Delaware high court reinstates Elon Musk’s $56bn Tesla pay package
Justices find revocation of pay was inappropriate and left electric car chief uncompensated for his work
Justices find revocation of pay was inappropriate and left electric car chief uncompensated for his work

Chancellor Kathaleen McCormick denies bias but cites media glare as risk to justice

Decision from state supreme court on deal once worth $56bn overturns ruling that prompted angry Musk backlash

Record package of shares wins 75% approval, reinforcing billionaire’s control of electric-car maker

Shareholder Richard J. Tornetta brought the suit, accusing Musk and the Tesla board of a breach of fiduciary duties.

One of biggest US corporate legal battles is in final stage after judge had in January 2024 rescinded Elon Musk's pay.

Lawyer for billionaire Tesla founder told judge they attempted to resolve matter without Wall Street watchdog’s counsel

Musk wins US appeal to restore 2018 Tesla pay package