'Tough Battles Ahead ... For Sure:' Musk Reacts To MegaUpload Founder Kim Dotcom's Claims That Biden's 'Corruption' Cost Tesla CEO $56B
Portfolio Pulse from Anan Ashraf
Kim Dotcom claimed that the revocation of Elon Musk's $56 billion pay package by a Delaware judge is part of a campaign by the Biden government against Musk. Musk responded, acknowledging tough battles ahead. The judge ruled in favor of a Tesla shareholder who alleged fiduciary breaches in awarding Musk's pay package. Dotcom faces extradition to the U.S. over charges related to his site Megaupload.
February 02, 2024 | 10:59 am
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Elon Musk's acknowledgment of 'tough battles ahead' and the revocation of his $56 billion pay package by a Delaware judge could impact Tesla's stock price.
The revocation of Musk's pay package and his public acknowledgment of upcoming challenges could create uncertainty among investors, potentially leading to negative sentiment around Tesla's stock in the short term. Legal controversies often lead to volatility in a company's stock price, especially when they involve high-profile figures like Elon Musk.
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