Tesla's board has been silent since Elon Musk's $56 billion pay package was revoked
Legal experts expect Elon Musk’s team to appeal a recent ruling that voided the Tesla CEO’s 2018 pay package.
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Legal experts expect Elon Musk’s team to appeal a recent ruling that voided the Tesla CEO’s 2018 pay package.
"Musk is Tesla and Tesla is Musk," one analyst wrote in a recent note. Musk's reign has catapulted the car company to enormous success. But it also carries serious risks, a judge recently concluded.
A judge says Elon Musk must give up a compensation package awarded by Tesla’s board of directors that is potentially worth more than $55 billion. The ruling in a Delaware
Tesla and X CEO Elon Musk tried to give himself a new pay package back in 2018, but this has been recently struck down by a judge in Delaware over its unfairness.
Tesla shareholder Richard Tornetta sued Tesla and Elon Musk over a pay plan which he claims was "beyond the bounds of reasonable judgement".