Tesla has granted CEO Elon Musk shares worth about $29 billion in a new pay deal aimed at keeping the billionaire entrepreneur at the helm during a crucial pivot from its struggling core auto business to robotaxis and humanoid robots.

Tesla is awarding Elon Musk over $29 billion of stock in an "interim" pay plan designed to maintain his interest in the company while a larger pay package awarded in 2018 remains held up in court.

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