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What will be the outcome of Tesla's appeal on Musk's pay package by end of 2025?
2
Resolution / Starting Odds
Appeal successful, package reinstated • 25%
Appeal denied, ruling upheld • 25%
Partial success, modified package • 25%
Other outcome • 25%
Delaware Supreme Court decision
Story
Judge Orders Tesla to Pay $345 Million, Rejects Musk's $56 Billion Pay Package Again
Dec 2, 2024, 10:10 PM
Elon Musk's record-setting $56 billion Tesla compensation package, the largest in U.S. corporate history, has been rejected again by Delaware Chancellor Kathaleen McCormick, even after shareholders voted to reinstate it in June 2024. The judge upheld her prior ruling that the 2018 pay package was improperly granted, stating that the company's board was too influenced by Musk when it was approved. The package, initially valued at $2.6 billion, would now be worth $101.5 billion at current prices. The court also ordered Tesla to pay $345 million in attorneys' fees to the plaintiffs, rejecting a $5.6 billion fee request. Tesla shares fell more than 1% in after-hours trading following the news. Tesla is expected to appeal the ruling to the Delaware Supreme Court.
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Appeal successful, pay package modified • 25%
Appeal successful, pay package reinstated • 25%
Other outcome • 25%
Appeal unsuccessful • 25%
Partially Overturned • 25%
Upheld • 25%
Overturned • 25%
Dismissed • 25%
No appeal filed • 25%
Ruling overturned • 25%
Ruling upheld • 25%
Settlement reached • 25%
Appeal partially successful • 25%
No appeal filed • 25%
Appeal unsuccessful • 25%
Appeal successful • 25%
Appeal Overturned • 25%
No Appeal Filed • 25%
Settlement Reached • 25%
Appeal Upheld • 25%
No further legal actions • 25%
New lawsuit filed • 25%
Settlement reached without lawsuit • 25%
Other legal outcome • 25%
No • 50%
Yes • 50%