Tesla loses bid to restore Musk’s record $56bn pay package
Tesla loses bid to restore Musk’s record $56bn pay package
3/12/2024 6:24

A judge in Delaware has rebuffed Tesla’s attempt to revive a $56bn pay package for Elon Musk, saying that shareholders’ overwhelming reapproval was not enough to override her previous rejection of the package.

Monday’s decision is a stinging rebuke of the world’s most valuable carmaker and chief executive Musk, the richest man in the world who has been riding high since Donald Trump was elected for a second term as US president a month ago.

Source: Financial Times

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