After mass layoffs, Tesla asks again to approve Elon Musk’s $56 billion pay package
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The struggling EV carmaker is urging shareholders to vote again for the payout, which would be the largest ever awarded in corporate history, after a Delaware court nullified it in January.
With Tesla stocks trading at their lowest in almost a year, the EV carmaker has delivered an urgent new message to shareholders: Thanks to a Delaware court nullifying the pay package in January, Elon Musk still hasn’t received any of his earth-shattering $56 billion payout, and they must act to get him paid. Oh, and Tesla wants the amount to be the exact same as before: the largest compensation plan ever awarded in corporate history.