$29 billion for loyalty: Tesla approves new bonus for Musk

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Tesla approved a $29 billion bonus for Elon Musk, on the condition that he remains in a key position until 2027. This step should eliminate the uncertainty surrounding the future head of the company - against the backdrop of falling sales and legal disputes.

$29 billion for loyalty: Tesla approves new bonus for Musk
The new bonus replaces the $56 billion package previously canceled by the Delaware court, which was approved in 2018 and deemed invalid due to a conflict of interest.

The voting of shareholders on the new agreement is scheduled for November 6. If the court reinstates the previous compensation, the new package will be canceled or credited.

Despite criticism, Tesla's shares rose 2% after the announcement. The company is experiencing a decline in sales and competition, Musk warns of "difficult quarters" before the mass introduction of autopilot and robotics.

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