Tesla Deems Retaining Elon Musk 'Crucial' as $29 Billion CEO Compensation Package Begins

Tesla has announced that it will begin the process to compensate CEO Elon Musk with a new pay package worth around $29 billion. In a statement, the company highlighted that Musk hasn’t received “meaningful compensation in eight years” since 2017. The company believes that retaining Musk as CEO is “more important than ever before” as Tesla is at “a critical inflection point that has the potential to create continued extraordinary value” for shareholders.

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