Elon Musk faces a significant legal challenge after a Delaware court decision voided his $56 billion compensation package from Tesla. The ruling by Chancellor Kathaleen McCormick deemed the 2018 options grant as unfair to Tesla shareholders. In response, Musk is considering suing Tesla and is planning a shareholder vote to move Tesla's incorporation to Texas. Concurrently, Musk's other company, SpaceX, is embroiled in a legal battle with the National Labor Relations Board (NLRB), with the agency's top prosecutor accusing Musk of 'pounding the table' due to the law and facts being against him in the SpaceX lawsuit against the NLRB.
New: Elon Musk “pounds the table” because the law and the facts are against him, NLRB general counsel tells me in response to his aerospace company SpaceX’s lawsuit against her agency https://t.co/RYc93EgjUN w/ @dani_lsc
Elon Musk just "pounds the table" in his escalating legal battle with the National Labor Relations Board over SpaceX, the agency’s top prosecutor says https://t.co/YbsWxR7cnc
Elon Musk just "pounds the table" in his escalating legal battle with the National Labor Relations Board over SpaceX, the agency’s top prosecutor says https://t.co/ez7uFMMUCu
The question now isn’t whether Musk punches back, but rather how, exactly, he responds to Delaware Chancellor Kathaleen McCormick’s historic decision to void his 2018 options grant as unfair to Tesla shareholders. From @eriqgardner https://t.co/xgbtfMeyxQ
In a motion in its lawsuit against the NLRB, SpaceX argued that being subjected to an NLRB hearing “distracts from its important missions, including launching satellites critical to US defense and intelligence agencies and flying NASA astronauts to space.” https://t.co/Hi3czyTleE https://t.co/fDFigbRR39
After a Delaware court decision that rescinded his $56 billion @Tesla compensation package, @elonmusk said he would be moving forward with holding a shareholder vote to transfer the incorporation of the EV company to Texas. https://t.co/R7UeC1zVYq
Elon Musk suing Tesla is a very realistic possibility. So might be the “boomerang” scenario. Assessing the options after the $55 billion earthquake. https://t.co/8rBoPBZBpJ
It’s not every day that a judge vaporizes a $55 billion executive pay package, but then again, Elon Musk is no ordinary C.E.O. @eriqgardner breaks down Elon’s latest board entanglement. https://t.co/kGrHtdzNV6