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International Business Times UK
International Business Times UK
Business
Giuliano de Leon

Is Elon Musk Leaving Tesla? £21B Pay Package Aims to Keep Billionaire CEO in Charge

SpaceX founder Elon Musk was “overcome with emotions” after the successful launch of a manned Crew Dragon on Saturday. He said this to journalists just hours after NASA astronauts Douglas Hurley (53) and Bob Behnken (49) were taken to space to go to the International Space Station. (Credit: Flickr/TV6 News)

Tesla has approved a staggering pay package worth around £21.7 billion (US $29 billion) for CEO Elon Musk in a bold move to secure his continued leadership. The decision comes as the electric vehicle giant faces an ongoing legal battle over Musk's previous record-breaking pay deal, putting his future at the company in question.

The package is designed to keep Musk at Tesla's helm during a critical period of transformation, as the company shifts focus from being solely an electric car manufacturer to a leader in AI and robotics.

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