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Tesla CEO Elon Musk loses bid to get $56 billion pay package reinstated

  • A Delaware judge ruled against Elon Musk's bid to reinstate his $56 billion pay package from Tesla.
  • The judge stated Tesla's board was unduly influenced by Musk in creating the compensation package.
  • The board failed to ensure investors were fully informed about the proposal, leading to the pay package's voiding.
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Elon Musk faces a new setback: a judge in Delaware has paralysed the $56 billion payment approved by Tesla shareholders

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  • 43% of the sources are Center
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Just the News broke the news in Washington, United States on Monday, December 2, 2024.
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