The state’s top court reversed a lower ruling, reinstating his 2018 Tesla compensation package after finding legal and procedural errors.
Elon Musk, chief executive officer of SpaceX and Tesla, gestures as he attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition center in Paris, France, June 16, 2023. Gonzalo Fuentes/Reuters
The Delaware Supreme Court has reinstated a $55 billion compensation package for Tesla CEO Elon Musk, reversing a lower court’s decision that ruled the 2018 deal unfair to shareholders.
The ruling, issued Friday, highlighted numerous errors in the earlier judgment and awarded Tesla nominal damages of $1.
Kimberly Hayek
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Kimberly Hayek is a reporter for The Epoch Times. She covers California news and has worked as an editor and on scene at the U.S.-Mexico border during the 2018 migrant caravan crisis.
