Published On Dec 2, 2024, 6:24 PM
A Delaware court has rejected Tesla's attempt to reinstate Elon Musk's massive $56 billion pay package, originally approved by shareholders and directors. The ruling is based on concerns that the board was overly influenced by Musk when they approved the package. The judge allowed the possibility for Musk to appeal this decision, marking the second time the package has been rejected.
Tesla's ongoing legal issues could create uncertainty around its governance practices, potentially leading to investor concerns about corporate management and decision-making. This uncertainty might affect investor sentiment negatively in the short term, especially if it impacts Tesla's stock performance or confidence in senior leadership.
Dec 2, 2024, 5:20 PM
The judge said she would not reverse her decision to strike down the compensation package after Tesla shareholders approved Mr. Musk’s pay a second time.
Dec 2, 2024, 4:00 PM
Investors are looking ahead to a week of labor data that could influence the scope of interest rate cuts.
Dec 1, 2024, 8:15 PM
Some councils are considering charging owners of larger vehicles more for parking permits.