Delaware Judge Voids Elon Musk's $55 Billion Tesla Pay Package

A Delaware judge ruled Elon Musk's record-breaking compensation package unfair, impacting Tesla's future and Musk's wealth.

A Delaware judge struck down Elon Musk's $55 billion pay package, calling it unfair and voiding the agreement.
The pay package was contingent on Tesla meeting specific market value, revenue, and earnings targets, which it achieved.
Tesla's board, criticized for its lack of independence, may face challenges in offering Musk a new compensation deal.
The ruling could affect Tesla's share price and prompts discussions about moving the company's incorporation from Delaware.
Tesla is likely to appeal the decision, which could have implications for Musk's $205 billion fortune and Tesla's governance.