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Delaware Court Reinstates Musk's $56B Pay, Tesla Moves to Texas
The Delaware Supreme Court reversed a lower courts decision, restoring Elon Musks massive pay package from Tesla, initially valued at fifty-six billion dollars. This ruling allows Musk to receive compensation for his work since 2018, transforming Tesla into a world-leading company. The pay package was initially struck down due to director conflicts and hidden facts from shareholders. Musk had criticized the decision, threatening to leave Tesla. Shareholders recently approved a new, potentially worth eight hundred seventy-eight billion dollars, pay plan. Tesla reincorporated in Texas to prevent future legal challenges, making it harder for small shareholders to contest compensation plans.
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Published on 2 weeks ago