"Delaware Court Overrules Elon Musk's $56 Billion Tesla Compensation, What's Next for Tesla?"

A Delaware judge voided Elon Musk's $55.8 billion Tesla pay package, calling it an "unfathomable sum" that was unfair to shareholders. The lawsuit was filed by a shareholder who claimed that Musk had close ties with the Tesla board and too much say in negotiations. Musk and Tesla argued that ensuring Musk continued to lead the company was critical to its future and that the deal made concessions to shareholders. The judge ruled that Musk controlled Tesla and the board failed to prove the fairness of the compensation plan. Tesla board members now face the challenge of negotiating a new pay package that has the approval of shareholders and Musk, who recently demanded an increase in his ownership stake in the company.