Delaware Supreme Court Reinstates Musk's $56B Pay
Update: 2025-12-19
Description
The Delaware Supreme Court reinstates Elon Musks 2018 Tesla pay package, valued at $56 billion, overturning a lower courts unfathomable ruling. Musk can now receive payment for his work since 2018, transforming Tesla from a struggling startup to a world-leading company. The board faced a lawsuit from an investor, leading to a rescission order, but shareholders approved a larger compensation plan in November 2022. Musk criticized Delaware judges, and several companies moved their legal homes, but Delaware remains popular for U.S. public companies. Teslas board expresses concerns about Musk leaving if he doesnt receive desired pay and increased voting power.
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