The post Tesla Grants Musk $30B in Shares to Retain CEO Role appeared first on Coinpedia Fintech News
Tesla’s board has approved a new pay package for CEO Elon Musk, granting him 96 million shares valued at about $30 billion. The decision comes after Musk hinted he might leave the company if not awarded more stock. The new deal is designed to keep Musk leading the company as it expands its electric vehicle business. By approving this substantial stock award, Tesla reinforces its trust in Musk’s vision and leadership for the company’s future growth.