Tesla is making one last push to restore Elon Musk's $56 billion pay package, asking the Delaware Supreme Court to overturn a lower court's ruling that canceled the record-breaking deal earlier this year.
The company's lawyers argued Wednesday that shareholders fully understood what they were approving when they voted for the compensation plan.
"This was the most informed stockholder vote in Delaware history," said Tesla attorney Jeffrey Wall, urging the justices to recognize last year's shareholder vote as valid. "Reaffirming that would resolve this case."
The appeal marks the final stage of a lengthy legal fight that could reshape how US companies handle executive pay and corporate oversight.
In January 2024, Delaware Chancellor Kathaleen McCormick struck down Musk's pay plan, ruli