Tesla Heads to Court, and Musk's Paycheck Is on the Line
Delaware's highest court will hear arguments over Elon Musk's 2018 compensation deal. Tesla is pulling out all the stops to pay CEO Elon Musk.Tesla Inc. will go to bat again for Elon Musk's voided compensation on Wednesday, arguing before the highest court in Delaware that its CEO deserves the tens of billions of dollars he earned.In 2018, Tesla shareholders voted to award Musk a payment package worth around $56 billion in stock, provided that Tesla hit a series of goals, which it did. However, a shareholder soon sued over that plan, and a Delaware judge voided the plan in January 2024 and reaffirmed the ruling later that year, citing Musk's influence over the board and saying that investors had not been fully informed.Tesla officially appealed the ruling to the Delaware Supreme Court in January. The court will begin hearing oral arguments in several cases, including Tesla's, early on Wednesday.On Nov. 6, investors will vote on a proposed $1 trillion 10-year compensation package that