Tesla Doubles Down on Elon Musk with $29 Billion Stock Grant Amid Legal Turbulence

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2025-08-05 07:31:02

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Tesla's board has granted Elon Musk 96 million shares worth approximately $29 billion, reinforcing its bet on the controversial CEO despite ongoing legal challenges. The MOVE follows a Delaware court's invalidation of Musk's 2018 compensation package, which had awarded him $50 billion in stock options.

A special committee designed the new grant to ensure Musk's continued leadership, though Tesla hasn't disclosed performance conditions attached to the massive award. The decision highlights the electric vehicle maker's dependence on its founder during a period of significant market and legal uncertainty.

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