An investor named Richard Tornetta sued Musk and several Tesla directors in 2018, claiming Musk's pay package was unfair. Story continuesEven without the pay package, Musk benefited from his 22% ownership share of Tesla's stock at the time the package was adopted in 2018. Since then, Tesla's stock has risen about 10-fold, raising the value of his stake by more than $100 billion. CAN TESLA PAY MUSK RETROACTIVELY? Musk said in January that discussions on a new pay package with the board were on holding pending the outcome of the case over the 2018 package.

Source: Forbes January 30, 2024 22:26 UTC