Musk's $56B Payday Goes Poof: Judge Slaps Down Tesla CEO While Lawyers Get $345M Consolation Prize

Musk's $56B Payday Goes Poof: Judge Slaps Down Tesla CEO While Lawyers Get $345M Consolation Prize

The Tesla compensation case reached a decisive moment as Judge Kathaleen McCormick rejected Elon Musk's $56 billion package for the second time while awarding the victorious attorneys $345 million in fees. The case, originating from Richard Tornetta's 2018 lawsuit, challenged the compensation structure's approval process and board independence, culminating in a ruling that found fundamental flaws in Tesla's governance procedures. Key developments include the failed June 2024 shareholder revote, attorney work spanning 19,499.95 hours, and Tesla's planned Supreme Court appeal.

The ruling's impact extends beyond Tesla, establishing precedents for executive compensation and corporate governance. Judge McCormick's decision addresses both the compensation structure and attorney fees, with the legal team receiving a 25.3x multiplier on their hours despite requesting $5.6 billion. Musk responded through X, stating "shareholders should control company votes, not judges," while Tesla plans to challenge the ruling's implications for Delaware corporate law. The case highlights ongoing tensions between executive incentives, board independence, and shareholder interests, setting new standards for corporate governance and legal compensation in high-stakes litigation.

Episoder(1244)

Waymo's Lead Is About to Get Tested by Tesla, Zoox, and Uber

Waymo's Lead Is About to Get Tested by Tesla, Zoox, and Uber

San Francisco is about to become the only city where four robotaxi companies compete for riders. Waymo has 1,000 vehicles and freeway access. Tesla still needs safety drivers and faces a $240 million ...

11 Jan 14min

SpaceX Starship Flight 12 Update - Hardware Details, Flight Information, News from Starbase Texas

SpaceX Starship Flight 12 Update - Hardware Details, Flight Information, News from Starbase Texas

SpaceX is preparing to launch Starship Flight 12, the maiden flight of Block 3 vehicles. Booster 19 and Ship 39 will fly with Raptor 3 engines for the first time, generating 19 to 22 percent more thru...

10 Jan 10min

Tesla has lost the EV crown to a Chinese company

Tesla has lost the EV crown to a Chinese company

Tesla delivered 1.64 million vehicles in 2025, down 9 percent from the year before. BYD sold 2.26 million. For the first time in a full calendar year, Tesla is no longer the world's largest electric v...

9 Jan 10min

Elon Musk Wants 10,000 Starships Per Year

Elon Musk Wants 10,000 Starships Per Year

SpaceX flew Starship five times in 2025. The first three flights lost their ships during ascent. A fourth ship exploded on the test stand. Then Flights 10 and 11 succeeded, proving Block 2 works. On J...

8 Jan 9min

Nvidia is coming for Tesla

Nvidia is coming for Tesla

At CES 2026, Nvidia unveiled Alpamayo, a 10-billion parameter open-source AI model for self-driving cars. The first production vehicle to use it is the Mercedes-Benz CLA, launching in Q1 2026 with poi...

7 Jan 13min

Tesla's Cybercab Deadline and the Steering Wheel Question

Tesla's Cybercab Deadline and the Steering Wheel Question

Tesla confirmed Cybercab production will start in April 2026, with Elon Musk promising a vehicle with no steering wheel and no pedals. But prototypes spotted testing in Austin show human drivers with ...

7 Jan 10min

Murder Lawsuit Against ChatGPT

Murder Lawsuit Against ChatGPT

OpenAI is being sued over a murder-suicide in which ChatGPT allegedly fueled a man's paranoid delusions and validated his belief that his mother was trying to kill him. The lawsuit claims the chatbot ...

6 Jan 9min

Trump and Musk Are Friends Again

Trump and Musk Are Friends Again

On June 6, 2025, Donald Trump said Elon Musk had lost his mind. On January 4, 2026, they had dinner together at Mar-a-Lago. The reconciliation came less than 72 hours after U.S. forces captured Venezu...

5 Jan 8min

Populært innen Teknologi

lydartikler-fra-aftenposten
romkapsel
teknisk-sett
smart-forklart
elektropodden
energi-og-klima
nasjonal-sikkerhetsmyndighet-nsm
rss-ki-praten
rss-impressions-2
shifter
fornybaren
tomprat-med-gunnar-tjomlid
rss-ai-forklart
rss-heis
teknologi-og-mennesker
i-loopen
rss-alt-vi-kan
rss-alt-som-gar-pa-strom
rss-praktisk-proptech
rss-bouvet-bobler