> isn't really something I see likely as he doesn't function in the money-oriented ways pretty much almost all other billionaire-types do
Is that why he sued to obtain his $29B package from Tesla shareholders?
Is that why he sued to obtain his $29B package from Tesla shareholders?
Do you have a source for this?
As far as I understand, the bonus package represents a large part of revenue of all Teslas sold since the beginning.
> is something a lot of people are understandably sympathetic to.
Does he also need to pay back stocks when he does a nazi salute, thus tarnishing the brand's image and stock value?
At the time of the original pay package award (3/21/2018), with primary performance conditions being the growth of Tesla market cap (making money for Tesla shareholders), Tesla had a market cap of $53.5B.
At the time the lawsuit against Musk set aside that pay package in January 2024, Tesla's market cap had expanded under Musk's leadership to around $600B.
$600B - $55B = $545 billion in market cap increase (making money for shareholders), which dwarfs both the $29B he agreed to take as well as the larger amount he would have been due under the 2018 agreement.
I think you're confused on two sort-of-related things: one is the $56B package agreed to and approved in 2018 that a judge decided to revoke, for that he's suing.
The other one is the relatively recent (July/August) $29B package that was created by two indipendent board advisors to give him a "salary" (he did not participate or vote on the creation of this package), since apparently he received nothing from Tesla for the past 6-7 years. This comes as a result of him expressing that if he wants more control over the company, or he's going to build things (AI, robotics) outside of it. Part of the deal is that he's to forfeit this if the ruling on the 2018 package is in his favor.
https://en.wikipedia.org/wiki/List_of_lawsuits_involving_Tes...
https://www.reuters.com/sustainability/boards-policy-regulat...
https://techcrunch.com/2025/08/04/tesla-hands-29b-comp-packa...
That's the deal we voted for and Tesla grew 2000%. Very pleased with the outcome and would vote for any pay package at any company that was similarly structured.
I was one of those shareholders who voted FOR that pay package with power of six figures worth of stock. He didn't "sue the shareholders"
Shareholders are strongly on Elon's side here, as they have always have been. The only reason there is a lawsuit is because some bent judge is trying to take the shareholder's power away from them and not grant the pay package. Absolute corruption.
Same judge who forced him to overpay for Twitter.