Elon Musk’s $56 Billion Bad Year in Delaware Court (Podcast)

Jan. 9, 2025, 4:48 PM UTC

Elon Musk’s six-year saga defending his $56 billion Tesla Inc. pay package in the Delaware Chancery Court has captivated the state’s tight-knit legal community and the wider world of Musk watchers, including his more than 200 million online followers.

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In January 2024, the court’s chief judge struck down the pay package, prompting a months-long social media barrage—and a host of novel legal stunts—from the tech titan. In December, the judge rejected the compensation deal again, handing $345 million to the shareholder attorneys who led the case.

On this episode of our podcast, On The Merits, senior correspondent Jennifer Kay and reporter Roy Strom discuss the long-running courtroom drama, the lead trial lawyer who took aim at the pay package, and the judge who has repeatedly stood up to the world’s richest man.

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To contact the reporter on this story: Mike Leonard in Washington at mleonard@bloomberglaw.com

To contact the Editor on the story: Sei Chong in Washington at schong@bloombergindustry.com

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