Elon Musk's $56B Pay Package Now Needs Green Signal From Delaware Judge Who Earlier Voided It: Report
Portfolio Pulse from Benzinga Neuro
Tesla Inc. (NASDAQ:TSLA) shareholders approved Elon Musk's $56 billion pay package, but it now requires approval from a Delaware judge. Despite shareholder support, the package faces legal challenges and opposition due to recent declines in sales and stock prices. The outcome remains uncertain.

June 14, 2024 | 8:53 am
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Tesla shareholders approved Elon Musk's $56 billion pay package, but it now requires approval from a Delaware judge. Despite shareholder support, the package faces legal challenges and opposition due to recent declines in sales and stock prices. The outcome remains uncertain.
The approval of Musk's pay package by shareholders is a significant step, but the need for judicial approval introduces uncertainty. Legal challenges and opposition due to recent declines in sales and stock prices add to the complexity. The short-term impact on TSLA's stock price is neutral as the outcome remains uncertain.
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