Tesla filed court documents last week before the same Delaware Chancery Court judge who previously voided Musk’s compensation, arguing the June 13 shareholder vote offered a “principled resolution" to end the dispute in Musk’s favor.
Tesla CEO Elon Musk waves as he leaves the Tesla Gigafactory near Berlin, Germany on March 13. If the courts give Tesla what it wants, it can keep Musk’s plan in place along with a $2.5 billion accounting charge it took back in 2018 when shareholders first agreed to the all-stock-option, performance-based deal.
Tesla has asked the judge to set an expedited schedule during which the parties will submit court documents containing additional rationale for their positions. Tesla said each party should be allowed to make those arguments before McCormick enters a final judgement in the matter.
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