Elon Musk's $56 Billion Pay Package Rejected Again

A Delaware judge has upheld a previous ruling that voided Elon Musk's 2018 pay package, worth a staggering $56 billion. This latest development marks the second time the package has been rejected, with Tesla being ordered to pay $345 million in attorneys' fees. The decision was made after a shareholder vote in June 2024, which was deemed invalid. Musk and Tesla can still appeal to the Delaware Supreme Court, but for now, the billionaire's hopes of securing this massive payout remain dashed. The ruling is a significant blow to Musk's financial ambitions, and it remains to be seen how this will impact his role at Tesla and his overall wealth. The case has been closely watched by investors and industry observers, who are eager to see how the situation unfolds. With the Delaware judge's decision, the spotlight is now on the Delaware Supreme Court, which will have the final say on the matter. As the saga continues to play out, one thing is clear: Elon Musk's financial future is far from certain.