A judge rules that Elon Musk cannot keep the $56 billion salary package that was given at Tesla. The payment to the CEO of Tesla and SpaceX in effect since 2018 is unparalleled in corporate history and has made him the richest person on the planet.
Tesla's stock price slid about 3% in after-hours trading Tuesday following the decision in the lawsuit filed by Richard Tornetta, a shareholder in the electric automaker. "Plaintiff is entitled to termination," Delaware Court of Chancery Judge Kathaleen McCormick wrote in her ruling.