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BTCC / BTCC Square / Global Cryptocurrency /
Elon Musk Granted $29B Tesla Stock to Pivot Company Toward AI and Robotics

Elon Musk Granted $29B Tesla Stock to Pivot Company Toward AI and Robotics

Author:
Global Cryptocurrency
Published:
2025-08-04 14:33:02
11
1
BTCCSquare news:

Tesla's board has approved a $29 billion stock award for CEO Elon Musk, reinforcing his leadership as the company shifts focus from electric vehicles to artificial intelligence and robotics. The grant, part of a 2018 performance-based compensation plan, comes amid slowing growth in Tesla's Core auto business.

Shareholders recently revived the previously blocked pay package, endorsing Musk's vision for ventures like robotaxis and humanoid robots. "Elon is a proven builder of revolutionary, profitable companies," Tesla's board stated on X, emphasizing the need to retain top talent during this strategic transition.

|Square

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