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Court Rejects Musk’s “Unfathomable” $55.8 Billion Tesla Pay Package

Court Rejects Musk’s “Unfathomable” $55.8 Billion Tesla Pay Package

Calling the deal “unfathomable,” a Delaware court has blocked the $565 billion pay plan awarded Tesla CEO Elon Musk in 2018. The move could spell trouble for Musk’s current demand for 25% control of the EV maker while also raising concerns about his floundering social media site, X, which relied on loans backed by Tesla stock. More from Headlight.News.