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The Economic Times

The Economic Times

Judge aims to rule on Elon Musk's $56 billion Tesla pay by year end

The Economic Times
Summary
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84% Informative

The chancellor on Delaware's Court of Chancery is weighing two decisions that will have a multibillion-dollar impact on Tesla and its investors.

One is the request for Tesla to pay a legal fee of $1 billion in cash or more in stock to the lawyers who represented the shareholder who sued Musk over his pay.

The other is to decide whether a June vote by Tesla shareholders restored the pay package.