Tesla Aktie News

A Delaware judge previously rejected the 2018 package, but Friday's ruling said it would have been unfair for Musk to have been left uncompensated for years of work.

The ruling means that Musk can finally get paid for his work since 2018, when he transformed Tesla from a struggling startup to one of the world's most valuable companies.

Here are some of the major companies whose stocks moved on the week's news.

Decision from state supreme court on deal once worth $56bn overturns ruling that prompted angry Musk backlash

The Delaware Supreme Court has reinstated Elon Musk's $56 billion Tesla pay package from 2018, overturning last year's ruling by the state's Chancery Court, according to an opinion published Friday.

Elon Musk is entitled to his $55.8 billion Tesla pay package from 2018, Delaware's Supreme Court ruled. A Delaware Chancery Court judge struck down the compensation package last year after a Tesla shareholder sued over the massive payday, which was tied to a series of growth goalposts for the EV company.

Delaware's Supreme Court reversed a lower court's decision to cancel the CEO's 2018 pay package.

The Delaware Supreme Court ruled on Elon Musk's 2018 Tesla pay package. Shareholder Richard J.