Stock & Business

Tesla drops Musk’s $29B ‘interim’ award after Delaware court restored larger pay package

Tesla has withdrawn its request for a separate $29 billion "interim" compensation award for Elon Musk, after a Delaware court reinstated his original $56 billion 2018 pay package. This move fulfills Tesla’s pledge to prevent Musk from "double dipping" on shareholder-approved compensation. For Tesla owners and enthusiasts, this resolves a legal and governance distraction, potentially clearing the way for renewed focus on company strategy and Musk’s leadership incentives.