Tesla has granted its chief executive Elon Musk $29bn (21.7bn) worth of its shares, in an attempt to keep the billionaire at the firm. The move comes after a US court struck down his 2018 pay package, worth more than $50bn, ruling that it was "unfair to shareholders".
Musk has been appealing against the decision made by the Delaware court in 2024 and on Monday Tesla told shareholders it was "confident" that the $29bn of shares "will incentivize Elon to remain at Tesla" especially as "the war for AI talent is intensifying". The award should boost Musk's voting power on the electric car company's board.
Drudge Retort Headlines
Jack Smith Under Investigation by Office of Special Counsel (43 comments)
85% of Parents Fear Trump Tax Back-to-School Costs (18 comments)
Trump Says Job Numbers Were Rigged (18 comments)
Humanity May Reach Singularity Within Just 5 Years, (17 comments)
It's the Worst Time to Be an American Farmer in Decades (15 comments)
What's Horrifying About Kids who Get Phones Early in Life (14 comments)
India Says No to F-35 Fighter Jets from US (14 comments)
Trump Gushes over Karoline Leavitt's Lips (14 comments)
Report: DOGE Wasted $21.7 Billion of American Taxpayer Money (14 comments)
Stagflation Fears are Back (13 comments)