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Tesla drops Musk's $29 bn pay after court restores $56 bn package
short by Vaishnavi Mishra / on Friday, 24 April, 2026
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.
read more at NewsBytes