Monday, August 25, 2025

Latest

Tesla Board Approves Fresh $29B Pay Structure for Elon Musk

Tesla‘s (Nasdaq: TSLA) board awarded CEO Elon Musk a new $29 billion compensation package, even as his previous record-breaking pay deal remains tied up in Delaware courts.

The package grants Musk 96 million Tesla shares at $23.34 each, reflecting the company’s ongoing efforts to retain its CEO amid competing business interests and legal uncertainties. It also comes as Musk continues appealing a Delaware judge’s decision to void his original 2018 pay package, now valued at up to $101 billion. 

Delaware Chancery Court Judge Kathaleen McCormick has twice rejected the compensation deal, ruling it was unfairly negotiated despite Tesla shareholders voting to reinstate it in June 2024.

In March, Musk’s legal team appealed to the Delaware Supreme Court, arguing McCormick made “multiple legal errors” in her rulings. The attorneys contend Musk’s 21.9% stake in Tesla didn’t give him controlling influence over the board during compensation negotiations.

Tesla board members Robyn Denholm and Kathleen Wilson-Thompson wrote to shareholders that Musk “has not received meaningful compensation for eight years” despite delivering growth that generated “immense value” for investors. 

The also company warned that creating a new compensation plan from scratch could result in $25 billion in accounting charges.

The electric vehicle maker is pivoting toward artificial intelligence and robotics under Musk’s leadership, moving beyond its traditional automotive focus. Tesla’s market capitalization has grown by nearly 1,400% since the disputed 2018 package was approved.

Musk, who owns about 13% of Tesla, doesn’t receive a traditional salary or bonus. His wealth primarily comes from stock option packages tied to company performance milestones.

Related: Elon Musk Lost Top Execs In X, Tesla In A Week 



Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

First Majestic Q2 Earnings: Another Record Quarter

Sandstorm Gold Fades Into Royal Gold Merger

Equinox Gold Q2 Earnings: Back On Track

Recommended

Emerita Resources Expands El Cura Drill Program By 10,000 Metres As Deposit Remains Open For Expansion

ESGold Signs MOU For Tailings Project In Colombia With Grades Up To 42 g/t Gold, 280 g/t Silver

Related News

Tesla Recalls May Be “Insufficient,” Cabin Cameras Also Appear to Be Overheating

Consumer Reports has raised concerns over Tesla‘s (Nasdaq: TSLA) response to the recent recall of...

Friday, December 22, 2023, 03:47:00 PM

Dogecoin Goes Up 8% After Elon Musk Says He’ll Keep Buying

Everyone already knows that when Elon Musk, who was once called the “Dogefather,” says anything...

Monday, June 20, 2022, 04:32:00 PM

Whistleblower Claims Musk’s DOGE Team Stole Labor Data

A whistleblower at the National Labor Relations Board has alleged that officials from Elon Musk’s...

Friday, April 18, 2025, 03:40:00 PM

Tesla To Proceed With Three For One Share Split

Tesla (NASDAQ: TSLA) on Friday confirmed that it will be proceeding with a previously proposed...

Monday, August 8, 2022, 08:08:55 AM

Does Elon Musk Want to Compete with YouTube?

Twitter owner Elon Musk has reportedly made an offer to MrBeast, one of the world’s...

Wednesday, July 12, 2023, 07:39:00 AM