Elon Musk Awarded $29B Tesla Stock to Lead AI and Robotics Push

Tesla has awarded Elon Musk a $29 billion stock package, reinstating his 2018 compensation plan with shareholder approval. The move comes as Tesla shifts away from a slowing EV business toward a future defined by AI and robotics, including robotaxis and humanoid robots.

The Tesla board emphasized that keeping Musk is “critical,” praising his technical and visionary leadership. The revived stock grant includes 96 million shares, only vesting if Musk remains in a key role through 2027. Once vested, shares must be held for five years.

Meanwhile, Tesla’s Q2 earnings fell short, reporting $22.5B in revenue and $0.40 EPS—below forecasts. However, the company gained $284 million from Bitcoin, thanks to new accounting rules.

In conclusion, while Tesla’s EV sales slow, Musk’s bold push toward AI may redefine its future—and investors are watching closely.