Tesla CEO Elon Musk Loses Bid To Reinstate $56 Billion 2018 Pay Package

Benzinga 2024-12-03

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Tesla CEO Elon Musk's bid to reinstate his $56 billion 2018 pay package was rejected Monday as a Delaware judge upheld her prior ruling that the compensation plan was improperly granted. The judge found Musk exercised undue influence over Tesla's board to approve the package, deeming the process deeply flawed. Tesla plans to appeal, and Musk labeled the decision absolute corruption. Tesla stated on X that it plans to appeal the ruling.

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