Tesla chief executive officer Elon Musk. — Reuters
NEW YORK: A Delaware judge has ruled that Tesla chief executive officer Elon Musk still is not entitled to receive a US$56bil compensation package despite shareholders of the electric vehicle company voting in June to reinstate it.
The ruling by the judge, Chancellor Kathaleen McCormick of the Court of Chancery, follows her January decision that called the pay package excessive and rescinded it, surprising investors, and cast uncertainty over Musk’s future at the world’s most valuable carmaker.
