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Elon Musk's $81b Tesla pay was struck down. What happens next?

·1 min

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The recent decision by a Delaware judge to void Elon Musk’s pay package has left Tesla’s board of directors with difficult choices. The judge ordered Tesla to cancel stock options awarded to Musk worth about $50 billion. Now the board must come up with a new compensation plan that is legally compliant and satisfies Musk’s demands for increased ownership of Tesla. Musk has indicated the possibility of appealing the decision and exploring options to incorporate the company in another state, such as Texas. The implications for Tesla’s stock and the role of the board are also being considered.