Elon Musk won $56 billion payday because of vote, Tesla argues in court [Yahoo! Finance]
Tesla, Inc. (TSLA)
Last tesla, inc. earnings: 4/29 04:11 pm
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Source: Yahoo! Finance
shareholders voted for the compensation, despite a judge rescinding it earlier this year, according to court filing made public on Friday. The company's filing comes two weeks after Tesla shareholders voted to ratify the 2018 package of stock options. Tesla held the vote following a January ruling by a Delaware judge to void the compensation because Musk improperly controlled the negotiation process and the company misled shareholders about key details. The uncertainty in the case hangs over Musk's relationship with Tesla, which is struggling with slower sales and stiffer competition. He has said he might develop some products outside the company if he does not obtain a larger ownership stake. Tesla made its argument in its proposal for how the judge, Chancellor Kathaleen McCormick of Delaware's Court of Chancery, should craft a final order that is needed to implement the January ruling. Tesla said the final order should state that "judgment is entered for the defendants." The
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- 4/23/24 - Beat
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- 6/13/24 - Form DEFA14A
- 6/13/24 - Form DEFA14A
- TSLA's page on the SEC website