The ruling by the Delaware judge, Kathaleen McCormick of the court of chancery, follows her January decision that called the pay package excessive and rescinded it, surprising investors. The decision cast uncertainty over Musk's future at the world's most valuable carmaker.
Tesla's board argued the payment scheme was necessary to keep Musk involved in the company, an argument that the billionaire echoed.
This story is from the December 04, 2024 edition of The Guardian.
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This story is from the December 04, 2024 edition of The Guardian.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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