Decision from state supreme court on deal once worth $56bn and now worth some $139bn overturns ruling that prompted angry Musk backlash
Elon 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 reinstated pay package could be worth as much as $139bn today, according to the New York Times. 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. Musk’s fortune currently stands at an estimated $600bn.
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