5.02, Reg FD Disclosure

Tesla's board granted Elon Musk 96 million restricted shares — roughly one-third of the contested 2018 pay package — as an interim "good faith" award requiring a two-year service commitment and a five-year holding period, with the shares forfeited if Delaware courts ultimately reinstate the original deal. The move signals the board's urgency to lock in Musk's focus on Tesla's AI and robotics pivot, with a longer-term compensation plan headed to a shareholder vote at the November annual meeting.