Tesla CEO Elon Musk will gain approximately $29 billion in shares under a new compensation package, in an effort to at least partially adhere to a $55.8 billion deal from 2018 which was thrown out by a U.

Tesla's board approved a compensation package for Elon Musk worth about $29 billion in order to keep the chief executive focused on the company.

Tesla is awarding Elon Musk over $29 billion of stock in an "interim" pay plan designed to maintain his interest in the company while a larger pay package awarded in 2018 remains held up in court.