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Elon Musk’s $50 billion Tesla pay was struck down. What happens next?

IndiaTimes Thursday, 1 February 2024
Chancellor McCormick of the Delaware Court of Chancery orders cancellation of Elon Musk's $50 billion stock options, impacting Tesla's financial landscape. Musk remains a wealthy shareholder with around $78 billion. Musk suggests relocating Tesla to Texas, but shareholder approval is needed. Concerns about Musk's departure lead to a 2% drop in Tesla's share price.
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News video: Elon Musk Wants to Reincorporate Tesla in Texas

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Elon Musk Wants to Reincorporate , Tesla in Texas. On Jan. 31, a Delaware judge ruled that Musk cannot receive a $56 billion pay package that Tesla granted to him in 2018, CNBC reports. . The ruling was largely due to the fact that Musk was in control of the board of directors when he received the...

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