Elon Musk's 2018 pay package from Tesla, once worth $56bn, has been restored by the Delaware Supreme Court, in the United States, two years after a lower court struck down the compensation deal as "unfathomable". Friday's ruling overturns a decision that had prompted a furious backlash from Musk and damaged Delaware's business-friendly reputation. The ruling means that Musk can finally get paid for his work since 2018, when he transformed Tesla from a struggling startup to one of the world's most valuable companies. The 2018 pay deal provided Musk options to acquire about 304 million Tesla shares at a deeply discounted price if the company hit various milestones, which it did. Tesla estimated in 2018 that the plan was potentially worth $56bn, although given the rise in the stock price, the value ballooned to about $120bn by early November.

Tesla plans to pay Musk $1tn - do they really need him that much? A great leader is a huge asset for company, of course, but can anyone be worth $1 trillion? That is the pay packet Tesla shareholders have approved for Elon Musk, as long as he meets the targets they have set over the next 10 years. In the meantime he won't collect a salary, but will presumably throw himself into his work with renewed vigour. He was certainly buzzing with energy as he jigged around the stage at the carmaker's Texas headquarters to rapturous applause, telling the audience that while other shareholder meetings were snoozefests, Tesla's are bangers.

Tesla CEO Elon Musk could receive the largest corporate pay package in history worth as much as $878bn if he meets certain performance targets. Here is what this means, and how Musk could become history's first trillionaire. Musk won a Tesla shareholder vote on Thursday, with more than 75 percent in favour, during the company's annual general meeting at the electric carmaker's factory in Austin, Texas. Under this plan, Musk could be given stock worth $1 trillion over the next decade if he hits certain performance targets. However, he would be required to repay some of this to the company - bringing it down to $878bn.

Vanguard feels and smells like a new RV. It has long, gray banquettes that convert into bunks, a microwave cleverly hidden under a counter, a functional steel sink with a French press and crockery above. Once it is sealed and moved to its permanent home beneath the waves of the Florida Keys National Marine Sanctuary early next year, Vanguard will be the world's first new subsea habitat in nearly four decades. Teams of four scientists will live and work on the seabed for a week at a time, entering and leaving the habitat as scuba divers. This week, we heard that Tom Brady had his dog cloned. The former quarterback revealed that his Junie is actually a clone of Lua, a pit bull mix that died in 2023.

Why human-shaped robots loom large in Musk's Tesla plans It has appeared in Tesla showrooms, on its factory floors and has even posed with Kim Kardashian. But Elon Musk's vision for his human-like robot Optimus is much grander than that. Since first unveiling it at a Tesla showcase in 2022, the tech billionaire has suggested his company's droid could play a huge role in the homes and lives of people all over the world. Along with self-driving robotaxis and Cybertrucks, Musk believes Tesla robots are key to establishing a foothold in the artificial intelligence (AI) landscape. And investors who signed off on his $1tn (£760bn) pay package on Thursday would appear to agree .

The $1 trillion pay agreement puts Elon Musk on track to become the world's first trillionaire. Tesla shareholders approved a $1 trillion compensation package for CEO Elon Musk, the largest payout ever awarded to a corporate leader. More than 75% of votes were cast in favor of the unprecedented pay plan, the company said Thursday at its annual meeting. The outcome caps a weekslong campaign by the electric vehicle maker's board, its CEO and prominent retail investors to build support. The pay agreement clears a path for Musk, the world's richest person, to become the first ever trillionaire and expand his stake in Tesla to 25% or more over the next decade.

Tesla chief Elon Musk's $1tn pay package has been approved. Tesla chief Elon Musk's $1tn pay package has been approved. Chants of'Elon' erupt after compensation plan approved despite opposition from several high-profile investors Tesla shareholders approved a $1tn compensation plan for CEO Elon Musk on Thursday, awarding the world's richest person what would be the largest corporate payout in history if he meets the goals necessary to receive it. The pay package, which several high-profile investors opposed, demonstrates that shareholders still believe Musk can lead the automaker in an era dominated by robotics and artificial intelligence. The result of the vote was announced at the annual shareholder event in Austin, Texas, with more than 75% of investors voting in favor of the plan.

Elon Musk's $1tn pay deal approved by Tesla shareholders Tesla shareholders have approved a record-breaking pay package for boss Elon Musk that could be worth nearly $1tn (£760bn). The unprecedented deal was approved by 75% of Tesla shareholders who cast votes at the firm's annual general meeting on Thursday. The deal requires Musk, who is already the world's richest man, to drastically raise the electric car firm's market value over a period of years. If he meets various targets, he will be rewarded with hundreds of millions of new shares. The scale of the deal is controversial, but the Tesla board argued that Musk might leave the company if it was not approved - and that it could not afford to lose him.

Tesla CEO Elon Musk has scored a resounding victory as shareholders have approved a pay package of as much as $878bn over the next decade, endorsing his vision of morphing the electric vehicle (EV) maker into an AI and robotics juggernaut. Shares of Tesla rose more than 3 percent in after-hours trading after the shareholders voted on Thursday. The proposal was approved with more than 75 percent support. "What we are about to embark upon is not merely a new chapter of the future of Tesla, but a whole new book," he said. "This really is going to be quite the story."

In'watershed moment', Tesla board to vote on Musk's $1 trillion package Tesla's board is set to vote on CEO Elon Musk's $1 trillion pay package as major proxy adviser firms urge shareholders to reject the deal. The vote is scheduled for Thursday and will determine whether Musk secures what is the largest compensation package in corporate history. These firms often influence large passive funds that hold significant stakes in the electric carmaker. Tesla has faced mounting challenges this year, with global sales declining and investor confidence wavering. In July, Tesla reported a 13.5 percent decline in sales in the United States. They jumped 7.4 percent in the third quarter ending in September compared with the same period the year before, as US consumers scrambled to take advantage of a $7,500 EV tax credit that was set to expire that month.