Overview
- The reinstated package returns roughly 303–304 million stock options—about 9% of Tesla’s shares—with reported values ranging from about $120 billion to $179 billion depending on the share price.
- Plaintiff Richard Tornetta received $1 in nominal damages, and the court cut previously awarded legal fees to no more than $54.5 million.
- Forbes and other trackers reported Musk’s estimated net worth rose to about $749 billion after the ruling, making him the first person reported above $700 billion.
- Tesla has reincorporated in Texas, where companies can require shareholders to own at least 3% to sue over certain corporate claims, a step the company has cited to reduce litigation risk.
- Separately, shareholders in November approved a new 2025 performance-based pay plan that could be worth about $878 billion if targets are hit, and the plaintiff’s lawyers said they are considering next steps.