Tesla revokes $29B interim pay award after court restores Musk's 2018 package

Tesla's board revoked the $29 billion interim award on April 21, 2026, citing its 'no double dip' principle, after the Delaware Supreme Court reinstated Musk's 2018 package. Musk and his brother were excluded from the vote as directors. Tesla also set limits on when Musk can sell shares from the restored package to avoid pressure on the stock.

• $29 billion interim award revoked on April 21, 2026
• Board vote excluded Elon Musk and Kimbal Musk as directors
• Tesla cited the 'no double dip' principle
• Restored 2018 package valued at $56 billion at grant; sale limits set by board