$TSLA - TESLA APPROVES 96 MILLION SHARE AWARD FOR MUSK; STOCK RISES Tesla has approved a 96 million restricted stock award for CEO Elon Musk, boosting shares 2.1% in premarket trading Monday. The "2025 CEO Interim Award" was approved Sunday after a special committee's recommendation. Musk and his brother Kimbal recused themselves from the board vote. The shares are subject to regulatory approval and a performance condition. Tesla says it may not recognize any compensation expense unless that condition becomes likely, which it will reassess quarterly. Based on August 1 prices, the award could be worth about $23.7 billion.