Do these 3 things before closing this tab:
1Scan for outdated or missing drivers - takes under a minute2Repair Windows errors before they cause bigger problems3Fix the driver behind crashes, sound loss and screen glitchesTesla urged shareholders to vote for a second time on Elon Musk’s 2018 performance-based stock-option award after a Delaware court ordered it rescinded. The June 2024 vote passed, but it did not settle the case: the Delaware Supreme Court later reversed rescission, reinstated the award, and awarded the plaintiff $1 in nominal damages. The often-repeated “$56 billion” is a historical shorthand for the award, not a verified current valuation.
What Tesla asked shareholders to approve
In May 2024, Tesla sought support for a second vote on Musk’s 2018 CEO Performance Award. The request came in a letter from Tesla Chair Robyn M. Denholm, filed with the SEC on May 21, 2024. Denholm urged shareholders to back two proposals ahead of the annual meeting: reincorporating Tesla in Texas and ratifying the 2018 award. The filing’s language was a request for votes; “begs” is an editorial characterization, not a word established by the filing. Tesla’s SEC-filed letter.
Tesla presented the vote as a matter of shareholder rights and argued that the award had delivered value. Those were the company’s advocacy claims. Its solicitation cited approximately 1,100% total shareholder return since March 2018; that figure was Tesla’s own statement, not an independently established performance measure in the court opinions.
What the $56 billion figure means
The award was not a $56 billion cash salary. It was a performance-based stock-option plan divided into 12 tranches. Each tranche required Tesla to reach a market-capitalization milestone and an operational milestone before the options could be earned. The Delaware Court of Chancery described the award as worth $55.8 billion in its 2024 opinion, which is the basis for the familiar rounded headline figure. The amount is a historical description, not a current market valuation of the options.
#1 Best Overall
- Boy's model toy car: The body is made of alloy material, with exquisite paint craftsmanship and good durability.
- Realistic alloy model car: The 1:32 interior decoration is realistic, with six doors that can be opened. The steering wheel and seats have simulated designs.
- Toy car with lights and music: Opening the car door can light up the lights and simulate the sound of an engine starting. It's a toy car that boys like.
- Companion to Decoration and Cake Decorations: It plays a great decorative role on display cabinets at home and is a great decoration for boys' birthday cake parties.
- Gift selection for toy cars for boys aged 3-12: This gift is suitable for children aged 3 and above and is a collectible for car enthusiasts.
The Delaware Supreme Court’s account says Tesla shareholders approved the award in 2018 with 73% of votes cast in favor, excluding Elon and Kimbal Musk’s shares. The 2018 approval and the 2024 resubmission were separate votes, held in different circumstances.
Why the award went to court
In January 2024, the Delaware Court of Chancery found the award was a conflicted transaction subject to the demanding entire-fairness standard and that the defendants had not shown it met that standard. The court ordered rescission. Its analysis addressed whether Musk exercised transaction-specific control, whether the approval process and disclosures met fiduciary standards, and what remedy was appropriate. The Delaware Supreme Court later recounted the trial court’s findings in its appellate opinion. Delaware Supreme Court opinion in In re Tesla, Inc. Derivative Litigation.
Rank #2
- Made of zinc alloy with ABS plastic parts
- 5.9 inch x 2.2 inch x 1.8 inch(size)
- The two sides of doors could be opened,front and back covercould be opened too
- You can pull back the car,then it can move forwards with Lights and Sound
- Very suitable as children 4 years and up toys for birthday,Christmas gift, new year. Also it can be a gift for your boyfriend
Tesla then resubmitted the plan for a shareholder vote with additional disclosure, including a copy of the Chancery opinion. On June 13, 2024, a majority of present and disinterested shares voted in favor. The cited Supreme Court account describes the result as a majority; it does not provide a percentage in that passage.
Why the second vote did not immediately end the dispute
In December 2024, the Chancery court rejected Tesla’s argument that the later vote should revise its post-trial decision. The court explained that “a stockholder vote standing alone cannot ratify a conflicted-controller transaction.” The ruling distinguished shareholder support from the court’s assessment of the conflict, the approval process, and the remedy. The Delaware Supreme Court’s opinion recounts the proceedings and final disposition.
Windows Errors? Fix Them Before They Spread
Repair common Windows errors and clear accumulated junk for a smoother, more stable PC - no reinstall needed.Free scan · no reinstallCrashes, No Sound, or Screen Glitches?
Random freezes, missing sound and display glitches usually trace back to one bad driver. Find and replace yours safely.Free scan · under a minuteRank #3
- ❄️ All-Weather Durable Body – Made with cold-resistant & impact-proof pvc materials, this boys pickup toy truck is perfect for winter play and holiday gifts!
- 🔋 2 Rechargeable Batteries + Extra Charging Cables – Remote control car can Enjoy up to 1 hour of playtime without frequent battery swaps. (Includes 2x 400mAh batteries + 2 USB cables for convenience!)
- ⚡ High-Speed RC Trucks Thrills (18 KM/H!) – Front-wheel drive for stable racing fun, ideal for kids aged 3+ to compete safely.
- 💡 Cool Adjustable LED Lights – This rc cars for kids is customize multicolor light modes and unique design for an epic nighttime driving experience!
- 👶 Kid-Friendly Ergonomic Remote – Designed for small hands with a comfortable grip, making steering easy & fun!
The trial court’s rejection of the vote’s effect was not the final legal outcome. On appeal, the Delaware Supreme Court reversed the rescission remedy, reinstated the 2018 plan, and awarded the plaintiff $1 in nominal damages. The court stated: “We reinstate the 2018 plan and award the Plaintiff nominal damages.” The Supreme Court’s disposition, rather than the earlier rescission order, is the current outcome reflected in these opinions.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.What Tesla said was at stake
Tesla argued in its proxy materials that rejecting the award could require the company to formulate a new compensation package and potentially produce an accounting charge in excess of $25 billion. That was Tesla’s stated rationale, as recounted by the Delaware Supreme Court—not a realized charge or a finding that the company incurred one.
Quick Recap
Best Value
- Made of zinc alloy with ABS plastic parts
- 5.9 inch x 2.2 inch x 1.8 inch(size)
- The two sides of doors could be opened,front and back covercould be opened too
- You can pull back the car,then it can move forwards with Lights and Sound
- Very suitable as children 4 years and up toys for birthday,Christmas gift, new year. Also it can be a gift for your boyfriend
Rank #4
- Made of zinc alloy with ABS plastic parts
- 5.9 inch x 2.2 inch x 1.8 inch(size)
- The two sides of doors could be opened,front and back covercould be opened too
- You can pull back the car,then it can move forwards with Lights and Sound
- Very suitable as children 4 years and up toys for birthday,Christmas gift, new year. Also it can be a gift for your boyfriend
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
