Delaware Supreme Court reinstates Elon Musk’s $55 bill

Elon Musk at a news conference in the Oval Office of the White House, May 30, 2025, in Washington. — Elon Musk erupted at the EU all weekend, blasting Brussels over censorship and bureaucracy after X was hit with a major fine for “fake” blue checkmarks.
AP Photo/Evan Vucci, File

Elon Musk is entitled to his $55.8 billion Tesla pay package from 2018, Delaware’s Supreme Court ruled.

A Delaware Chancery Court judge struck down the compensation package last year after a Tesla shareholder sued over the massive payday, which was tied to a series of growth goalposts for the EV company.

The Delaware Supreme Court’s ruling overturns that decision, saying it was too extreme a remedy.

Tesla shareholders recently approved an even bigger pay package of up to $1 trillion for Musk if Tesla achieves further sales and growth goals.

This story is developing. Please check back for updates.

Read the original article on Business Insider

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