The state supreme court’s decision likely draws to a close a years-long battle that left such a bad taste in Musk’s mouth that he moved Tesla’s incorporation from Delaware to Texas, which prompted other companies to follow suit.
The 2018 award also set out a number of milestones that Musk had to hit in order to unlock the full value. Musk and Tesla hit all of those goals, but not before a shareholder filed suit over the award in 2018, arguing that it had been improperly negotiated and that shareholders weren’t properly informed of the conflicts of interest at play.
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