Judge confirms decision to sink Elon Musk's $56B pay package despite Tesla shareholder vote
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A Delaware Chancery court judge has upheld her decision to nullify Elon Musk's $56 billion pay package, despite Tesla shareholders voting to re-ratify the deal at the annual meeting.
December 02, 2024 | 10:30 pm
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The Delaware Chancery court has upheld its decision to nullify Elon Musk's $56 billion pay package, despite Tesla shareholders voting to re-ratify it. This legal decision could impact investor sentiment and Tesla's stock price.
The court's decision to uphold the nullification of Musk's pay package, despite shareholder support, could lead to negative investor sentiment. This may result in a short-term decline in Tesla's stock price as investors react to the legal setback.
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