Tesla Grants Elon Musk $29B Pay Amid AI Talent Battle

Tesla approves a $29B Elon Musk pay package as it faces a fierce AI talent war and critical leadership challenges.

Matilda

Tesla Grants Elon Musk $29B Pay Amid AI Talent Battle

Tesla’s $29 Billion Compensation for Elon Musk Explained Tesla has approved a massive $29 billion compensation package for CEO Elon Musk as the company navigates an intense AI talent war and a pivotal moment in its growth. This decision reflects Tesla’s urgent need to secure Musk’s leadership at a time when competition in artificial intelligence, robotics, and autonomous vehicle technology is accelerating. Many investors and analysts are asking why Tesla is offering such a large payout now, and how it could impact the company’s future performance. Image Credits:ROBIN LEGRAND/AFP / Getty Images The new compensation package, structured through Tesla’s 2019 Equity Incentive Plan, grants Musk 96 million shares that will vest over two years if he remains in a senior leadership role. Unlike his previous 2018 package, this plan does not require Tesla to hit stock price milestones or operational targets. Instead, it focuses solely on retaining Musk’s leadership during a period when Tesla faces c…

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