Elon Musk’s $56B Tesla Pay Package Restored By Delaware Supreme Court
Elon Musk Pay Package Restored After Years of Legal Drama Elon Musk’s long-contested Tesla compensation plan is officially back. The Delaware Supreme Court has restored Musk’s 2018 Tesla pay package, ending a years-long legal battle that questioned whether the world’s richest CEO was fairly compensated for building one of the most valuable companies on Earth. The decision overturns a lower court ruling that had struck down the deal and immediately answers a key question investors have been asking: will Musk get paid for Tesla’s historic growth? With Tesla shares near record highs, the restored compensation could now be worth far more than originally imagined. Credit: Joe Raedle / Getty Images Delaware Supreme Court Reverses Chancery Court Decision In a unanimous opinion released Friday, Delaware’s highest court ruled that canceling Elon Musk’s pay package left him effectively uncompensated for six years of work at Tesla. The justices rejected the earlier findings of the Delaware Chancery …