Tesla drops Musk's $29 bn pay after court restores $56 bn package

Tesla revoked interim pay package worth $29 billion that it gave to CEO Elon Musk last year. This comes after the Delaware Supreme Court restored his larger $56 billion compensation award from 2018. "These actions are consistent with the 'no double dip' principle, which precludes…Musk from getting a windfall in…event that he may exercise 2018 CEO Performance Award," Tesla said.