Legal Showdown Between Tesla and Shareholder Over Elon Musk’s Compensation Package Heads to Delaware Court of Chancery

The legal battle between Tesla and one of its shareholders over Elon Musk’s compensation package is heating up as the Delaware Court of Chancery prepares for a showdown. After Tesla shareholders re-ratified Musk’s $48 billion compensation scheme, the company is using this vote to convince the court to withdraw its injunction against the package. This comes after a previous trial where the court voided Musk’s 2018 compensation plan, leading Musk to consider moving Tesla’s incorporation to Texas. With tensions high and accusations flying, both sides are gearing up for a fierce legal battle in the coming days. Stay tuned for updates on this high-stakes showdown.