Tesla Heads to Court Regarding Elon Musk’s Pay Package

The eye-popping $56bn pay package that Tesla granted boss Elon Musk in 2018 is being contested in a US court.

A shareholder has asked a US judge to rescind the award, which was seen as the biggest on record when the electric carmaker announced it four years ago.

The package tied Mr Musk’s compensation to performance targets, such as Tesla’s share price and profitability.

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