Elon Musk $56B Pay Package Rejected By Judge Again: Tesla Analyst Says 'A Soap Opera Playing Out In Delaware'
Tesla(TSLA) Benzinga·2024-12-02 23:00
A Delaware judge has once again struck down a compensation plan for Tesla Inc TSLA CEO Elon Musk from 2018, news that comes six months after Tesla shareholders approved the pay package for a second time.What Happened: A 2018 pay compensation plan provided several milestones that seemed extremely hard for Musk and Tesla to hit, with high payouts if he could accomplish the improbable.Musk hit the milestone accomplishments from the 2018 incentive plan which led to options paid out worth around $56 billion, as ...