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Musk calls Delaware ruling 'absolute corruption' after court again rejects his Tesla pay package

…absolute corruption.
Elon Musk · X post · 2 Dec 2024

What he said or did

After Chancellor McCormick ruled that a June 2024 Tesla shareholder vote could not ratify the voided 2018 pay package, Musk called the decision absolute corruption.

Background

McCormick wrote: Even if a stockholder vote could have a ratifying effect, it could not do so here. She also approved a $345 million fee award to the shareholder plaintiffs' lawyers (NBC News).

Official response

Tesla said on X that it would appeal (NBC News).

What happened next

On 19 December 2025 the Delaware Supreme Court restored the 2018 package, finding total rescission improper and inequitable to Musk; Musk posted that he was vindicated (Reuters).

Sources

This entry records what was publicly said or done, as reported by the sources above. Quotes are attributed to the person who made them.

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