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BackTesla Revokes $29 Billion Interim Pay Package After Court Restores Musk's $56B Award
Tesla Revokes $29 Billion Interim Pay Package After Court Restores Musk's $56B Award
NEWS
TechCrunch4/23/2026BusinessUnited States

Tesla Revokes $29 Billion Interim Pay Package After Court Restores Musk's $56B Award

teslaelon muskexecutive compensation

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  • Tesla has revoked the $29 billion interim pay package given to CEO Elon Musk in August 2025, after the Delaware Supreme Court restored his original $56 billion compensation award from 2018.
  • The company had created the interim package as a hedge against the possibility of the court rejecting Musk's appeal.
  • The board voted without Musk or his brother Kimbal present, citing the 'no double dip' principle that prevents Musk from receiving a windfall.

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Tesla has revoked the $29 billion interim pay package given to CEO Elon Musk in August 2025, after the Delaware Supreme Court restored his original $56 billion compensation award from 2018. The company had created the interim package as a hedge against the possibility of the court rejecting Musk's appeal. The board voted without Musk or his brother Kimbal present, citing the 'no double dip' principle that prevents Musk from receiving a windfall.

Read the full article on TechCrunch

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tesla
Topicselon muskexecutive compensationdelaware supreme courtpay packagestock optionssec filing
This article was originally published by TechCrunch.

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