Tesla grants Elon Musk 96 million shares worth $29 billion

Tesla's granting CEO Elon Musk nearly 100 million shares of the company worth roughly $29 billion. That move is aimed at keeping Musk at the helm of the electric vehicle giant as he fights a court ruling voiding his original pay deal for being unfair to shareholders. Last year, a judge in Delaware rejected Musk's 2018 pay package, which was valued at more than $50 billion, saying the way the board approved the money was flawed.Musk is Tesla's largest shareholder with a current stake of roughly 13% in the. ...