** Shares of Tesla TSLA.O rise 2.5% to $310 premarket
** Co awards CEO Elon Musk 96 million shares of the company worth about $29 billion
** Musk must pay Tesla $23.34 per share of restricted stock that vests, which is equal to the exercise price per share of the 2018 CEO Award, it said in the filing
** Earlier this year, Tesla said the board of directors had formed a special committee to consider some compensation matters involving Musk
** "While we recognize Elon's business ventures, interests and other potential demands on his time and attention are extensive and wide-ranging ... we are confident that this award will incentivize Elon to remain at Tesla," the special committee said
** Up to last close, stock had fallen ~25% YTD
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