Musk Pay Victory Removes Cloud at Tesla, but Fresh Legal Fight Looms – WSJ

Tesla shareholders’ backing of Elon Musk’s multibillion-dollar compensation package helps clarify his immediate future atop the world’s most valuable automaker. Now the electric-car company has to figure out how to pay him.

Musk and Tesla face legal opposition to the stock-option deal that was passed in 2018, now valued at roughly $48 billion. The latest vote is also being challenged in court.

The company’s board has argued that shareholder support for the plan would resolve concerns raised by the judge who rescinded the original plan, potentially leading the court to reverse its decision. Legal experts say the vote won’t automatically change the judge’s mind.

Source: Musk Pay Victory Removes Cloud at Tesla, but Fresh Legal Fight Looms – WSJ