Tesla shareholders voted to reapprove Elon Musk's 2018 pay package, but the upcoming July 8, 2024 hearing will not consider the recent 2024 TSLA investor vote on Musk's pay package.
Tesla is urging Judge Chancellor Kathaleen McCormick to reconsider voiding Musk's compensation plan, citing the significance of the TSLA investors' decision to reapprove Musk's 2018 pay package.
The plaintiff's legal team initially sought payment in 27 million TSLA shares, now adjusted to $1.44 billion, contrasting Tesla's push to cap legal fees at $13.6 million.
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