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Tesla will ask shareholders to reinstate Musk pay package rejected by Delaware judge

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Elon Musk News

Delaware,Texas,General News

Tesla will ask shareholders to reinstate the compensation package for CEO Elon Musk that was rejected by a judge in Delaware this year and to move the electric carmaker’s corporate home from Delaware to Texas. In January, Chancellor Kathaleen St.

FILE - Tesla CEO Elon Musk waves as he leaves the Tesla Gigafactory for electric cars after a visit in Gruenheide near Berlin, Germany, March 13, 2024. After reporting dismal first-quarter sales, Tesla is planning to lay off about a tenth of its workforce as it tries to cut costs, multiple media outlets reported Monday. Un Model X 2023 afuera de un concesionario Tesla el 18 de junio de 2023, en Englewood, Colorado. FILE - A Tesla logo has rain drops on it Feb. 27, 2024, in Charlotte, N.C.

In January, Chancellor Kathaleen St. Jude McCormick ruled that Musk is not entitled to a landmark compensation package awarded by Tesla’s board of directors that is potentially worth more than $55 billion.

 

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Tesla will ask shareholders to reinstate Musk pay package rejected by Delaware judgeTesla will ask shareholders to reinstate the compensation package for CEO Elon Musk that was rejected by a judge in Delaware this year and to move the electric carmaker’s corporate home from Delaware to Texas.
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