Musk Granted Appeal in $56B Tesla Pay Dispute

A Delaware judge has allowed Elon Musk and Tesla to appeal a ruling that overturned Musk's $56 billion compensation package from 2018. The appeal follows a decision by Chancellor Kathaleen McCormick, who found the pay package excessive and a breach of fiduciary duty, despite being ratified by a majority of Tesla shareholders. Tesla plans to challenge the ruling, arguing it undermines shareholder authority. The Delaware Supreme Court could take up to a year to decide on the appeal.