Tesla drops Musk’s $29B ‘interim’ award after Delaware court restored larger pay package

Tesla canceled Elon Musk’s $29 billion interim stock award after the Delaware Supreme Court restored his 2018 $56 billion pay package.

The company said the move follows its “no double-dip” policy, which prevents paying twice for the same performance award.

Tesla also disclosed new limits on when Musk can sell shares tied to the restored compensation.

The changes reduce the risk of duplicate pay and clarify Tesla’s handling of its compensation liabilities after the court ruling.