Tesla Board Asks Stockholders To Reapprove Elon Musk's $56 Billion Pay Package

Tesla is calling on its shareholders to once again approve Elon Musk’s record-breaking compensation package that was blocked by a judge in January.

 

In 2018, Tesla and Must proposed a compensation package worth $55.8 billion if the automaker reached its ambitious targets. These targets were reached, however, Judge Kathaleen McCormick in Delaware, the state where Tesla is incorporated, said the pay package was improperly approved by Tesla’s board.