Elon Musk Thanks Shareholders Amid Legal Battle Over $56B Compensation

Shareholders rally in support of Musk as plaintiffs' lawyers seek $6 billion in legal fees, sparking debates on corporate governance.

Elon Musk expresses gratitude to Tesla shareholders for their support against the Delaware Court's decision to nullify his $56 billion compensation package.
Shareholders argue the court's ruling lacks financial merit for them and request a similar compensation package be reinstated for Musk.
Plaintiffs' lawyers seek $6 billion in Tesla stock as legal fees, claiming it reflects the harm Musk's pay package caused shareholders.
Critics argue the fee request could incentivize companies to leave Delaware for states with more favorable laws for corporate governance.
Musk is expected to appeal the court's decision, and the controversy highlights ongoing debates over executive compensation and corporate governance.