Tesla has approved a new stock-based compensation package worth approximately $29 billion for CEO Elon Musk. This interim award consists of 96 million restricted shares and aims to secure Musk's leadership at the electric vehicle maker through at least 2027, with some reports extending the commitment to 2030. The move follows a Delaware court's invalidation of Musk's previous $56 billion pay package from 2018. The new grant increases Musk's stake in Tesla to around 15-16% and is tied to ambitious goals in artificial intelligence, autonomy, and energy. Tesla's board has stated that the package is intended to keep Musk focused on the company's strategic initiatives amid ongoing legal challenges and competitive pressures, including the intensifying war for AI talent. Analysts have viewed the approval as a strategic step to stabilize Tesla's leadership during a period marked by declining sales and earnings.