Musk, Tesla shareholder to propose a stay of pay ruling during appeal

FILE PHOTO: Elon Musk, CEO of SpaceX and Tesla and owner of X, formerly known as Twitter, attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre in Paris, France, June 16, 2023. REUTERS/Gonzalo Fuentes//File Photo

(Reuters) - Elon Musk and the Tesla shareholder who won a verdict last month voiding the CEO's $56-billion pay package will ask a judge to pause her ruling until an appeal is resolved, according to a Tuesday letter to the court from the shareholder's attorney.

Greg Varallo, the shareholder's attorney, told Reuters the two sides will agree to a stay if they can reach a deal on an appeal bond.