Tesla’s board has approved a $30 billion interim stock award for CEO Elon Musk, a massive payout aimed at keeping the billionaire focused on the electric vehicle maker amid a legal battle over his 2018 compensation package. The new deal, announced on August 4, grants Musk 96 million shares at an exercise price of $23.34, vesting if he remains in a senior leadership role for two years. Details of the Award The package, valued at approximately $29 billion after Musk pays $2.24 billion to acquire the shares, responds to concerns about his divided attention across ventures like SpaceX, xAI, and political activities, including his support for Donald Trump’s campaign. Tesla’s board, led by Chair Robyn Denholm and Kathleen Wilson-Thompson, called...