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Tesla has moved to register nearly 304 million shares tied to CEO Elon Musk’s massive 2018 pay package, which has finally been cleared after years of legal battles.
The 2018 package, originally valued at $56 billion, is now worth more than $110 billion, based on Tesla’s stock price as of Monday.
The package had initially faced opposition in Delaware’s Court of Chancery, which ruled that Tesla’s process for compensating Musk was “deeply flawed.” The court’s ruling caused a significant delay, but in December, the Delaware Supreme Court overturned these earlier judgments.
The Supreme Court concluded that Musk had met the conditions of the 2018 grant and that both Tesla and its shareholders had been rewarded for his performance.
Musk’s compensation deal from 2018 was eye-popping even by the standards of Silicon Valley. However, it has since been overshadowed by Musk’s 2025 pay package, which was overwhelmingly approved by Tesla shareholders in November.
The 2025 package is far more ambitious, potentially worth up to $1 trillion if Musk successfully meets a series of performance targets related to market capitalisation and Tesla’s operations.
With this recent registration of 304 million shares, Musk’s 2018 pay package appears to be fully settled, marking a new chapter in the saga of Tesla’s high-stakes executive compensation.
The legal challenges may have slowed down the process, but the final resolution marks a significant milestone for both Musk and the company.
