By Faiz Siddiqui and Margot Amouyal

Tesla’s board of directors renewed its commitment to Elon Musk on Monday by awarding him around $30 billion worth of shares in an effort to keep the company’s chief executive, the world’s richest person, from turning his attentions elsewhere.

The board said it approved 96 million restricted shares, with a market value of nearly $30 billion, calling the award a demonstration of faith.

As a condition to vest the shares, Musk has to continue serving as a Tesla executive for at least two more years and cannot sell the shares for five years.

A court battle is underway in Delaware over Musk’s 2018 compensation package that would have given the CEO $55.8 billion in Tesla shares, after a judge ruled last year that the payout was awarded through an unfair

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