Tesla hands $29B comp package to Elon Musk amid ‘AI talent war’
Tesla’s board of directors has announced a new compensation package for CEO Elon Musk worth around $29 billion in shares, with the company citing the “ever-intensifying AI talent war and Tesla’s position at a critical inflection point” as reasons for the payout. The massive pay package is being allocated through a 2019 Equity Incentive Plan that is already approved by shareholders, so it won’t go to a vote, according to a regulatory filing and Ann Lipton, a professor at the University of Colora