Elon Musk's 2018 Tesla pay package restored by Delaware court

Core Viewpoint - The Delaware Supreme Court reinstated Elon Musk's $56 billion pay package from Tesla, overturning a previous ruling that deemed it "unfathomable" [1] Group 1: Court Ruling - The court's decision was made two years after a lower court struck down the compensation deal [1] - The justices stated that rescinding the pay deal would be "inequitable" and would leave Musk "uncompensated for his time and efforts over a period of six years" [2] Group 2: Shareholder Actions - Tesla shareholders approved a new plan that could potentially be worth $1 trillion to Musk over the next decade [1] - At the annual meeting in November, shareholders also approved a stopgap measure ensuring Musk would receive the $56 billion regardless of the court's ruling [2] Group 3: Compensation Structure - Both the reinstated compensation package and other pay plans require Musk to achieve significant goals related to product development and increasing the company's value to cash out on those awards [3]