Delaware rejects Musk’s US$101bn Tesla pay package—again

Despite numerous threats of retaliation, Musk is set to remain at Tesla with the confidence of both the Board and shareholders. By Stewart Burnett

Tesla Chief Executive Elon Musk has lost his latest bid to claim his 2018 pay package. On 2 December 2024, Delaware Chancery Court Chancellor Kathaleen McCormick upheld her ruling from January that the compensation plan was improperly awarded. At the time, McCormick argued that Musk and the Tesla Board “bore the burden of proving that the compensation plan was fair, and they failed to meet that burden.” 

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