🚘 Tesla Board Approves Musk's $29 Billion Pay Amid 24% Stock Drop

Tesla's board of directors has approved a massive, $29 billion compensation deal for CEO Elon Musk, even as the electric-car maker grapples with a steep decline in its share price.

Earlier this month, the company revealed that its second-quarter vehicle deliveries were down 13% year over year, and Tesla shares have tumbled 24% since January.

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