It’s no surprise the move is giving Tesla stock a boost—investors will be hoping it keeps Musk at the helm, at a time when the world’s richest person is juggling roles at several other companies and outlining plans to launch his own political party.

Tesla Inc. approved an interim stock award of 96 million shares for Chief Executive Officer Elon Musk and said it would put a longer-term CEO compensation strategy ahead of a vote at the EV maker’s Nov.