Shares of the EV maker rose 2% in premarket trading following the news
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Tesla's board proposed a new compensation deal for CEO Elon Musk valued at about $1 trillion.
Shares of the EV maker rose 2% in premarket trading following the news.
Tesla's board earlier this year approved an interim compensation package for CEO Elon Musk worth about $29 billion in restricted stock, designed to keep him at the helm through at least 2030 as the company pivots to an AI-first strategy.
(Reporting by Akash Sriram in Bengaluru; Editing by Shreya Biswas and Anil D'Silva)
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