Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Independent UK
The Independent UK
World
Michael Liedtke

Tesla CEO Elon Musk recovers $55 billion pay package in Delaware court ruling

Elon Musk Tesla Inc. Delaware Kathaleen St Jude McCormick The Delaware Supreme Court David Walliams
Time Person of the Year Cover - (Copyright 2025 The Associated Press. All rights reserved)

Elon Musk, already the world's richest man, scored another huge windfall Friday when the Delaware Supreme Court reversed a decision that deprived him of a $55 billion pay package that Tesla doled out in 2018 as an incentive for its CEO to steer the automaker to new heights.

Besides padding Musk's current fortune of $679 billion, the restoration of the 2018 pay package vindicates his long-held belief that the Delaware legal system had overstepped its bounds in January 2024 when Chancellor Kathaleen St. Jude McCormick rescinded the compensation in a case brought by a disgruntled Tesla shareholder.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
GTA 6 Full Nudity and Censorship Updates: Quick Facts on Jason and Lucia in the Upcoming Release
An IGN gameplay demonstration showed GTA VI protagonist Jason naked in a shower, while official ratings confirm nudity and sexual content. The extent of explicit imagery remains unclear
International Business Times UK
International Business Times UK
Nearly Two in Three Students Who Vape Use Geek Bar as 1.44 Million U.S. Youth Report E-Cigarette Use
About 1.44 million U.S. students vape, and 64% of them use Geek Bar, a new 2025 youth survey analysis shows. Here is what parents should know now.
Medical Daily
Medical Daily
Kourtney Kardashian had fiery response to that viral Jennifer Lawrence video
Kourtney Kardashian was furious after seeing a video of Jennifer Lawrence calling her "more annoying than ever".
BANG Premier
BANG Premier
Freddie Jackson, romantic US singer with 10 R&B chart-toppers, dies aged 70
Celebrated for his earnest, dextrous voice, Jackson crossed into the pop charts with the hits Rock Me Tonight (For Old Times Sake) and You Are My Lady
The Guardian - UK
The Guardian - UK
Fashion designer sued after allegedly ditching jeweler’s creations from Met Gala celebrity outfits
Exclusive: ‘At least the judge and jury will get a chance to see’ Julian Polak’s designs, the celebrated jeweler’s attorney told The Independent
The Independent UK
The Independent UK
Country Singer Ella Langley Faces Social Media Backlash as Old Alabama Hunting Photos Resurface
Country singer Ella Langley is facing online criticism after photographs showing her with hunted animals resurfaced, although there is no indication the controversy has affected her music or touring plans.
International Business Times UK
International Business Times UK
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play