Tesla is asking shareholders to approve a $29 billion compensation package (roughly 377 trillion UZS) for CEO Elon Musk, according to TechCrunch.com.
The proposal comes amid intensifying competition in the field of artificial intelligence, with Tesla aiming to retain Musk’s leadership at a critical time.
The package is largely composed of stock options that Musk would earn if certain financial milestones are achieved.
Tesla leadership argues that Musk’s guidance is essential to transforming the company into a global leader in AI and robotics.
The move follows a court decision that invalidated Tesla’s 2024 compensation plan, prompting the company to revise and resubmit the offer.
Shareholder voting is expected in the coming weeks and could significantly shape Tesla’s long-term strategic direction.
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