Elon Musk’s $56bn Tesla pay package is too much, judge rules

Judge ruled his pay - six times larger than the combined pay of the 200 highest-paid executives in 2021 - was set inappropriately

A Delaware judge on Tuesday ruled in favor of the investors who challenged billionaire Elon Musk's $56bn Tesla pay package as excessive, a court filing showed. The judge found that Musk's compensation was inappropriately set by the electric-vehicle maker's board and struck down the package. If the decision survives any potential appeal, the Tesla board will have to come up with a new compensation package for Musk.

Never incorporate your company in the state of Delaware," Musk responded on Twitter/X.