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Tesla’s Future Uncertain: Musk’s $56B Deal Axed

Delaware court orders Tesla to rescind Elon Musk's $56 billion pay package. Tesla's board remains silent on the impact of the ruling. Potential appeals and lawsuits pose risks for the company. Strong corporate governance and independence are crucial to regain investor confidence.

by Mark Eisenberg
Tue, Feb 13, 2024 6:59pm
in Technology
• 3 mins read
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Tesla's Future Uncertain: Musk's B Deal Axed | FinOracle

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Delaware Court Orders Tesla to Rescind Elon Musk’s $56 Billion Pay Package

In a significant blow to Tesla and its CEO Elon Musk, a Delaware court has ruled that the electric car company must rescind Musk’s staggering $56 billion pay package. Two weeks have passed since the ruling, and Tesla’s board remains silent on what this decision means for shareholders and what lies ahead for Musk.

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