Tesla Investor Who Got Musk Pay Tossed Fires Back at His Appeal

A Tesla Inc. shareholder urged Delaware’s highest court to uphold a decision that struck down Elon Musk’s record-setting pay package, as the world’s richest person fights to recover it on appeal.

A Delaware Chancery Court judge was right to reject Musk’s bid to revive the Tesla compensation plan through a second shareholder vote, lawyers for Richard Tornetta — the Tesla investor who successfully challenged Musk’s pay — argued in an appeal brief filed Friday in the state’s Supreme Court.

Elon Musk

Photographer: Jordan Vonderhaar/Bloomberg

Musk’s reliance on the second vote as “ratification” of the board’s approval of his pay package has “no basis ...