Tesla: compensation of more than $50 billion for Elon Musk canceled in court. Elon Musk was sued, alongside Tesla and certain members of the board of directors, by a shareholder who accused them of having unduly authorized in 2018 “the largest compensation plan ever awarded to an executive” This plan included giving Elon Musk Tesla shares based on the achievement of several objectives over ten years.
It was estimated at $56 billion when it was adopted. Around 0:30 GMT on Wednesday, Tesla shares lost 2.89% in electronic trading after the close of the New York Stock Exchange.