00:00Tesla has granted Elon Musk 96 million restricted shares, worth about $29 billion,
00:06with vesting contingent on Musk remaining in an executive role through at least 2027.
00:12The grant comes after a Delaware court invalidated Musk's original 2018 pay package,
00:18valued at over $50 billion, which was ruled to have been approved via flawed board negotiations.
00:24Elon Musk must pay $23.34 per share,
00:28the same exercise price as the voided award,
00:32and Tesla says the new package will either be forfeited or offset if the court reinstates the original deal.
00:38Analysts see the move as Tesla's effort to ensure Musk stays through 2030,
00:43remove shareholder uncertainty,
00:46and stabilize its share price amid slowing sales and mounting competition.
