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Elon Musk has won $56bn pay package despite judge ruling it void, Tesla argues

undefined 1, 2024

Elon Musk has won $56bn pay package despite judge ruling it void, Tesla argues (3 min)

Source: cbsnewsstatic

Tesla claims Elon Musk won his legal battle over his $56bn pay package because shareholders voted for it, despite a judge rescinding it earlier this year. The filing follows a recent shareholder vote to ratify the 2018 stock options package, which a Delaware judge voided in January due to Musk's improper control over negotiations and misleading information to shareholders. The case adds uncertainty to Musk's relationship with Tesla amid slower sales and tougher competition.

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