WILMINGTON, Del.—After five days of testimony, including three hours from Elon Musk, a Delaware judge will now decide whether Musk’s $56 billion pay package from Tesla Inc. was justified by the company’s explosive growth or undermined by a flawed process.
Musk and the Tesla directors named as defendants repeatedly testified that the package achieved what it set out to do—deliver 10-fold growth in the company’s stock price, enriching investors, and Musk.
