Court Again Strikes Down Elon Musk's Tesla Pay Package Valued at More Than $50 Billion
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A Delaware judge has once again struck down Elon Musk's $50 billion pay package from Tesla, causing Tesla shares to slip in after-hours trading.
December 03, 2024 | 1:45 am
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Tesla's shares slipped in after-hours trading following a Delaware judge's decision to strike down Elon Musk's $50 billion pay package for the second time.
The legal decision against Musk's pay package is significant as it directly affects Tesla's governance and investor sentiment. The after-hours slip in Tesla's stock price indicates a negative market reaction, likely due to concerns over leadership stability and potential financial implications.
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