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Tesla Board Plans New Pay Deal for Elon Musk After $56B Package Was Overturned

  • Tesla's board is working on a new pay package for CEO Elon Musk after a court overturned his previous $56 billion deal tied to performance goals.
  • A special committee is exploring options to create a new stock-based compensation plan to reward Musk for future performance milestones.
  • Musk desires more control over Tesla's future, aiming for at least a 25% ownership stake and focusing on AI and robotics.
  • Despite the setbacks, Tesla's stock has seen an upward trend with a rise of over 18% in May and 40% since late April, suggesting investors' confidence in the company's future direction.

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