Elon Musk's $55 billion Tesla pay package voided by U.S. judge

Tesla CEO Elon Musk — Musk is persistent in his pursuit for a bigger stake in Tesla, portraying the issue as about his command of the carmaker rather than money. (BLOOMBERG)

By:

Bloomberg

January 30, 2024 10:21 PM

Elon Musk’s $55 billion pay package at Tesla was struck down by a U.S. judge after a shareholder challenged it as excessive, a ruling that takes a giant bite out of Musk’s wealth.

Featured Stories

What automakers are saying about vehicle prices with tariffs in effect

Young technician grateful for his mentor

Volvo CEO Hakan Samuelsson promises new model, increased autonomy for U.S. business

Will Carvana be ready for the next market shift with tariffs? Confidence is there

Latest News

Jaguar Land Rover is pausing car exports to U.S. on tariffs

Tesla’s software engineering head is said to depart EV maker

Volvo CEO Hakan Samuelsson promises new model, increased autonomy for U.S. business

Live updates on tariffs: Ford, Stellantis offer employee discounts; China retaliates; Mexico seeks solution

Staying current is easy with newsletters delivered straight to your inbox.

See More in Automakers

Don Romano’s ‘wild ride’ at Hyundai Canada

U.S. senators seek to rein in Trump tariff authority

Europe reacts as Trump’s 25% auto tariffs take effect

What vehicle parts are now subjected to tariffs? Powertrain, suspension, safety and more

Staying current is easy with newsletters delivered straight to your inbox.