Tesla asks shareholders to approve $29B comp package for Elon Musk amid ‘AI talent war'

Tesla has announced a proposed compensation package for CEO Elon Musk that would be worth around $29 billion in shares, with the company citing the “ever-intensifying AI talent war and Tesla’s position at a critical inflection point” as reasons for the payout.The new plan will be put to a vote at the company’s annual shareholder meeting, which is scheduled for November. It will also be entirely voided if the Delaware Supreme Court decides to overturn a judge’s January 2024 decision to strike down Musk’s 201 ...