💨 Abstract

Tesla's board approves a $29 billion compensation package for CEO Elon Musk, following legal challenges to his 2018 performance-based pay. The new package, contingent on stock performance, comes amid Musk's political activities, which have hurt Tesla's sales and stock value. Musk does not receive a traditional salary but earns through stock options. Tesla's stock has declined 25% this year, though it rose 3% in premarket trading.

Courtesy: WTOP Staff