Tesla: judge cancels Musk's compensation plan, estimated at $56 billion. In the wake of the judgment, Tesla shares lost 2.42% in electronic trading after the close of the New York Stock Exchange.
Elon Musk was sued, alongside Tesla and certain members of the board of directors, by a shareholder who accused them of having unduly authorized in 2018 “the largest compensation plan ever awarded to an executive” The judge in a court in the state of Delaware, in the eastern United States, ruled in favor of a shareholder of the automobile manufacturer Tesla.