Wednesday, April 24, 2024

HomeEconomyJudge voids Elon Musk's 'unfathomable' $56 billion Tesla pay package

Judge voids Elon Musk’s ‘unfathomable’ $56 billion Tesla pay package

Technology

Reuters exclusively reported that A Delaware judge tossed out Elon Musk’s record-breaking $56 billion Tesla (TSLA.O), pay package on Tuesday, calling the compensation granted by the EV maker’s board “an unfathomable sum” that was unfair to shareholders.  

Market Impact

Shares were down 1.5% following the news in extended trading. 

Article Tags

Topics of Interest: Technology

Type: Reuters Best

Sectors: Economy & Policy

Regions: Americas

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story


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