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Tesla CEO Elon Musk’s $56bn pay package decision to come before end of year

  • The decision on whether Tesla CEO Elon Musk will receive his $56 billion pay package will be made before the end of the year.
  • Delaware Court of Chancery Chancellor Kathaleen McCormick will decide on the matter, following her ruling in January that the pay package was unfair to Tesla shareholders.
  • Shareholders had already voted in favor of giving Musk the pay package, and McCormick will have the Final say on whether it will be awarded to Musk.
  • Musk's attorneys are also requesting the court to vacate the decision and consider $1 billion in legal fees in either cash or stock.

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