Tesla(US:TSLA) Zhi Tong Cai Jing·2025-10-16 08:45Core Viewpoint - Tesla's legal team is seeking to reinstate Elon Musk's $56 billion compensation plan, which was previously invalidated by a lower court in January 2024, arguing that the plan had received significant shareholder support during a highly transparent vote [1][2]. Group 1: Legal Proceedings - Tesla's lawyers argue that the shareholder vote on Musk's compensation plan was one of the most transparent in Delaware's history, suggesting that the vote results should be decisive in the case [1]. - The opposing legal team warns that upholding the lower court's ruling could set a precedent for endless litigation [2]. - If the original compensation plan remains invalid, Musk could still receive hundreds of millions through an alternative $25 billion plan aimed at retaining him and focusing on the company's transition to robotics and autonomous driving [2]. Group 2: Impact on Corporate Governance - The case's outcome could significantly affect Delaware corporate law and its equity courts, which have faced criticism for not adequately supporting entrepreneurs [2]. - The ruling against Musk's compensation plan has been used as a strong argument by critics of Delaware, highlighting the lack of independence of Tesla's board when approving the plan in 2018 [2]. Group 3: Market Performance - Year-to-date, Tesla's stock has risen approximately 8%, while the S&P 500 index has increased by about 14% during the same period [3].