It was decided to cancel the $56 billion “salary” agreement that Elon Musk made with Tesla in 2018. The decision, which angered Elon Musk, seems to be brought to the agenda with an objection in the coming days.
Billionaire businessman Elon Musk has been dealing with a case for a very long time. The reason for this case is an agreement made by Musk and Tesla in 2018. According to this agreement, Elon Musk will leave Tesla 56 billion dollars received a salary. An investor who thought this money was too much filed a lawsuit to cancel the agreement. on the subject in 2022 Musk, who went to court, made remarkable statements was found.
Today, there was a new development on the subject. Kathaleen McCormick, who handled the case, said that the agreement in question should be canceled decided. Judge McCormick said the deal was unfair to shareholders.an incomprehensible sumMcCormick stated that Tesla and Elon Musk’s lawyers have fully informed the investors. They couldn’t prove it either. he stated.
Tesla board found “deeply flawed”
Regarding the issue, the court panel 201 pages prepared a decision text. One of the striking points in this text is that the Tesla board of directors was found guilty. In the relevant decision, it was stated that the Tesla board of directors approved the agreement in question,extremely flawed” It was stated that there was a behavior. Lawyers say that, in this case, Elon Musk has no chance of winning this case. is not they think.
Elon Musk will likely object
There was no statement from Elon Musk about the next process. However, in the case before the Delaware Supreme Court Objection is open. As such, it is thought that Elon Musk and his team will object to the decision in question. To see what happens after the objection will have to wait.
What did Elon Musk say?
The billionaire businessman used very harsh expressions in his statement on the issue. “Never incorporate your company in the state of Delaware.” Musk underlined that Nevada or Texas is a better option. Opening a survey on his social network X, Musk stated that Tesla headquarters whether it should be moved or not he asked his followers. The survey used around 700 thousand votes. 88 percent The answer was overwhelmingly “Yes”.
In the statement made by Greg Varallo, who is the lawyer of the plaintiff named Richard Tornetta, “It’s a good day for good people.” expression was used. Elon Musk annoying The issue seems likely to remain on the agenda in the coming periods.
How did Elon Musk receive $56 billion in salary from Tesla?
Tesla board of directors and Elon Musk in their negotiation in 2018 through the company’s goals reached an agreement. Within the scope of this agreement, Elon Musk Tesla shares was given. These stocks had a great impact on Elon Musk becoming the “richest person in the world”.