Tesla Offers $56 Bln Pay Deal to Retain Musk as CEO
Tesla has approved a new compensation package aimed at securing Elon Musk's leadership for at least two more years.
The deal is contingent on Musk maintaining a top executive position and a court ruling not reinstating his contested 2018 pay plan, which remains under appeal.
A special committee within Tesla expressed confidence that the incentive will encourage Musk to stay, acknowledging his wide range of business interests.
Board members Robyn Denholm and Kathleen Wilson-Thompson praised Musk's role in attracting top talent and leading Tesla's evolution beyond electric vehicles into AI, robotics, and related technologies.
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