Posted 1/31/2024, 2:02:00 PM
Tesla Stock Drops After Judge Rules Musk's $56B Compensation Package Invalid
- Tesla (TSLA) stock down almost 3% in pre-market trading after judge ruled Elon Musk's $56B compensation package invalid
- Delaware judge sided with investor plaintiffs who contested Musk’s compensation plan
- Judge ruled Tesla board must rescind Musk's pay package
- Analysts expect Tesla board to appeal the ruling
- Tesla stock price dropped 2.73% in pre-market trading Wednesday morning after news of the ruling