Tesla has confirmed to the Delaware judge who voided Elon Musk's record $56 billion pay package that it won't try to overturn her ruling.
Elon Musk, center, attend the 10th World Water Forum in Nusa Dua, Bali, Indonesia on Monday, May 20, 2024. Tesla has confirmed to the Delaware judge who voided Elon Musk’s record $56 billion pay package that it won’t try to overturn her ruling.
Last month, rogue Tesla shareholders issued a letter to Chancellor McCormick that said the company would likely conspire to overturn her ruling during its June 13 shareholder meeting. “If I have interpreted the defendants’ position incorrectly, then defense counsel — as officers of the court — are duty bound to correct it,” Chancellor McCormick said. “In the meantime, the defendants’ statements give me great comfort.”
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