BREAKING: Elon Musk Officially Becomes the World's First $749 Billion Individual 🚀
Delaware’s Supreme Court has reinstated Musk’s 2018 Tesla pay package worth $139 billion in stock options, overturning a lower court’s 2024 ruling that had blocked it.
What happened:
🔹 A lower court deemed the package "unfathomable" and unfair to shareholders.
🔹 Tesla shareholders re-approved it with 77% support.
🔹 The Supreme Court ruled that canceling the package left Musk “uncompensated for six years of effort.”
Key details:
→ 303 million Tesla shares included in the package
→ 2018 value: $56 billion
→ Current value: $139 billion
Looking ahead:
Tesla shareholders have also approved a separate compensation plan worth up to $1 trillion if the company meets certain milestones over the next decade.
Musk’s response on X: "Vindicated." ✅
This ruling ends a years-long legal battle and is seen as a major win for Musk, coinciding with Tesla’s move of incorporation from Delaware to Texas.
