Tesla Defends Musk's $56 Billion Pay Package After Shareholder Vote

Court to consider impact of shareholder approval on previous ruling that voided the compensation plan

Tesla argues the shareholder vote reinstates Musk's pay package despite a judge's earlier decision to void it.
Judge McCormick will hear arguments on the shareholder vote's impact in late July or early August.
The court will also address attorney fees for the plaintiff's legal team on July 8.
Plaintiff's attorneys are seeking up to $5 billion in legal fees, while Tesla proposes a lower amount.
The outcome may influence Musk's future relationship with Tesla amid competitive and sales challenges.