Tesla Revokes Musk's $29B Interim Pay After Court Restores $56B Package

Tesla Inc revoked CEO Elon Musk's $29 billion interim pay award after the Delaware Supreme Court restored his $56 billion 2018 compensation package. The board, excluding Musk and brother Kimbal, approved the cancellation in an April 21 SEC filing to prevent a 'double dip,' while disclosing $9.97 billion in unrecognized stock-based compensation for a probable milestone and $105.82–$120.37 billion for improbable ones. Sale restrictions require Musk to remain through 2028 and hold shares five years to limit market impact from potential large sales. This underscores equity overhang risks balanced by governance safeguards, potentially swaying TSLA stock perceptions.