Overview

• Kimbal Musk said his brother has received no pay for the past six to eight years and argued he deserves compensation.
• The Tesla board’s special committee approved an interim award of 96 million restricted shares, worth about $29 billion, set to vest over two years if Elon Musk remains in a key role.
• Both Elon and Kimbal Musk recused themselves from the committee process, according to a letter from board members Robyn Denholm and Kathleen Wilson‑Thompson.
• The interim grant was not put to a shareholder vote, and SOC Investment Group has urged Nasdaq to investigate potential listing‑rule issues.
• A Delaware judge ordered cancellation of Musk’s $56 billion 2018 pay package in December 2024, which Tesla is appealing, while Musk has previously sought roughly 25% voting control tied to his AI and robotics ambitions.