Elon Musk’s 2018 Tesla pay package restored by Delaware court

Decision from state supreme court on deal once worth $56bn overturns ruling that prompted angry Musk backlashElon Musk’s controversial $56bn pay package from Tesla was reinstated by the Delaware supreme court on Friday, two years after a lower court struck down the vast compensation deal as “unfathomable”.The decision comes less than two months after Tesla shareholders approved a new plan that could be worth $1tn to Musk, already the world’s richest person, in a decade’s time. It overturns a ruling which had prompted a furious backlash from Musk. Continue reading...