Elon Musk's $56 Billion Tesla Pay Package Rejected Again By Delaware Judge

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Tesla (TSLA) CEO Elon Musk's record 2018 pay deal was rejected again by a Delaware judge, even though shareholders again backed the massive compensation deal in June. Tesla stock fell slightly in ...

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Tesla stock fell slightly in ...</p>\n\n<a href=\"https://www.investors.com/news/tesla-stock-elon-musk-56-billion-paypackage-rejected-delaware-judge/\">网页链接</a>\n\n</div>\n","source":"investor_business_daily_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Elon Musk's $56 Billion Tesla Pay Package Rejected Again By Delaware Judge</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nElon Musk's $56 Billion Tesla Pay Package Rejected Again By Delaware Judge\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-03 09:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investors.com/news/tesla-stock-elon-musk-56-billion-paypackage-rejected-delaware-judge/><strong>Blockhead</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tesla (TSLA) CEO Elon Musk's record 2018 pay deal was rejected again by a Delaware judge, even though shareholders again backed the massive compensation deal in June. Tesla stock fell slightly in ...</p>\n\n<a href=\"https://www.investors.com/news/tesla-stock-elon-musk-56-billion-paypackage-rejected-delaware-judge/\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0943347566.SGD","symbol_name":"安联收益及增长平衡基金AM H2-SGD","start_time":0,"source_url":"https://www.investors.com/news/tesla-stock-elon-musk-56-billion-paypackage-rejected-delaware-judge/","article_id":"2488896212","we_media_id":null,"thumbnails":["https://www.investors.com/wp-content/uploads/2024/07/Stock-ElonMusk-TeslaPic-shut-640x360.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2488896212","pubTimestamp":1733187773,"columns":[],"sourceInfo":{"source_id":"investor_business_daily_highlight","name":"Investor’s Business Daily"},"weMediaInfo":null,"summary":"A Delaware judge again rejected Tesla's huge 2018 pay deal for CEO Elon Musk. 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Tesla stock fell slightly in after-hours trading.\nDelaware Court of Chancery Judge Kathaleen McCormick, in a late Monday decision, stuck with her January decision that Tesla's board was too heavily influenced by Elon Musk when awarding the original pay deal in 2018. At the time of the January ruling, the pay deal was worth some $56 billion. As of Monday's close, it was worth $101.5 billion.\n\n\n\n↑\nX\n\n\n\n\nNasdaq Kicks Off December With Record High: TSMC, META, WAY In Focus\n\n\nSee All Videos\n\n\n\n\nNOW PLAYING\nNasdaq Kicks Off December With Record High: TSMC, META, WAY In Focus\n\n\n\n\nIn June, some 77% of shareholders voting approved the Musk pay deal, or 72% excluding Musk and his brother, Kimbal Musk. Some 63% backed reincorporating Tesla in Texas, from Delaware.\nBefore the June shareholder vote, Musk had suggested he might shift Tesla resources to his privately held xAI if he didn't get the pay deal, as well as further power giving him a 25% voting stake.\nJudge Kathaleen McCormick wrote in Monday's opinion that, \"Even if a stockholder vote could have a ratifying effect, it could not do so here.\"\nTesla will likely appeal the ruling to the Delaware Supreme Court.\nThe company could award a new pay package, but with shares valued far more than in 2018, a similar compensation payout would be far more expensive for the EV giant. Back in 2018, the pay deal only was worth some $2.6 billion.\nStrictly speaking, rejection of Musk's pay deal means that there's less dilution for other shareholders.\nTesla Stock\nTSLA stock fell 1% in late trading.\nShares rose 3.5% to 357.09 in Monday's stock market trading, a two-year closing high.\nTesla began rolling out Full Self-Driving v13 to select outside customers. Two analysts raised price targets on TSLA stock, with FSD optimism a key factor.\nPlease follow Ed Carson on X/Twitter at @IBD_ECarson and Threads at @edcarson1971 for stock market updates and more.\nYOU MAY ALSO LIKE:\nWhy This IBD Tool Simplifies The Search For Top Stocks\n3 Titans Near Buy Points After Best Month Of 2024; Tesla FSD In Focus\nIBD Live: A New Tool For Daily Stock Market Analysis\nTesla Rises On FSD v13; BYD Eyes BEV Crown\nTesla Rolls Out 'New Brain' Amid 40% Tear On These Hopes","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2488896212"}