Elon Musk Receives $29B Package from Tesla as He Seeks Even Larger Payday Following Lawsuit
Elon Musk secures a $29 billion Tesla compensation package after a Delaware court ruling and now seeks an even larger deal. Here’s everything you need to know .
Elon Musk the CEO of Tesla and one of the world’s richest individuals has been granted a massive $29 billion compensation package following a legal battle over his pay . The package which was initially voided by a Delaware judge earlier this year has now been reinstated by Tesla’s board and shareholders . However in a bold move that’s making headlines Musk is reportedly seeking an even larger deal to cement his leadership and vision for the electric vehicle company .
Background The Controversial Compensation Plan
Musk’s original compensation plan approved in 2018 was tied to Tesla’s market performance and required him to meet a series of ambitious milestones . If successful Musk would receive stock options potentially worth tens of billions of dollars . Over time Tesla achieved all of those targets making Musk eligible for the full payout .
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However in early 2024 a Delaware judge ruled that the plan was unfair to shareholders and overturned it citing a flawed approval process dominated by Musk’s influence . The ruling was seen as a major blow to Musk and raised questions about corporate governance at Tesla .
Shareholder Reapproval and Payout
In a dramatic turn of events Tesla’s shareholders voted again in mid 2025 to reinstate Musk’s pay package. With strong backing from institutional investors and retail shareholders alike the vote was seen as an endorsement of Musk’s leadership despite the legal turbulence .
As a result Musk officially received the compensation valued at $29 billion based on Tesla’s current stock price . The package reinforces his position as Tesla’s visionary force though critics argue it sets a dangerous precedent for executive pay .
Musk Eyes Even Bigger Deal
Just days after securing the $29 billion package reports have surfaced that Musk is now seeking an even larger compensation deal one that reflects his growing influence across Tesla’s AI and robotics divisions including the Optimus humanoid robot and self driving technology .
Musk has hinted that his continued involvement in Tesla’s most advanced projects depends on receiving significant control and compensation . According to sources close to the company Musk wants a package that goes beyond mere stock options possibly involving equity grants that could increase his ownership stake or give him more power over product development .
Market Reaction and Public Response
The announcement of Musk’s $29 billion payout drew mixed reactions. Tesla stock saw a moderate uptick with investors seemingly optimistic about Musk’s continued leadership . However critics including shareholder advocacy groups warned that such large compensation deals could undermine investor trust and set unrealistic standards .
Musk remains unfazed by the controversy. On X formerly Twitter he posted a cryptic message “We’re just getting started”
Conclusion
With his $29 billion compensation package officially reinstated and new ambitions for an even greater deal Elon Musk is once again reshaping expectations for corporate leadership and executive pay . Whether Tesla’s board and investors will continue to back him remains to be seen but for now Musk’s influence is undeniably at an all time high .