"Judge Voids Elon Musk's $56 Billion Tesla Pay Package: What's Next for the Tech Billionaire?"
A Delaware judge's decision to void Elon Musk's $50 billion Tesla pay package leaves the company's board of directors facing tough decisions, including whether to appeal the decision, change Tesla's state of incorporation, or negotiate a new pay package. Musk's lawyers may attempt to appeal, but the chances of success are slim. The court ordered Tesla to cancel the stock options awarded to Musk, and now the board must devise a new compensation plan that complies with the law and satisfies Musk's demands for increased ownership of Tesla.