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Court stops Musk’s attempt to get $100 billion

  • December 3, 2024
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Delaware court rejects petition from company’s CEO Tesla’s Elon Musk made statements regarding the payment of the fee agreed upon by the company’s shareholders in 2018. We will

Court stops Musk’s attempt to get 0 billion

Delaware court rejects petition from company’s CEO Tesla’s Elon Musk made statements regarding the payment of the fee agreed upon by the company’s shareholders in 2018. We will remind you at the shareholders meeting six years ago. Tesla’s It was decided that the company president would not have a fixed salary. Should buy 12 tranche options instead Tesla’s For 10 years. profit was made.


As of today, the reward exceeds $100 billion according to the latest share price Tesla’s. However, Musk will not receive this money, as the Delaware state court ruled in January that the entrepreneur should not receive compensation for his work.

Although there is a new shareholders meeting in June 2024 Tesla’s He supported the idea of ​​paying him the specified amount, which allowed the company to appeal the court decision in January. The judge rejected this appeal because he believed the company had fabricated new facts to revise the decision.

Also read – The world’s largest gold deposit worth over 80 billion dollars was found

Source: Port Altele

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