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

Tesla has revoked the $29 billion interim compensation package it gave CEO Elon Musk in August 2025, after the Delaware Supreme Court restored his original $56 billion 2018 pay package. The company had promised no 'double dip' if Musk won his appeal. The board voted to cancel the interim award on April 21, without Musk or his brother Kimbal participating. This does not affect Musk's separate $1 trillion performance-based package, which requires hitting ambitious operational milestones over 10 years. Tesla's quarterly SEC filing also reveals the company has begun estimating which milestones Musk is likely to achieve, and has placed restrictions on when and how he can sell shares from the restored 2018 package.