Tesla Pay Package News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Elon Musk claims that Delaware is preventing businesses from leaving the state after a court invalidated his $56 billion Tesla pay package. Musk has urged companies to move out of Delaware before they face similar consequences as Tripadvisor. However, Delaware has made it easier for companies to reincorporate elsewhere, and a ruling in the Tripadvisor case could impact Tesla's potential move to Texas.

The ruling by Chancellor Kathaleen St. Jude McCormick comes more than five years after a shareholder lawsuit targeted Tesla CEO Musk and directors of the company. They were accused of breaching their duties to the maker of electric vehicles and solar panels, resulting in a waste of corporate assets and unjust enrichment for Musk.

A Delaware judge has ruled in favor of the investors who raised concerns about the size of billionaire Elon Musk's $55 billion pay package for Tesla.