GradyLaw®

Justice for Elon?

GradyLaw® represents Tesla shareholders in connection with a lawsuit in Delaware where a trial court judge has invalidated Elon Musk’s CEO compensation package agreed to in 2018 by the Tesla Board of Directors and ratified by shareholder vote.

UPDATE: We filed Objections in the Elon Musk compensation lawsuit in Delaware and opposed the plaintiff's attorneys’ demand for the unfathomable sum of $5.6 billion to be paid out of the pockets of you, the shareholders. Plaintiff’s response? His attorneys blinked, and are now asking for “only” $1.4 billion, or 75% less than when we started. But we won’t stop until it’s ZERO.

From near-bankruptcy in 2018 (as Elon slept on the Model 3 factory floor), the value of Tesla went to the moon (needing no rocket from SpaceX). Our clients believe the contract with Elon should be honored and that Tesla is significantly less valuable without him and the 2018 incentive-based agreement that produced these results.

At the time the contract was made (2018), the performance targets were so ambitious that Wall Street’s “smart money” said Elon would never hit those targets and would never be paid. The smart money was half-right: the performance targets were met (all of them) but Elon may never be paid.

If you are a Tesla shareholder, we would like to hear your opinion. Please see the adjacent form to send us.

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