Court reverses earlier ruling to clear way for Musk’s US$56bn pay packageAFP, NEW YORKA Delaware appeals court on Friday cleared the way for businessman Elon Musk to receive a long-contested US$56 billion Tesla Inc pay package, reversing an earlier judgement in the protracted case. The decision by the Delaware Supreme Court rejected a pair of judgments by Delaware Court of Chancery Chancellor Kathaleen McCormick and sets the stage for the world’s richest person to get another windfall. In a pair of rulings last year, McCormick invalidated the 2018 package, which once loomed as historically large, but have since been eclipsed by the tech tycoon’s most recent Tesla package. In a statement posted online on Friday, attorneys representing Tesla shareholders said they were considering next steps. Tesla shareholders on Nov. 6 easily approved the latest package, which is tied to a number of performance and valuation targets.

Source: Taipei Times December 21, 2025 16:36 UTC