Tesla (TSLA) stock was up on Monday after the electric vehicle (EV) company’s Board of Directors approved a special pay package for founder and CEO Elon Musk. The board approved a package that will come with 96 million shares of TSLA stock, which are worth roughly $30 billion. In a letter to shareholders, Tesla said these shares will be offered to Musk despite the legal issues surrounding his 2018 pay package.
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A Delaware court blocked Elon Musk from receiving his 2018 CEO Performance Award, which would have been the largest in U.S. history. Tesla is still battling the court in appeals to reinstate this pay package. If it wins, Musk’s ownership of TSLA stock would increase from 13% to 20%.
The new pay package for Elon Musk is designed to keep the CEO as the head of the EV company. The board believes that Musk’s leadership is crucial for its success. Musk has threatened to leave the company if his TSLA share ownership isn’t increased. He has only recently returned to full leadership after splitting his time between his companies and the Department of Government Efficiency (DOGE). His demands also came after Tesla reported poor results in Q2 2025.
Tesla Stock Movement Today
Tesla stock was up 2.07% in pre-market trading on Monday, following a 1.83% dip on Friday. The shares have also fallen 25.06% year-to-date but have remained up 52.17% over the past 12 months. Roughly 1.5 million shares have traded this morning, compared to a three-month daily average of about 97 million units.
Is Tesla Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for Tesla is Hold, based on 14 Buy, 15 Hold, and eight Sell ratings over the past three months. With that comes an average TSLA stock price target of $310.84, representing a potential 2.71% upside for the shares.
