Elon Musk, Tesla Secure $919 Million Settlement While Appealing Delaware Supreme Court Ruling on $56 Billion Pay Package

Jan 8, 2025, 05:49 PM

Elon Musk, along with other Tesla board members and a pension fund that contested their compensation, has received court approval for a settlement potentially valued at up to $919 million. This development comes as Musk has also appealed a court decision that voided his record $56 billion pay package. The appeal was officially filed with Delaware’s Supreme Court after a state judge rejected Musk's compensation package for the second time, a decision that was widely anticipated.