Delaware Supreme Court Reinstates Musk's $56B Pay Package
Update: 2025-12-19
Description
The Delaware Supreme Court has reinstated Elon Musks $56 billion pay package from Tesla, ending a multi-year legal battle. This decision overturns a previous ruling that had invalidated the compensation. Musk had previously moved Teslas incorporation to Texas due to this dispute, setting a precedent for other companies. Tesla is now likely to withdraw a separate $29 billion pay package offered to Musk earlier this year. The original 2018 award, which Musk successfully met, was initially struck down due to a shareholder lawsuit alleging improper negotiation and lack of shareholder information.
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