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Tesla grants CEO Elon Musk $29 billion in stock amid financial challenges and compensation concerns.
Tesla awarded CEO Elon Musk a $29 billion stock grant, consisting of 96 million restricted shares, to retain him amid growing concerns over his compensation and the company’s financial challenges.
This move aims to keep Musk focused on Tesla as he expands his involvement in other ventures like SpaceX and xAI.
The grant comes as Tesla faces falling profits, sagging sales, and shareholder concerns over Musk’s political ties.
Tesla is appealing a court decision that struck down Musk’s previous compensation plan.
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Tesla concede al CEO Elon Musk $ 29 mil millones en acciones en medio de desafíos financieros y preocupaciones de compensación.