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Tesla granted Elon Musk a $29 billion stock award, aiming to retain him as CEO amidst recent controversies. This follows a Delaware court's rejection of his 2018 compensation package. The grant, described as a "good faith" measure, comes despite Tesla's declining profits and stock price, partly attributed to Musk's political affiliations. The company highlights Musk's leadership across multiple ventures. While the award addresses shareholder concerns, it also comes after a lawsuit challenging his previous compensation.

Prepared by Christopher Adams and reviewed by editorial team.