Billionaire wants more control over the carmaker to ensure ‘it goes in a good direction’

Tesla has granted CEO Elon Musk 96 million shares worth about $29 billion, a move aimed at keeping the billionaire entrepreneur at the helm.

Billionaire chief executive threatened to leave the electric vehicle maker if he was not given more stock

Tesla's board hopes to retain Elon Musk amid a fight for tech talent in the sector.

Shareholders meet in November to approve the new stock grant.

Billionaire wants more control over the carmaker to ensure ‘it goes in a good direction’

It comes after a judge ordered the company to revoke Musk’s massive pay package