Tesla approved a restricted stock award of 96 million shares, worth about $29 billion, to “incentivize” the controversial billionaire to remain at the head of the company during a protracted legal battle over his original pay package.
Last year, a Delaware court voided Musk’s pay package, valued at more than $50 billion, arguing that the deal was flawed and unfair to shareholders and that Musk held undue influence over its composition. Shareholders had voted twice to approve the hefty…
