Elon Musk regains a $55 billion pay package from Tesla, boosting his fortune to $679 billion. Musk’s belief that the Delaware legal system overstepped in rescinding the compensation was vindicated by the Delaware Supreme Court. Tesla’s board sought to keep Musk happy after the ruling, leading to a successful reaffirmation of the pay package valued at $44.9 billion. Musk approved a new pay package that could pay him $1 trillion if he can raise Tesla’s market value to $8.5 trillion in the next decade. The Delaware Supreme Court restored the 2018 pay package, citing errors in the previous ruling and awarding Tesla $1 in nominal damages.
Read more at Yahoo Finance: Tesla CEO Elon Musk recovers $55 billion pay package in Delaware court ruling
