Delaware Supreme Court Rejects Chancery’s Rescission of Elon Musk’s Tesla Pay Package, Substituting $1 in Nominal Damages as Remedy

The court stated rescinding the $56 billion pay package wasn’t a proper remedy because it left Musk uncompensated for six years of work he’d already contributed to Tesla.

       

The court stated rescinding the $56 billion pay package wasn’t a proper remedy because it left Musk uncompensated for six years of work he’d already contributed to Tesla.