Elon Musk and Tesla were sued by shareholders who accused them of securities fraud for concealing the significant risk that the company's self-driving vehicles, including the Robotaxi, were dangerous.

Shares of Tesla Inc. were climbing Monday after the electric-vehicle giant’s board of directors approved Chief Executive Elon Musk’s pay package, which includes an award of $29 billion worth of stock.

The “interim” package announced on Monday was intended to help retain Elon Musk, whose previous pay plan was invalidated by a judge.