Tesla offers Elon Musk $29 billion

Elon Musk will receive $29 billion in Tesla shares, a payment expected since 2018, after a Delaware judge blocked it on the grounds that the board was not impartial, shareholders were misinformed and the reward was excessive.

Tesla board awards $30bn of shares to Elon Musk

— The Guardian (@theguardian.com) 2025-08-04T13:45:06Z

The board formally approved a new plan, similar to the 2018 one, presented as a symbolic reward for Elon Musk.

In trade, Tesla ensures that Elon Musk will remain at the helm of the company until 2027.

The board relies on a valid and more transparent shareholder vote to avoid a judge blocking Musk’s compensation again.

Tesla’s plan calls for 96 million shares for Elon Musk to buy at a fixed price of $23.34, as in Tesla’s original plan proposed in 2018.