Particle.news

Download on the App Store

Tesla Faces Crucial Vote on Musk's $56 Billion Pay and Texas Move

Delaware judge voided the pay package, but Tesla assures no jurisdictional challenges will arise from Texas move

  • Tesla shareholders to vote on Musk's $56 billion pay package and move to Texas on June 13.
  • Judge McCormick voided Musk's pay package, citing improper control over the process.
  • Tesla reassured the court it won't use the Texas move to challenge the Delaware ruling.
  • Shareholders' legal team seeks $6 billion in fees, with a hearing set for July 8.
  • Outcome of shareholder vote could lead to further legal challenges.
Hero image