Elon Musk pay reboot: Tesla approves $29bn award after court setback, board bets big to retain CEO's focus on AI

Tesla's board has approved a new stock award for CEO Elon Musk, valued at approximately $29 billion, to incentivize his continued leadership. This decision follows a Delaware court's rejection of Musk's previous 2018 compensation package. The new award aims to secure Musk's focus on Tesla, particularly as the company shifts towards autonomous robotaxis and AI-driven technologies.