Musk Wins $56 Billion Tesla Pay Package Appeal in Delaware Court

• Delaware Supreme Court reversed an earlier judgment, clearing Elon Musk to receive his $56 billion Tesla pay package.
• The decision overturns Chancellor Kathaleen McCormick's 2024 rulings that invalidated the 2018 package.
• Appeals panel found McCormick ruled improperly in ordering a full rescission of the package.
• The court stated Musk fully performed, and Tesla and its stockholders benefited from his work.
• Tesla's board has consistently supported Musk, approving new compensation packages, including a recent $1 trillion one.

Why It Matters: Elon Musk's $56 billion Tesla pay package is now cleared after a successful Delaware court appeal.