Delaware Supreme Court Reinstates Tesla Stock Options, Boosting Musk's Wealth

According to Odaily, the Delaware Supreme Court has reinstated a $139 billion Tesla stock option package that was previously nullified, leading to a significant increase in Tesla CEO Elon Musk's net worth, which soared to $749 billion last Friday. The compensation package, originally valued at $56 billion in 2018, was dismissed by a lower court two years ago as 'excessive.' However, the Delaware Supreme Court announced on Friday that the decision to revoke the package in 2024 was improper and unfair to Musk. Earlier this week, reports suggested that Musk's aerospace startup, SpaceX, might soon go public, which contributed to his net worth surpassing $600 billion, making him the first person globally to achieve this milestone.