Elon Musk Receives $23.7 Billion Tesla Stock Award

Tesla CEO Elon Musk has been awarded a massive $23.7 billion stock grant by the company's board, aimed at retaining his leadership and focus.

The award includes 96 million restricted shares and comes after a previous compensation package was struck down by a judge earlier this year.

Tesla’s board stated the new arrangement was essential to incentivize Musk’s continued involvement as the company expands its EV and AI ventures.