Elon Musk’s US$55b Tesla pay package struck down by judge

Elon Musk. (Image: Getty)

Thu, 01 Feb 2024

By Rebecca ElliottA Delaware judge struck down Elon Musk’s multibillion-dollar pay package at Tesla after finding the process for securing its approval “deeply flawed”, a major setback for the chief executive of the world’s most valuable automaker. The decision, issued Tuesday in the Delaware court of chancery, calls into question how Tesla’s board plans to compensate Musk, a serial entrepreneur with an array of other business interests. It also puts greater attention on Musk’s personal wealth, much...

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