A spectacular legal dispute over a gigantic block of shares for Tesla-CEO Elon Musk continues to make headlines. Despite the renewed approval by shareholders, a US court has upheld its decision that the agreement is legally questionable. The dispute concerns a remuneration package whose original value of 2.6 billion US dollars has now risen to over 56 billion US dollars.
Court overturns remuneration package: Musk's influence too great?
A judge in the US state of Delaware had already ruled in January 2024 that Musk had too much influence over the company when the remuneration plan was agreed in 2018. Tesla-Board of Directors when agreeing the remuneration plan in 2018. The court considered it proven that the shareholders were inadequately informed and therefore unable to make an informed decision.
Nevertheless, the Tesla-shareholders again voted in favor of the generous share package in June 2024. However, the renewed approval is not legally binding. The court stands by its assessment that the agreement was not legally concluded.
Why is the remuneration package so controversial?
- Original valueThe package was originally set at 2.6 billion US dollars, but due to Tesla's rising share price it has risen to over 56 billion US dollars has grown.
- Strong influenceMusk is said to have used close connections to members of the Board of Directors to shape the conditions in his favor.
- Deception of shareholdersAccording to the court, shareholders were not informed transparently about these entanglements.
The ruling could have far-reaching consequences as it sets an example for the limits of managers in listed companies.
Musk remains the richest person - even without a package
Even without the controversial share package, Musk would remain the richest person in the world. His fortune is largely based on the success of Tesla, whose stock market value of over 1.1 trillion US dollars amounts to.
Tesla-Shares and Musk's political proximity
Interestingly, the Tesla-share price remains stable despite the legal dispute. Recent price gains are attributed to Musk's proximity to the future US president. Donald Trump is attributed to this. Investors expect that a Trump administration could create more favorable conditions for the introduction of fully autonomous vehicles - a decisive advantage for Tesla's Robotaxi plans.
Conclusion: the case remains exciting
While Musk and Tesla could appeal the court's decision, the case is a clear signal for more transparency in corporate governance. Tesla Musk remains under scrutiny, but the success of the brand shows that investors have confidence in the company and its vision.
Keywords: Tesla, Tesla Model Y, Tesla Model 3, Tesla Accessories, Tesla Store, Shop4Tesla, Tesla News, Elon Musk, Tesla Shares, Musk share package, Robotaxi, autonomous driving, Tesla court battle
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