Tesla (TSLA.O) on Monday granted CEO Elon Musk 96 million new shares valued at about $29 billion, reinforcing his leadership as he contends with a court ruling that voided his original, shareholder-disputed compensation package.
In 2024, a Delaware judge struck down Musk's 2018 compensation plan - worth more than $50 billion - for a second time, citing a flawed board approval process that failed to protect shareholder interests. READ MORE