Tesla's board reinstated Elon Musk as the highest-paid CEO with a $29 billion compensation package. This follows years of litigation over a previous pay plan. The new deal, primarily in restricted stock, requires Musk to remain CEO for two years and hold the shares until 2030. While some experts criticize the lack of performance targets, Tesla argues it's crucial for retaining Musk and attracting AI talent. The company's move to Texas from Delaware for incorporation aims to make future legal challenges more difficult.

Prepared by Christopher Adams and reviewed by editorial team.