Musk’s Multibillion-Dollar Tesla Payout Is Gutted by Judge (1)

Elon Musk’s record-setting Tesla Inc. pay package was struck down once again by a Delaware judge, threatening to wrest billions of dollars from the world’s richest person and one of Donald Trump’s closest confidants.

Delaware Chancery Court Judge Kathaleen St. J. McCormickruled Monday that Tesla’s board was improperly influenced by Musk when it adopted the billionaire’s plan in 2018. It was the second time she rejected the pay package as excessive, sticking with her original finding in January even after shareholders backed the plan and Musk asked her to reconsider.

WATCH: Elon Musk’s record-setting Tesla Inc. pay package was struck down once again by a Delaware judge.

Source: Bloomberg

“There were undoubtedly a range of ...