TechFlow, August 4 — According to CNN, Tesla's board of directors announced a new compensation package for CEO Elon Musk worth approximately $29 billion, consisting of 96 million Tesla shares. The decision comes as Tesla continues to appeal legal challenges related to the 2018 compensation plan. The board stated that Musk has not received substantial pay over the past eight years. Notably, Tesla's stock has declined by 25% this year, and the company is gradually shifting its business focus from electric vehicles to artificial intelligence and robotics. As Tesla's largest individual shareholder, Musk currently holds about 13% of the company's shares.
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