Part 5/12:

In the latest ruling, the Delaware Supreme Court reversed the earlier decision, explicitly stating that removing Musk’s entire pay plan was an "extreme remedy" that did not give Tesla a fair chance to defend the plan’s legitimacy. The Court also clarified that while certain fiduciary breaches related to governance issues existed, they did not warrant voiding Musk’s entire compensation package.

The Implications of the Supreme Court Decision

The ruling effectively reinstates Musk’s 2018 stock options, which, at current stock prices (hovering around $146 billion in value based on recent share prices), give Musk tremendous financial leverage, including the chance to exercise his options until January 2028.