The plan would be voided if the Delaware Supreme Court overturns the decision to spike Musk's $56B comp plan from 2018. A judge ruled in 2024 that plan was unfairly negotiated.

The new package comes just six months after a judge ordered the company to revoke his $56 billion pay package.

Tesla has granted its chief executive Elon Musk $29bn (£21.7bn) worth of its shares, in an attempt to keep the billionaire at the firm. The move comes after a US court struck down his 2018 pay package, worth more than $50bn, ruling that it was "unfair to shareholders".