On August 4, Tesla bestowed CEO Elon Musk with a grant of 96 million shares, valued at approximately $29 billion. This action aims to secure Musk's continued stewardship of the company and address legal rulings pertaining to compensation schemes. These shares carry an exercise price of $23.34 per share. The intent behind this measure is to incentivize Musk, and consequently, Tesla's share price surged by over 2% in pre-market trading.