Tesla granting CEO of Elon Musk New $ 29 billion to keep him

On Monday, Tesla was granted the CEO Elon Musk A new deal for the amount worth $ 29 billion aimed at maintaining the billionaire business pioneer at the head of the company, as the company is moving from its troubled electrical business to human robots and robots.

The company described the “temporary prize”, which includes 96 million new shares as a “good -intention” batch to honor a package of more than $ 50 billion from 2018, which was issued by the Dillauer Court last year.

According to the prize conditions, Musk can claim shares if it remains Senior executives in Tesla For another two years and the court does not return the 2018 package, which is currently appealing.

Musk must also keep stocks for a period of five years and can buy them for $ 23.34 per share, which is the same prize exercise price.

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Tesla also plans to launch it in the long run CEO compensation Plan at the annual investor meeting on November 6.

This step aims to maintain Musk, and the general face of the Robotaxi strategy, which focuses on EV maker Because it is subject to a strategic axis.

It also comes amid speculation that the patience of the Tesla Council with musk can wear thin due to billionaire political activity and troubled time to work with Trump administration.

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index	protection	last	Changing	% Change
Timing	Tesla Inc.	309.26	+6.63	+2.19 %

Sales in the company decreased in the midst of a strong competitive scene and a stagnant compound.

Political musk and its broader business empire – including artificial intelligence Spacex Startup Xai and Space Explore – concerns about his focus on Tesla, which is the main source of his wealth. He threatened to leave the company unless he got more control over Tesla.

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With the new stock prize, the Musk share in Tesla will grow from its current level of 12.7 %, the largest of the stock campaign, to 15 %, according to Reuters accounts based on the data collected by LSEG.

This step is still more important in the company’s board of directors, and the leader is the most suitable for facing the company’s challenges in the coming years.

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Before a grant on Monday, Musk had no active compensation plan, and Tesla said he had not received meaningful salaries since 2017.

The council said with Legal battle During the 2018 package expected, the temporary prize is a way to maintain the “extraordinary talent” of musk.

Reuters contributed to this report.