Lawyers for Tesla have asked a Delaware judge to reverse her decision to void a multibillion-dollar pay package for Mr. Musk after shareholders approved it a second time in June.
Sales of electric cars are surging as more people become interested in the technology and grow concerned about climate change.
The gap with workers widened even further as public companies granted top executives rich pay packages partly inspired by Tesla.
The electric-vehicle maker’s stock has fallen sharply after its initial public offering last year gave it a huge market value.
The company said it expected to produce only 25,000 electric vehicles this year, adding a new cloud to its outlook only months after a hot I.P.O.
The electric vehicle maker’s stock surged after a public offering last fall but has since plunged, in part because the company failed to meet its 2021 goals.
The electric vehicle maker’s stock surged after a public offering last fall but has since plunged, in part because the company failed to meet its 2021 goals.
The company, backed by Amazon and Ford, was valued at nearly $70 billion in its initial public offering, though it has delivered only 156 vehicles.