Elon Musk's $29 Billion Tesla Pay Package Sparks Investor Revolt As Major Shareholder Group Demands NASDAQ Probe

Benzinga

Tesla shares face renewed scrutiny after the SOC Investment Group urged NASDAQ to investigate a recent $29 billion equity grant to CEO Elon Musk, according to Fortune. The union-backed shareholder group alleged Tesla’s board violated compensation rules and bypassed a shareholder vote when approving the “2025 CEO Interim Award.” While the package includes restrictions, such as a five-year lock-up period, it lacks performance targets. The move comes as analysts Dan Ives and Gary Black praised the award for stabilizing Musk’s tenure through 2030, though critics flagged governance concerns. The Delaware Supreme Court is also reviewing Musk’s prior $56 billion pay package, struck down in 2024.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:03Tesla shares face renewed scrutiny after the SOC Investment Group urged Nasdaq to investigate a

00:08recent $29 billion equity grant to CEO Elon Musk, according to Fortune. The union-backed

00:15shareholder group alleged Tesla's board violated compensation rules and bypassed a shareholder

00:20vote when approving the 2025 CEO Interim Award. While the package includes restrictions,

00:26such as a five-year lockup period, it lacks performance targets. The move comes as analysts

00:32Dan Ives and Gary Black praised the award for stabilizing Musk's tenure through 2030,

00:37though critics flagged governance concerns. The Delaware Supreme Court is also reviewing

00:42Musk's prior $56 billion pay package struck down in 2024. For all things money, visit Benzinga.com.

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