Reported 1 day ago
Tesla stock fell nearly 2% after a Delaware court denied CEO Elon Musk's revised $56 billion pay package for the second time, citing excessive nature and misleading approval processes. Musk, who has hinted at leaving Tesla if he can't secure 25% voting control, previously held a 22% stake, which has since dropped to 13%. Despite shareholders approving the package twice, the court ruled against it, raising questions about Musk's future compensation and the company's stock performance amid mixed quarterly results.
Source: YAHOO