pivot.

It additionally comes amid hypothesis that the Tesla board’s persistence with Musk might be carrying skinny due to the billionaire’s political activism and tumultuous time working with the Trump administration.

MUSK GAVE $15M TO SUPPORT TRUMP, REPUBLICANS AFTER WHITE HOUSE SPLIT, CALLED FOR NEW PARTY WEEKS LATER

Ticker Safety Final Change Change % TSLA TESLA INC. 302.63 -5.64
-1.83%

Gross sales have been falling on the firm amid a tricky aggressive panorama and a stagnant automobile lineup.

Musk’s political involvement and his wider enterprise empire – together with synthetic intelligence startup xAI and area exploration agency SpaceX – have additionally prompted considerations about his deal with Tesla, which is the primary supply of his wealth. He has threatened to go away the corporate until he will get extra management over Tesla.

ELON MUSK ALLY WHO WORKED ON DOGE LEAVES GOVERNMENT

Elon Musk in a MAGA hat

Elon Musk’s position within the Trump administration sparked protests in opposition to Tesla. (Win McNamee/Getty Photos / Getty Photos)

With the brand new inventory award, Musk’s stake in Tesla would develop from its present degree of 12.7%, the biggest amongst stockholders, to fifteen%, in keeping with Reuters calculations primarily based on information compiled by LSEG.

The transfer to present Musk extra vital management of the corporate’s board nonetheless sees him because the best-suited chief to handle the corporate’s challenges within the years forward.

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Previous to Monday’s grant, Musk had no lively compensation plan, and Tesla stated he hadn’t acquired significant pay since 2017. 

The board stated that with the authorized combat over the 2018 bundle anticipated to proceed, the interim award is a method of retaining Musk’s “extraordinary talent.”

Reuters contributed to this report.

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