Comment on Elon Musk lost his Tesla pay fight. Here's what he can do next.

aaltchek@insider.com (Ana Altchek), Business Insider
Tue, 12/03/2024 - 3:09pm

Elon Musk lost his Tesla pay fight. Here's what he can do next.

Elon Musk's pay package was struck down for the second time on Monday.Joe Raedle/Getty ImagesA Delaware judge again struck down Elon Musk's $55 billion pay package.Legal experts walked BI through what the appeal process could look like for Tesla.Tesla may also reintroduce the package in Texas, a strategy that could end up costing shareholders more.Elon Musk's battle over his Tesla pay is entering a new phase.A Delaware judge ruled on Monday that Tesla's shareholder vote wasn't enough to pass Elon Musk's $55 billion compensation package.Tesla called the decision "wrong" and said it would appeal."This ruling, if not overturned, means that judges and plaintiffs' lawyers run Delaware companies rather than their rightful owners — the shareholders," Tesla wrote in a post on X.So what happens next?If Tesla files an appeal, Delaware's Supreme Court will review the decision of Delaware Chancery Court Judge Kathaleen St.

 

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