Retaining Elon is more important than ever before as…, says Tesla board in letter to shareholders as Elon Musk gets highest ever CEO pay package

Tesla's board has granted Elon Musk a $29 billion stock package, citing the need to retain his leadership amidst an intensifying AI talent war. The compensation aims to incentivize Musk's focus on Tesla as it transitions towards AI and robotics, despite current challenges like a stock decline and increased competition.

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