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Originally published by Citizen Digital
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October 15, 2025
3h ago

Tesla urges Delaware Supreme Court to restore Elon Musk's Ksh.7 trillion payday

Tesla urges Delaware Supreme Court to restore Elon Musk's Ksh.7 trillion payday

One of the biggest corporate legal battles entered its final stage after a lower court judge rescinded the Tesla CEO's record compensation in January 2024. The company is also appealing a ruling by th.....

✨ Key Highlights

Tesla has urged the Delaware Supreme Court to reinstate Elon Musk's Ksh.7.2 trillion ($56 billion) pay package, arguing that a shareholder vote last year should confirm its approval. This appeal follows a January 2024 lower court ruling that rescinded the record compensation, leading to significant legal and corporate implications for Delaware's widely used corporate law.

  • Tesla's attorney, Jeffrey Wall, contended that the 2023 shareholder vote was "the most informed stockholder vote in Delaware history."
  • The lower court judge, Chancellor Kathaleen McCormick, ruled that Tesla's board lacked independence from Musk and shareholders were inadequately informed in 2018.
  • The outcome could significantly impact Delaware's Court of Chancery, with Tesla, Dropbox, and Andreessen Horowitz already switching legal homes to states like Texas and Nevada.

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