A Delaware judge has cleared the way for Elon Musk and Tesla to begin a legal appeal process for Musk’s 2018 pay package. The appeal process is a key step in the company’s attempt to try and reinstate the CEO’s $56 billion high-risk, high-reward compensation plan.
Tesla has previously announced that it would be appealing Delaware Chancellor Kathaleen McCormick’s ruling, which overruled a vote from a majority of Tesla shareholders.
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