Tesla’s board has approved a new $29 billion pay package for Elon Musk, awarding him 96 million shares and securing his role as CEO through at least 2030. Wedbush analyst Dan Ives praised the decision, saying it removes the uncertainty caused by last year’s Delaware court ruling that struck down Musk’s earlier $56 billion package. He called it a resolution to the “soap opera” that had hung over Tesla’s leadership. Future Fund’s Gary Black also viewed the move as positive for Tesla’s stock, saying it aligns Musk’s incentives with shareholder interests and eliminates a lingering overhang on the company’s valuation. Both investors see the package as reinforcing stability at the top of the EV maker during a challenging sales period. Tesla has faced declining sales in multiple markets, with California deliveries dropping more than 21% and steep declines in Sweden, France, and Denmark. The automaker is also expanding its ride-hailing service into the San Francisco Bay Area, covering more territory than Alphabet’s Waymo but still using safety drivers instead of full autonomy. Critics like Ross Gerber argue the approach undermines Tesla’s robotaxi ambitions, but the board’s decision signals strong confidence in Musk’s long-term leadership as the company navigates a competitive and evolving EV landscape.