A Delaware judge has ruled in favor of the Tesla investors who challenged chief executive Elon Musk’s $56bn pay package as excessive. The judge found that Musk’s compensation was inappropriately set by the electric-vehicle maker’s board and struck down the package. If the decision survives any potential appeal, the Tesla board will have to come up with a new compensation package for Musk.
“Never incorporate your company in the state of Delaware,” Musk responded on Twitter/X.
