Tesla Offers Massive Stock Package to Keep Musk at Helm Amid AI Ambitions

Tesla Offers Massive Stock Package to Keep Musk at Helm Amid AI Ambitions

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Tesla is angling to retain Elon Musk as CEO with a proposed $29 billion stock award, reigniting the debate over his compensation. The incentive package comes as Tesla doubles down on its AI and robotics endeavors, with the company citing Musk’s leadership as vital to its success. Shareholders will decide whether to approve the award, which would tie Musk to the CEO role until 2027. The proposal surfaces amidst calls from some investors for Musk to refocus on Tesla’s core areas, such as autonomous vehicles and humanoid robots, particularly in light of slowing sales and growing competitive pressures. Musk has emphasized his need for greater control to steer Tesla, especially concerning its burgeoning AI projects.