Tesla boss Musk's $56bn compensation denied again by Delaware judge
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A Delaware judge has denied a motion to revise a ruling that rescinded Tesla CEO Elon Musk's $56 billion compensation package from 2018. The court found no procedural grounds for Musk and other Tesla executives to change the prior decision.
December 03, 2024 | 8:15 am
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A Delaware judge has denied a motion to revise a ruling that rescinded Elon Musk's $56 billion compensation package from 2018, impacting Tesla's legal standing.
The denial of the motion to revise the ruling on Musk's compensation package maintains the status quo, with no immediate financial impact on Tesla. However, it highlights ongoing legal challenges, which could affect investor sentiment.
CONFIDENCE 95
IMPORTANCE 70
RELEVANCE 90