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Delaware

Tesla wants shareholders to reinstate $56 billion pay package for Musk rejected by Delaware judge

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Tesla wants shareholders to reinstate  billion pay package for Musk rejected by Delaware judge


AUSTIN, Texas (AP) — Tesla will ask shareholders to reinstate a $56 billion compensation package for CEO Elon Musk that was rejected by a judge in Delaware this year and to move the electric car maker’s corporate home from Delaware to Texas.

In a filing with federal regulators early Wednesday, the company said it would ask shareholders to vote on both issues during its annual meeting on June 13.

In January, Chancellor Kathaleen St. Jude McCormick ruled that Musk is not entitled to a landmark compensation package awarded by Tesla’s board of directors that is potentially worth about $55.8 billion over 10 years starting in 2018.

Five years ago, a Tesla shareholder lawsuit alleged that the pay package should be voided because it was dictated by Musk and was the product of sham negotiations with directors who were not independent of him.

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Musk said a month after the judge’s ruling that he would try to move Tesla’s corporate listing to Texas, where he has already moved company headquarters.

Almost immediately after the judge’s ruling, Musk did exactly that with Neuralink, his privately held brain implant company, moving its corporate home from Delaware to Nevada.

In a letter to shareholders this week, Chairperson Robyn Denholm said that Musk has delivered on the growth it was looking for at the automaker, with Tesla meeting all of the stock value and operational targets in a 2018 CEO pay package that was approved by shareholders.

“Because the Delaware Court second-guessed your decision, Elon has not been paid for any of his work for Tesla for the past six years that has helped to generate significant growth and stockholder value,” Denholm wrote. “That strikes us — and the many stockholders from whom we already have heard — as fundamentally unfair, and inconsistent with the will of the stockholders who voted for it.”

Tesla posted record deliveries of more than 1.8 million electric vehicles worldwide in 2023, according to a regulatory filing. But the value its shares has eroded quickly this year as sales of electric vehicles soften.

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Future growth is in doubt and it may be a challenge to get shareholders to back a fat pay package in an environment where competition has increased worldwide and demand for electric vehicle sales is fading. Shareholders also will be asked to cast a nonbinding advisory vote on future executive compensation.

Tesla’s shares have lost more than one third of their value this year as massive price cuts have failed to draw more buyers. The company said it delivered 386,810 vehicles from January through March, nearly 9% fewer than it sold in the same period last year.

At the time of the Delaware court ruling, Musk’s package was worth more than $55.8 billion, but the court may have cost the mercurial CEO over $10 billion due to the company’s stock slide this year. The filing said Musk’s 2018 compensation was worth $44.9 billion at the close of trading on April 12.

Since last year, Tesla has cut prices as much as $20,000 on some models. The price cuts caused used electric vehicle values to drop and clipped Tesla’s profit margins.

This week, Tesla said it was letting about 10% of its workers go, about 14,000 people.

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In the filing, Tesla’s board wrote that the decision to seek shareholder approval of Musk’s 2018 pay package was made by the board after it received a report from a special committee of one board member, Kathleen Wilson-Thompson.

The board wrote that if there is any significant vote against future executive pay packages, “we will consider our stockholders’ concerns, and the compensation committee will evaluate whether any actions are necessary to address those concerns.”

Shares of Tesla Inc., which slid another 8% this week, were down slightly in trading just after Wednesday’s opening bell.

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This story has been corrected to explain that shareholder voting on future executive compensation is advisory only.

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Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.



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Delaware

Who governs matters: Why school board elections deserve your attention 

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Who governs matters: Why school board elections deserve your attention 


School board elections are one of the highest-leverage, lowest-participation decisions in Delaware. Turnout is low. Margins are small. In some cases, candidates run without a real contest. When voters do not engage, leadership is not selected. It is decided by default. When governance is decided by default, the system performs accordingly.

It’s clear that when residents fail to vote, it can have consequences — ones that most people recognize, but rarely connect to the ballot box. It shapes whether schools are focused on clear priorities or pulled in competing directions. It determines whether resources are invested in what improves student outcomes or spread thin. Those decisions show up in real ways: in the preparedness of students, the confidence of families, and the strength of Delaware’s workforce and economy.

In 2024, fewer than 5% of eligible voters cast ballots in Delaware school board elections, even as concern about outcomes, funding, and district leadership remained high across every sector of public life. The disconnect between what communities demand and how they participate is one of the most significant, and most solvable, barriers to progress in our state.

Data from the 2026 Delaware Opportunity Outlook reinforce this disconnect. A majority of Delawareans believe school board members have a direct influence on the quality of K–12 education, yet far fewer report understanding how improvement efforts are being carried out, or how decisions are made at the local level. In other words, people believe boards matter, but are not consistently using the one mechanism they have to influence who serves and how decisions are made.

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What governing actually requires 

A strong board member asks clear, outcome-focused questions and expects specific answers. They connect decisions to priorities, work through tradeoffs with colleagues, and ensure decisions are understood before the board moves forward. They listen for whether information reflects progress or activity, and press for clarity when it does not.

These are not intuitive responsibilities. They require preparation. School board governance is often treated as something individuals can step into without training, but these are complex roles that involve setting priorities, interpreting data, making tradeoffs, and ensuring decisions lead to results over time.

The Delaware Opportunity Outlook suggests that this is not how the role is widely understood. While Delawareans recognize that school boards influence the quality of education, far fewer identify training and professional preparation as essential. 

That gap has direct consequences. As the state advances new priorities, the effectiveness of those efforts will depend on whether local board members are prepared to implement them, monitor progress, and make results visible.

Delaware’s moment 

Delaware has established a clear direction for public education: defined priorities, a statewide literacy commitment, and a funding reform that will place significant new responsibilities on local boards. Plans set direction. Boards determine whether those plans turn into results.

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What happens next will not be determined by those plans alone. It will be determined by how effectively school boards translate those priorities into decisions, how consistently they track progress, and whether they make results visible to the public.

Candidate evaluation

Evaluating a candidate is straightforward: Can they name a small number of district priorities and explain why those matter? Can they describe what data they would review regularly and how they would use it? Can they explain how resources should align to outcomes and what they would do if results do not improve? Candidates who can answer those questions demonstrate an understanding of the role. Those who cannot speak to governance beyond the issues that brought them to the race may find the role more demanding than they anticipated.

Make your voice heard

Voting in a school board election is one of the few places where individual participation has a direct and immediate impact on how the system performs. School board elections are decided by small numbers of voters. Your decision to engage, or not, determines who governs. Choosing not to participate is not neutrality. It is a choice, and it carries the same weight as the vote itself.

Today, a decision will be made about who governs Delaware’s schools. You can be part of that decision, or it will be made without you. Either way, the results will show up in classrooms, in communities, and in the long-term strength of this state.

Find out who is running. Evaluate them on the work the role requires, not only on the positions they hold. Vote, and encourage others to do the same.

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For more details about voting in today’s elections, visit First State Educate’s 2026 School Board Elections page.



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Delaware

Pedestrian dies after being struck by vehicle in Delaware County

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Pedestrian dies after being struck by vehicle in Delaware County


Monday, May 11, 2026 10:57AM

Pedestrian dies after being struck by vehicle in Delaware County

TRAINER BOROUGH, Pa. (WPVI) — A person has died after being hit by a vehicle in Delaware County.

It happened around 2:45 a.m. on Monday in the 4300 block of West 9th Street in Trainer Borough.

Police and fire crews were called to the Parkview Mobile Home community for reports of a pedestrian hit by a car.

Officials say the victim went into cardiac arrest immediately after the crash.

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The investigation into the crash is ongoing.

Copyright © 2026 WPVI-TV. All Rights Reserved.



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Delaware State Police investigation shooting in Laurel – 47abc

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Delaware State Police investigation shooting in Laurel – 47abc


LAUREL, Del. — Delaware State Police are investigating a shooting in Laurel that left a 19-year-old man injured Friday afternoon and resulted in firearm charges against a Georgetown man, authorities said.

Troopers responded around 3:20 p.m. Friday to TidalHealth Nanticoke after the victim arrived at the hospital in a personal vehicle with non-life-threatening gunshot wounds, according to police. Investigators said the man had been shot in front of a residence on Portsville Road near Randall Street in Laurel.

Police said the victim was transported to the hospital in a blue Mazda 3 driven by 20-year-old Alexison Amisial of Georgetown. Troopers later located the vehicle and Amisial at First Stop Gas Station, where investigators said he was found carrying an untraceable firearm concealed in his waistband.

Amisial was taken into custody without incident and charged with carrying a concealed deadly weapon and possession of an untraceable firearm, both felonies, police said. He was arraigned in Justice of the Peace Court 3 and released on a $3,500 unsecured bond.

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The Delaware State Police Troop 4 Criminal Investigations Unit continues to investigate the shooting. Authorities are asking anyone with information to contact Detective R. Mitchell at 302-752-3794 or Delaware Crime Stoppers at 800-847-3333.





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