US EditionMusk's Net Worth Nears Three-Quarters of a Trillion Following Landmark Pay Decision - Tesla (NASDAQ:TSLA)
The court overturned a 2024 ruling, restoring Musk’s 2018 stock options valued at $139 billion and boosting his net worth to $749 billion, after shareholders approved a $1 trillion plan.
- On Monday, the Delaware Supreme Court reinstated Tesla stock options worth $139 billion, ending a long legal battle and pushing Elon Musk's net worth to $749 billion.
- In November, Tesla shareholders approved a record $1 trillion pay plan endorsing Musk’s AI and robotics vision after prior lower-court rulings voided the 2018 compensation package and a 2024 rescission was ruled improper.
- Today, Tesla shares closed at $488.73, up 1.54%, with trading volume reaching 86.6 million shares, about 1.4% above its three-month average.
- The ruling bolsters Elon Musk's standing at Tesla Inc., strengthening his financial position and leadership as Forbes billionaires index shows him surpassing Larry Page by nearly $500 billion.
- Investor sentiment and leadership continuity may accelerate Tesla's push into AI and robotics after the court decision, with Tesla testing driverless car tests at its Austin, Texas site aligning with robotaxi initiatives.
23 Articles
23 Articles
Stock Market Today, Dec. 22: Tesla Shares Jump After Court Reinstates Elon Musk Pay Deal
Tesla (NASDAQ:TSLA), electric vehicles and energy storage maker, closed Monday at $488.73, up 1.56% as shares continued to trade near record territory. Tesla IPO'ed in 2010 and has grown 38,483% since going public. Trading volume reached 86.6 million shares, roughly 1.4% above its three-month average of 85.8 million shares.Monday’s move followed a Delaware Supreme Court ruling on Elon Musk’s compensation, ending a long legal battle. Investors ar…
Elon Musk is estimated to exceed the $700 billion mark. Background, legal decision in Delaware and consequences for investors.
After a years-long legal battle, Tesla CEO Elon Musk has won the Delaware Supreme Court's ruling. As a result, he will receive a 2018 compensation package worth $139 billion (€119 billion) after a Tesla shareholder filed a lawsuit. Musk's net worth has increased to $749 billion (approximately €640 billion).
Coverage Details
Bias Distribution
- 50% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
