New York. Tesla granted actions to its executive director, Elon Musk, For an approximate value of 29,000 million dollars, as reported by the company on Monday, with the aim of helping to “retain” the tycoon after a judge annulled its previous salary package.
Meanwhile, the company approved a package of 96 million shares for Musk, which could be used after two years of service in a “senior management” in Tesla.
“Today, Tesla is at a critical turning point that has the potential to generate extraordinary and continuous value for shareholders. Thanks to the vision and unique leadership of Elon, Tesla is evolving since her role as a leader in the industries of electric vehicles and renewable energies to become a leader in artificial intelligence (AI), robotics and related services,” said the company in a statement.
Musk, who is the richest person in the world, scored last month that he wanted more Tesla actions.
In 2024, a Delaware Court annulled the 2018 Musk compensation package, valued at more than 50,000 million dollars, claiming that the approval process of the Tesla board of directors was defective and unfair for shareholders.
However, the founder of Spacex and owner of the social network will not receive this new award if the company earns its case before the Supreme Court of Delaware, which invalidated the Musk salary package of 50,000 million dollars in 2018.
Musk’s vision for the company is to create an electric vehicle platform of Robotaxis, as well as humanoid robots, which makes the car company more focus on AI and robotics.
The company’s shares have fallen almost 20 % this year. Tesla’s shares raised more than 2.30 % in the stock market.
Tesla electric cars sales have been affected this year due to greater competition, a range that needs a Musk renewal and political intervention in the United States.
