Tesla’s board has approved a 2025 CEO Interim Award that will grant Chief Executive Officer Elon Musk 96 million restricted shares, according to a regulatory filing. The stock represents roughly one-third of the controversial 2018 CEO Performance Award that remains tied up in Delaware litigation. Based on current trading levels, the new package is valued at about $30 billion. The grant will vest two years after its Aug. 3, 2025 date of grant if Musk remains in eligible service as chief executive or a senior product or operations executive. Musk must pay $23.34 for each share that vests—matching the exercise price on the 2018 award—and he cannot sell, transfer or otherwise dispose of the stock for five years after vesting, except to cover taxes or the purchase price. The award includes a “no-double-dip” provision: if the Delaware Chancery Court ultimately reinstates the disputed 2018 options in the case known as Tornetta v. Musk, the new shares would be forfeited or reduced to prevent overlapping compensation. The filing says the board considers retaining Musk “more important than ever.” Tesla shares rose about 2 percent in pre-market trading following the announcement.