Summary via ChatGPT
A Delaware judge invalidated Elon Musk’s $56 billion Tesla pay package for a second time, citing undue influence and unfair terms set by Musk. Despite shareholder approval earlier this year, the court ruled the process failed to address governance concerns and transparency. The judge emphasized the board’s failure to prove the compensation plan’s fairness, suggesting alternative, reasonable payment options were possible. Tesla may appeal the decision or propose a new compensation plan.
How much profit would Tesla have to make on each car they ever sold to finance his package?
They actually do generate enough revenue in a year. Ignoring business expenses ofc. That would be the 15b figure below. Elon is quite literally asking for an amount that would be comparable to liquidating all of tesla, selling off every scrap.
Well it’s stock options, not cash, so not as many as you may think.