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Tesla awards Musk $29B pay package

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The Tesla Board of Directors is awarding CEO Elon Musk a $29 billion pay package.

The pay package includes 96 million Tesla shares.

Tesla officials said in a letter to shareholders that Musk has “not received meaningful compensation for eight years." The company is also working to reinstate his 2018 pay package amid a shareholder lawsuit.

Read more from CNN.

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