Wedbush analyst Dan Ives said on Monday that the Tesla board’s approval of Elon Musk’s pay package has removed an “overhang.” According to him, the board’s decision on Musk’s interim award likely cements his role as CEO through at least 2030.

According to Wedbush analyst Dan Ives in a note Monday, Tesla’s new pay package for CEO Elon Musk eliminates a major uncertainty for the stock and sets the stage for long-term stability.

Tesla gave Elon Musk a stock grant of $29 billion on Monday as a reward for years of “transformative and unprecedented” growth despite a recent foray into right-wing politics that has hurt its sales,