Elon Musk is the world's richest person with a fortune of around $480 billion. (Photo: AP)

Electric car-maker Tesla on Wednesday urged the Delaware Supreme Court to restore the $56 billion pay package of its CEO, Elon Musk , which was struck down in January 2024. Tesla’s attorney argued that Musk’s pay package from the company should have been restored by a vote of shareholders last year.

“This was the most informed stockholder vote in Delaware history,” Jeffrey Wall, an attorney for Tesla, told the justices. “Reaffirming that would resolve this case.”

Musk’s $56 billion pay package

One of the biggest corporate legal battles entered its final stage after a lower court judge rescinded the Tesla CEO’s record compensation in January 2024. In December, Chancellor Kathaleen McCormick uphe

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