Tesla(US:TSLA) Business Insiderยท2025-08-04 10:32Core Points - Tesla has proposed a new pay package for Elon Musk valued at $29 billion, consisting of 96 million restricted shares of Tesla stock [1] - The new compensation package aims to retain and incentivize Musk amid a competitive landscape for AI talent [2] - Musk's previous pay package from 2018, which was valued at approximately $46.8 billion, is currently unresolved following a legal ruling [1] Summary by Sections Pay Package Details - The Tesla board has recommended a "good faith" CEO performance award for Musk, amounting to 96 million restricted shares worth over $29 billion based on current stock value [1] Rationale for New Package - Board members stated that the new pay package is essential to retain and incentivize Musk due to an "ever-intensifying AI talent war" [2] Previous Compensation Context - Musk's 2018 pay package, which was valued at around $46.8 billion in June, remains in limbo after being struck down by a Delaware judge last December [1]