Judge Orders Musk to Return $56B Compensation

A Delaware Chancery Court judge has ruled that Tesla CEO Elon Musk must return his $56 billion compensation package awarded in 2018. The lawsuit, brought by Tesla shareholder Richard Tornetta, argued that the package was not fair as Musk had substantial influence over the board that granted it. The judge agreed, stating that the board had misled shareholders and the flawed negotiation process rendered the agreement unfair. This ruling could potentially be appealed to the Delaware Supreme Court. As a result of this ruling, Tesla is required to develop a new compensation package for Musk.