A Delaware Court Wrongly Stripped Billions from Elon Musk
In 2018, when the company’s market capitalization was about $45 billion, Tesla shareholders approved a new compensation package for Elon Musk. By any measure, the package was extraordinary. It came in 12 tranches, each equal to 1 percent of the company’s outstanding common stock. To receive his payments, Musk had to boost Tesla’s market cap…