Musk wins US court appeal of $56 billion Tesla pay package

A Delaware appeals court cleared the way Friday, December 19, for tech CEO Elon Musk to receive a long-contested $56 billion Tesla pay package, reversing an earlier judgment in the long-running case.

The decision by the Delaware Supreme Court rejects a pair of judgments by Chancellor Kathaleen McCormick of Delaware's Court of Chancery and sets the stage for another windfall for the world's richest person.

In a pair of 2024 rulings, McCormick invalidated the 2018 package, which once loomed as historically large but has since been eclipsed by the billionaire's most recent Tesla package.