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International Business Times UK

Danielle Summer

Elon Musk Left Furious After US Court Cancels Billion Dollar Tesla Pay-Out

Elon Musk United States Kathaleen McCormick Chancery Court Tesla Inc. Texas The Delaware Supreme Court X Corp

Elon Musk says Chinese EV makers will demolish local EV companies if there are no trade barriers. (Credit: Wikimedia Commons)

A court in the US state of Delaware has voided a multi-billion dollar pay deal that was awarded to Elon Musk in 2018 by Tesla.

The financial compensation package, consisting of $55.8 billion, was dubbed "an unfathomable sum" by Chancery Court Chief Judge Kathaleen McCormick.

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