After many months of plummeting sales and disastrous earnings, Tesla has awarded its controversial CEO a whopping $29 billion worth of its shares in a bid to keep him at the helm of the carmaker.

After a Delaware judge threw out his astronomical pay package last year, which was worth $56 billion at the time, shareholders are terrified that his incredibly damaging leadership could soon come to an end.

While continuing to attempt to get the pay package reinstated, the board granted him a “good faith” effort in “96 million restricted shares of stock” —…


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Last Update: August 6, 2025