Tesla Appeals to Delaware Supreme Court to Reinstate Musk’s $56 Billion Compensation Package
Tesla’s legal team has urged the Delaware Supreme Court to reverse a lower court decision that rescinded Elon Musk’s record $56 billion compensation package. The case represents one of the most significant corporate legal battles in recent history, with potential implications for Delaware’s corporate law framework and shareholder rights.
Tesla’s Supreme Court Appeal Over Musk Compensation
Attorneys for Tesla presented arguments before the Delaware Supreme Court this week, seeking to restore CEO Elon Musk’s $56 billion compensation package that was rescinded by a lower court earlier this year. According to reports from the courtroom, Tesla’s legal team characterized the 2023 shareholder vote to ratify the pay package as “the most informed stockholder vote in Delaware history.”