Tesla approved to grant Musk 96 million shares of stock as a reward, provided that Musk serves as an executive until August 3, 2027.

According to Tesla's 2019 stock incentive plan, 96 million restricted shares were approved to be granted to CEO Elon Musk. The award was approved on August 3 based on the recommendation of a special board committee. The shares will vest if Musk remains in executive positions before August 3, 2027. Musk must pay $23.34 per share when the shares vest, the same price as the 2018 award. A special committee was established in early 2025 to evaluate Musk's compensation.