Tesla Inc. co-founder Elon Musk urged a Delaware judge to toss an investor lawsuit alleging he improperly sold more than $7.5 billion in shares after receiving inside information that the electric-car maker would miss its production and delivery targets in 2022.

Tesla's board approved a compensation package for Elon Musk worth about $29 billion in order to keep the chief executive focused on the company.

February 2024: Judge McCormick formally ordered the $56 billion compensation plan to be rescinded, ruling that Tesla’s board withheld key information from shareholders ahead of the original approval vote.