Elon Musk Recovers $55 Billion Tesla Pay Package After Delaware Court Reversal

• Delaware Supreme Court reversed a January 2024 ruling, restoring Elon Musk's $55 billion Tesla pay package.
• The 2018 compensation was an incentive for Musk to significantly grow Tesla's market value.
• Chancellor Kathaleen St Jude McCormick had rescinded the package, citing a "cozy" board.
• Musk's discontent over the initial ruling led to considerations of reincorporating Tesla in Texas.
• Tesla shareholders recently approved a new pay package for Musk, potentially worth $1 trillion, tied to an $8.5 trillion market cap goal.

Why It Matters: Elon Musk's $55 billion Tesla pay package is restored by Delaware's highest court.