Elon Musk, chairman and chief executive officer of Tesla Motors, speaks during an event the company’s headquarters in Palo Alto, California, U.S., on Wednesday, Oct. 14, 2015. Photo: David Paul Morris.
A Tesla Inc. investor has sued over Elon Musk’s $2.6 billion-valued pay package in the Delaware Court of Chancery, calling the stock option a “massive, unfair and unprecedented” gift that would make the car manufacturer’s CEO one of the richest public-company executives in the world.
In a recently unsealed complaint, Tesla shareholder Richard Tornetta said the 10-year compensation plan could balloon to more than $55 billion if the Palo Alto-based company continues to grow at its current clip.
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