Billionaire Musk likely to \'double down\' on tweets after court victory
1 year, 11 months ago

Billionaire Musk likely to \'double down\' on tweets after court victory

Deccan Chronicle  

Elon Musk may become even more emboldened in his Twitter use after a jury cleared the billionaire Tesla Inc chief executive over his missive that he had "funding secured" to take his electric car company private. Musk is likely to "double down" on his communication tactics after the verdict, said Minor Myers, a professor of corporate law at the University of Connecticut. Karen Woody, an associate professor at Washington and Lee University School of Law, said she thought the case was "rock-solid" against Musk and she was shocked at the verdict. "Many people, when confronted by a lawsuit of this type would have dialed back tweeting," said Kim Forrest, chief investment officer at Bokeh Capital Partners.

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History of this topic

Norway PM worried by Musk involvement in politics outside US
2 days, 18 hours ago

Norway PM worried by Musk involvement in politics outside US

Hindustan Times  

OSLO -Norway's Prime Minister Jonas Gahr Stoere said on Monday that he found it worrying that billionaire Elon Musk was involving himself in the political issues of countries outside of the United States. Norway PM worried by Musk involvement in politics outside US Musk, a close ally of U.S. President-elect Donald Trump, last month endorsed a German anti-immigration, anti-Islamic political …

Tesla CEO Elon Musk donates shares worth $100 million to charities
3 days, 22 hours ago

Tesla CEO Elon Musk donates shares worth $100 million to charities

Live Mint  

Tesla CEO Elon Musk donated 268,000 Tesla shares to undisclosed charities shortly before the new year, as per regulatory filing. In 2022, he donated Tesla shares worth $1.95 billion, and in 2021, he contributed approximately $5.74 billion to the Musk Foundation, his nonprofit organization. According to the filing with the Securities and Exchange Commission, the shares were donated as part …

Elon Musk’s tirade against ’rape gangs’ in UK draws minister’s rebuke: ‘Pay attention, focus on America’
4 days, 9 hours ago

Elon Musk’s tirade against ’rape gangs’ in UK draws minister’s rebuke: ‘Pay attention, focus on America’

Live Mint  

The United Kingdom has responded to Elon Musk's tirade against the ruling Labour Party over its handling of the grooming gang scandal of child sexual abuse, saying the remarks were “misjudged and certainly misinformed”. Hitting back at Elon Musk, UK Health Secretary Wes Streeting said the Tesla chief “got a big role to play with his social media platform”. Echoing …

Musk learning limits of his power after failed 'firebombing' of GOP efforts: historian
5 days, 13 hours ago

Musk learning limits of his power after failed 'firebombing' of GOP efforts: historian

Raw Story  

According to noted historian Douglas Brinkley, billionaire Elon Musk learned a valuable lesson about how government works when he failed to derail a House budget deal. Appearing on MSNBC's "Morning Joe," Brinkley was asked whether House Speaker Mike Johnson will be re-elected on Friday when the House convenes to vote, he used Musk's failed interference as an example of how …

MAGA fans say Elon Musk still owes them 'thousands' for election petition referrals
1 week, 5 days ago

MAGA fans say Elon Musk still owes them 'thousands' for election petition referrals

Raw Story  

Some supporters of President-elect Donald Trump are calling out X owner Elon Musk for not paying them after they took part in his "free speech" petition ahead of the 2024 presidential election. In replies to a post criticizing Musk from Trump ally Laura Loomer, some Trump supporters said that they were still owed money after they took part in his …

How Elon Musk’s influence has grown both online and offline in 2024
1 week, 6 days ago

How Elon Musk’s influence has grown both online and offline in 2024

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. The debate around the billionaire has moved on dramatically over the last 12 months, from whether the …

Trump’s chief of staff had scheme to control Musk — its failure could blow up GOP: analyst
2 weeks, 1 day ago

Trump’s chief of staff had scheme to control Musk — its failure could blow up GOP: analyst

Raw Story  

Donald Trump’s nominee for chief of staff worried that Elon Musk’s connection to the president-elect was bad news and she worked to keep the billionaire’s power under control, a columnist wrote Tuesday. Marcotte wrote that “it’s a safe bet” that Wiles created the Department of Government Efficiency as a way to contain Musk — putting him in a “presidential advisory …

Elon Musk’s ‘Move Fast and Break Things’ Attitude Clashes with Washington
2 weeks, 2 days ago

Elon Musk’s ‘Move Fast and Break Things’ Attitude Clashes with Washington

Politico  

The billionaire tapped by Trump to co-chair the commission dubbed the “Department of Government Efficiency” embodies the Silicon Valley ethos of “move fast and break things,” more so even than Facebook founder Mark Zuckerberg, who made the motto famous in the first place. The SpaceX founder’s freewheeling, “if things are not failing, you are not innovating enough” approach — which …

Trump takes a swipe at close pal Elon Musk and reveals why the billionaire will 'never' be president
Trending News
2 weeks, 2 days ago

Trump takes a swipe at close pal Elon Musk and reveals why the billionaire will 'never' be president

Daily Mail  

President-elect Donald Trump took a swipe at 'first buddy' Elon Musk as critics question who is really in charge between the close pair as the 78-year-old prepares to return to the White House. President-elect Donald Trump claimed Musk is 'not going to be president' because he was born in South Africa as his critics question who is really in charge …

Wall Street Journal flames Trump and Musk over ‘budget fiasco’ and what it threatens for future
2 weeks, 2 days ago

Wall Street Journal flames Trump and Musk over ‘budget fiasco’ and what it threatens for future

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Wall Street Journal’s editorial board has eviscerated Donald Trump …

Chris Christie says Trump will dump Elon Musk when he needs a scapegoat
2 weeks, 3 days ago

Chris Christie says Trump will dump Elon Musk when he needs a scapegoat

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. As soon as the going gets rough and Trump …

'Blindsided' and 'furious' Trump turned Elon Musk loose on House leadership: insider
2 weeks, 3 days ago

'Blindsided' and 'furious' Trump turned Elon Musk loose on House leadership: insider

Raw Story  

According to a deep dive into how House Speaker Mike Johnson managed to get most of his caucus and Donald Trump to agree on a budget package that kept the government working until March, the Washington Post is reporting that Johnson "blindsided" the president-elect by also negotiating with Democrats. That, in turn, led Trump to prompt billionaire adviser Elon Musk …

'Blindsided' and 'furious' Trump turned Elon Musk loose on House leadership: insider
2 weeks, 3 days ago

'Blindsided' and 'furious' Trump turned Elon Musk loose on House leadership: insider

Raw Story  

According to a deep dive into how House Speaker Mike Johnson managed to get most of his caucus and Donald Trump to agree on a budget package that kept the government working until March, the Washington Post is reporting that Johnson "blindsided" the president-elect by also negotiating with Democrats. That, in turn, led Trump to prompt billionaire adviser Elon Musk …

Former GOP chair suggests Musk is steamrolling ‘too old’ Trump
2 weeks, 3 days ago

Former GOP chair suggests Musk is steamrolling ‘too old’ Trump

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The former chairman of the …

Trump team refutes ‘President Musk’s outsized influence on GOP
2 weeks, 5 days ago

Trump team refutes ‘President Musk’s outsized influence on GOP

Hindustan Times  

President-elect Donald Trump’s team has pushed back against claims that Elon Musk is wielding outsized influence within the Republican Party after the tech billionaire played a major role in derailing a key spending bill intended to avert a government shutdown. Early Wednesday, Musk denounced the bill on his social media platform X, warning, “Stop the steal of your tax dollars!” …

'Hurts everyone': Finger-pointing takes over social media after spending bill implodes
2 weeks, 6 days ago

'Hurts everyone': Finger-pointing takes over social media after spending bill implodes

Raw Story  

The spectacular implosion of the Donald Trump-backed temporary spending bill sent Washington insiders and political observers into a mad dash to explain their position – and in some cases criticize their own party. “The takeover is complete,” Condé Naste legal affairs editor Luke Zaleski posted to his social media feed after the failed vote Thursday. “Trump and Musk told congressional …

Elon Musk just killed Donald Trump's honeymoon
2 weeks, 6 days ago

Elon Musk just killed Donald Trump's honeymoon

Salon  

Back in 2016, the whole country was left in shock when celebrity businessman Donald Trump managed to take over the Republican Party and win the presidential election. It's clearly starting to come apart largely because Trump made himself a much lamer duck than he needed to be. As the anointed budget cutter in chief he took great umbrage that anyone …

'It costs money!' Some Republicans push back at Musk's pressure to shut down government
2 weeks, 6 days ago

'It costs money!' Some Republicans push back at Musk's pressure to shut down government

Raw Story  

WASHINGTON — Elon Musk’s dumb for a smart guy — at least according to Republicans questioning why the man promising to save the government trillions is on the glide path to costing it billions. “And then it costs money to open up the government.” Some Republicans on Capitol Hill fear Trump’s now following Musk’s lead — a move that has …

Democrats blast influence of ‘President Elon Musk’ over Trump amid spending deal row
Trending News
2 weeks, 6 days ago

Democrats blast influence of ‘President Elon Musk’ over Trump amid spending deal row

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Democrats have slammed Elon Musk after his opposition to House …

Political Reporter Says Elon Musk Is ‘Playing A Risky Game’ With Trump
2 weeks, 6 days ago

Political Reporter Says Elon Musk Is ‘Playing A Risky Game’ With Trump

Huff Post  

LOADING ERROR LOADING Wall Street Journal reporter Vivian Salama said Elon Musk is “definitely playing a risky game” by getting ahead of Donald Trump to tank a government funding bill. Democrats and other critics started calling Musk Trump’s “shadow president” on Wednesday after the billionaire Tesla CEO railed repeatedly against the bill in a social media spree, before the president-elect …

Elon Musk's Favorability Is Similar To Donald Trump's, Poll Finds
3 weeks ago

Elon Musk's Favorability Is Similar To Donald Trump's, Poll Finds

Huff Post  

LOADING ERROR LOADING WASHINGTON — Elon Musk, clad in tuxedo and black tie, took the stage at President-elect Donald Trump’s Mar-a-Lago resort shortly after the election with all the swagger of the winning candidate himself. Musk, whose net worth tops $400 billion, oversees six businesses while continuing to work closely with Trump: electric car manufacturer Tesla, the X social media …

"This bill is a crime": Musk throws social media fit over stopgap government funding effort
3 weeks, 1 day ago

"This bill is a crime": Musk throws social media fit over stopgap government funding effort

Salon  

Soon-to-be Department of Government Efficiency head Elon Musk can add another imaginary title to his resume: social media majority whip. Musk was tagged to join President-elect Donald Trump's administration alongside Vivek Ramaswamy, and the pair were given the ill-defined mandate to slash government spending. He posted more than 40 times to his social media app X on Wednesday, calling the …

Why Elon Musk should get every cent of his $56bn Tesla pay package
3 weeks, 1 day ago

Why Elon Musk should get every cent of his $56bn Tesla pay package

The Independent  

The moment my children became interested in the US election was not when Taylor Swift declared her support for Kamala Harris, it was when Elon Musk appeared alongside Donald Trump. Elon Musk helped to get Donald Trump re-elected So, when judge Kathaleen McCormick in the Delaware court of chancery found against Musk in January, there was widespread harrumphing and nodding: …

Elon Musk, now worth over $400 billion, leads Trump's super-rich administration
Trending News
3 weeks, 2 days ago

Elon Musk, now worth over $400 billion, leads Trump's super-rich administration

Salon  

Elon Musk’s net worth has topped $400 billion, making him the first person in the world to reach that threshold and far ahead of the other billionaires tapped for President-elect Donald Trump's incoming administration. Musk, CEO of Tesla and co-leader of Trump's new DOGE nongovernmental advisory group, has seen his fortune increase 77% since the Nov. 5 election to $447 …

"Invitation for corruption": Warren suggests Elon Musk could be using Trump to make himself richer
3 weeks, 2 days ago

"Invitation for corruption": Warren suggests Elon Musk could be using Trump to make himself richer

Salon  

After dropping more than $250 million on his effort to elect Donald Trump, billionaire and Pentagon contractor Elon Musk could now use his power and influence to steer sweetheart deals to his network of companies, Sen. Elizabeth Warren, D-Mass., warned in a letter sent Monday to the Trump transition team. “Putting Mr. Musk in a position to influence billions of …

Elon Musk’s wealth jumps by $170bn since election day after he backed Trump with $277m
3 weeks, 2 days ago

Elon Musk’s wealth jumps by $170bn since election day after he backed Trump with $277m

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Elon Musks’s wealth has …

Has Elon Musk announced a $20 million crypto giveaway? Deepfake video goes viral
3 weeks, 2 days ago

Has Elon Musk announced a $20 million crypto giveaway? Deepfake video goes viral

Hindustan Times  

A deepfake video of Elon Musk promising a massive cryptocurrency giveaway has gone viral, sparking confusion and concern. The misleading video falsely promotes a $20 million cryptocurrency giveaway, luring viewers to a website called Elon4u.com. In the video, Musk appears to announce a surprise crypto giveaway, claiming, "I’ll be doing a $20 million crypto giveaway at Elon4u.com for one week …

Trump set to scrap car-crash regulation Musk hates: Report
3 weeks, 4 days ago

Trump set to scrap car-crash regulation Musk hates: Report

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Donald Trump’s transition team is reportedly considering scrapping a car-crash …

Musk says US is demanding he pay penalty over disclosures of his Twitter stock purchases
3 weeks, 5 days ago

Musk says US is demanding he pay penalty over disclosures of his Twitter stock purchases

Associated Press  

DETROIT — Elon Musk says the Securities and Exchange Commission wants him to pay a penalty or face charges involving what he disclosed — or failed to disclose — about his purchases of Twitter stock before he bought the social media platform in 2022. In a letter posted by Musk on the platform now called X, his lawyer Alex Spiro …

Elon Musk says SEC orders him to pay fine over Twitter purchase or face charges
Trending News
3 weeks, 6 days ago

Elon Musk says SEC orders him to pay fine over Twitter purchase or face charges

CNN  

New York CNN — Elon Musk apparently has one last battle to wage with outgoing Securities and Exchange Commission Chairman Gary Gensler. Musk posted a letter sent from his attorney Alex Spiro to Gensler in which he said that the agency demanded that Musk agree within 48 hours to pay a fine related to his failure to disclose his initial …

Bill Gates to go bankrupt? Tesla CEO Elon Musk explains how
3 weeks, 6 days ago

Bill Gates to go bankrupt? Tesla CEO Elon Musk explains how

India Today  

Elon Musk, the world’s richest man, said that Microsoft co-founder Bill Gates could face bankruptcy under certain circumstances involving Tesla, the electric vehicle company Musk leads. Musk wrote on X, “If Tesla does become the world’s most valuable company by far, that short position will bankrupt even Bill Gates.” This comment has reignited their long-standing feud over Gates’ alleged short …

Oh Gary, how could you: Elon Musk mocks US body amid Twitter stock probe
3 weeks, 6 days ago

Oh Gary, how could you: Elon Musk mocks US body amid Twitter stock probe

India Today  

Elon Musk reignited his ongoing dispute with the US Securities and Exchange Commission on Thursday by posting a letter on X, revealing that the US Securities and Exchange Commission has reopened its investigation into his brain-chip company, Neuralink. “Oh Gary, how could you do this to me?” Elon Musk said, addressing SEC Chair Gary Gensler in the post alongside a …

Elon Musk’s shocking claim amid Tesla feud: ’That short position will bankrupt Bill Gates’
3 weeks, 6 days ago

Elon Musk’s shocking claim amid Tesla feud: ’That short position will bankrupt Bill Gates’

Live Mint  

Tesla CEO Elon Musk has reignited his longstanding feud with Bill Gates, claiming that Gates’ alleged short position against Tesla could potentially bankrupt the Microsoft founder. Musk’s latest tweet boldly declared, “If Tesla does become the world’s most valuable company by far, that short position will bankrupt even Bill Gates.” According to NDTV, the feud between the two tech billionaires …

Elon Musk hits ‘historic first’: $400 billion net worth rocketed by $50 billion SpaceX share sale
4 weeks ago

Elon Musk hits ‘historic first’: $400 billion net worth rocketed by $50 billion SpaceX share sale

Live Mint  

Elon Musk Net Worth: Elon Musk has made history by becoming the first individual to surpass a staggering net worth of $400 billion, according to the Bloomberg Billionaires Index. Elon Musk's net worth soared to an impressive $439.2 billion As Tesla shares hit a new high Wednesday, according to Bloomberg. Trump's Win and Musk's Stock Market Impact Elon Musk's $400 …

Elon Musk becomes first person to cross $400 billion in wealth
4 weeks ago

Elon Musk becomes first person to cross $400 billion in wealth

India Today  

Elon Musk, the founder of SpaceX and CEO of Tesla, has become the first person in history to reach a net worth of $400 billion, according to the Bloomberg Billionaires Index. A recent insider share sale at SpaceX played a huge role in boosting Musk’s net worth, reported Bloomberg. Musk’s net worth surged to $447 billion, driven by both the …

Elon Musk becomes first person in history with $400 billion net worth
4 weeks ago

Elon Musk becomes first person in history with $400 billion net worth

Hindustan Times  

SpaceX and Tesla CEO, Elon Musk, has become the first person in history to reach $400 billion in net worth, after a recent insider share sale as well as the recent US elections results, reported Bloomberg. Elon Musk, CEO of SpaceX and Tesla, has become the first person in history to have a net worth of $400 billion According to …

Elon Musk becomes the first person on earth to reach a net worth of $400 billion
4 weeks, 1 day ago

Elon Musk becomes the first person on earth to reach a net worth of $400 billion

CNN  

New York CNN — The richest person in the world just hit an even higher milestone. Elon Musk’s net worth has reached $400 billion, according to Bloomberg, making him the first person ever to cross that mark. Behind his nearly $20 billion jump in wealth was a deal that shot up Musk’s rocket company SpaceX’s valuation to roughly $350 billion, …

Not just Elon Musk: Silicon Valley's tech bosses poured millions into US presidential campaign
1 month ago

Not just Elon Musk: Silicon Valley's tech bosses poured millions into US presidential campaign

India Today  

NEW DELHI: Silicon Valley tech moguls made a significant impact on the recent 2024 US presidential election, with a Guardian analysis revealing that the tech industry contributed over $394.1 million to the race between Donald Trump and Kamala Harris. The majority of these donations came from billionaire Elon Musk, who gave an enormous $242.6 million to former President Donald Trump’s …

Why Elon Musk should get every cent of his $56 billion pay package
1 month ago

Why Elon Musk should get every cent of his $56 billion pay package

The Independent  

The moment my children became interested in the US election was not when Taylor Swift declared her support for Kamala Harris, it was when Elon Musk appeared alongside Donald Trump. Elon Musk helped to get Donald Trump re-elected So, when judge Kathaleen McCormick in the Delaware court of chancery found against Musk in January, there was widespread harrumphing and nodding: …

Elon Musk Spent $270 Million to Support Trump’s Presidency
1 month ago

Elon Musk Spent $270 Million to Support Trump’s Presidency

Deccan Chronicle  

Tech billionaire Elon Musk spent at least $270 million to help Donald Trump win the US presidency, according to new federal filings, making him the country's biggest political donor.SpaceX and Tesla CEO Musk, the world's richest person, was an ardent supporter of Trump's White House campaign -- funneling money into door knocking operations and speaking at his rallies.His financial backing, …

Trump adds more billionaires to his administration after promising to help ‘everyday Americans’
1 month ago

Trump adds more billionaires to his administration after promising to help ‘everyday Americans’

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. open image in gallery Elon Musk, the world’s wealthiest person, has been tapped to …

Elon Musk spent over $250 million to help Trump get elected, new filings show
Top News
1 month ago

Elon Musk spent over $250 million to help Trump get elected, new filings show

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Elon Musk spent over $250m on political donations to help …

Elon Musk funded a super PAC comparing Trump’s position on abortion to Ruth Bader Ginsburg’s
1 month ago

Elon Musk funded a super PAC comparing Trump’s position on abortion to Ruth Bader Ginsburg’s

Associated Press  

Elon Musk was the sole funder of a super PAC formed less than a month before the election that focused on advertising intended to convince voters that Donald Trump ‘s stance on abortion was akin to that of late Supreme Court Justice Ruth Bader Ginsburg. A group titled RBG PAC, formed in mid-October, received a single contribution of $20.5 million …

Elon Musk Behind Pro-Trump Group That Invoked Ruth Bader Ginsburg, Part Of $250 Million Spending Blitz
1 month ago

Elon Musk Behind Pro-Trump Group That Invoked Ruth Bader Ginsburg, Part Of $250 Million Spending Blitz

Huff Post  

LOADING ERROR LOADING Elon Musk spent more than $250 million to help elect Donald Trump, according to campaign finance reports released on Thursday, including a late boost of $20 million to a super PAC that invoked the late U.S. Supreme Court Justice Ruth Bader Ginsburg. The group has a webpage honoring Ginsburg, a major judicial advocate for abortion protections, and …

Buying a presidency: Elon Musk spent over $250 million to elect Donald Trump
Top News
1 month ago

Buying a presidency: Elon Musk spent over $250 million to elect Donald Trump

Salon  

South African billionaire Elon Musk dropped more than $250 million on the 2024 election in a successful bid to elect Donald Trump as president, according to filings with the Federal Election Commission that were made public Thursday. That is the same PAC that Musk used to give away $1 million to various Trump voters in a scheme that appeared to …

What’s next in the legal battle over Elon Musk’s $100 billion pay deal
1 month ago

What’s next in the legal battle over Elon Musk’s $100 billion pay deal

Live Mint  

Elon Musk’s record-breaking Tesla compensation package has hit another roadblock, after a Delaware judge on Monday again rejected the pay deal, now worth nearly $100 billion. The company hadn’t sought to renegotiate a pay deal with Musk, which the board of directors identified as a risk to Tesla. If an appeal fails, board directors could craft a fresh compensation package …

Elon Musk’s multibillion-dollar pay package is rejected for a second time. What to know
1 month ago

Elon Musk’s multibillion-dollar pay package is rejected for a second time. What to know

LA Times  

A Delaware judge rejected Tesla Chief Executive Elon Musk’s multibillion-dollar pay package for a second time, writing in her opinion this week that the company’s approval process for the package was “deeply flawed.” Tesla shareholders approved the compensation plan in 2018, which was once valued at $56 billion but fluctuates dramatically with Tesla’s stock price. Business Tesla shareholders strongly support …

A judge has once again rejected Musk’s multi-billion-dollar Tesla pay package. Now what?
1 month ago

A judge has once again rejected Musk’s multi-billion-dollar Tesla pay package. Now what?

Associated Press  

DETROIT — For a second time, a Delaware judge has nullified a pay package that Tesla had awarded its CEO, Elon Musk, that once was valued at $56 billion. The judge ruled then that Musk effectively controlled Tesla’s board and had engineered the outsize pay package during sham negotiations. In her 103-page opinion, she ruled that under Delaware law, Tesla’s …

Why is a US judge blocking Elon Musk’s $56 billion pay from Tesla?
1 month ago

Why is a US judge blocking Elon Musk’s $56 billion pay from Tesla?

Firstpost  

Tesla CEO Elon Musk’s $56 billion performance-based pay package has been blocked by a Delaware judge for the second time, despite shareholder approval. File Image/Reuters A Delaware judge in the United States has upheld her earlier ruling to block Tesla CEO Elon Musk’s record-breaking $56 billion pay package, despite multiple attempts by Musk’s legal team and Tesla shareholders to reinstate …

Musk's $55.8 bn Tesla pay deal again rejected by US judge
1 month ago

Musk's $55.8 bn Tesla pay deal again rejected by US judge

Deccan Chronicle  

Washington: A US judge on Monday upheld her decision to reject Elon Musk's massive $55.8 billion compensation package at Tesla, denying an attempt to restore the pay deal through a shareholder vote. In a court filing, Chancellor Kathaleen McCormick of Delaware's Court of Chancery ruled that Tesla's attempt to ratify Musk's compensation package through a June shareholder vote could not …

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