The decision Tuesday, which amounts to his first major loss in court, means that more than five years after the electric-car maker's cofounder was granted the largest executive compensation plan in history, Tesla's board will have to start over and come up with a new proposal.
Musk never attempted to exercise his options since they'd been challenged in Delaware Chancery Court. Tesla's share price slid about 3% in after hours trading on the news. Musk has repeatedly urged Tesla's board to arrange another massive stock award for him, years after he sold a significant chunk of his shares in the company to acquire Twitter.
The billionaire has said he needs a bigger stake in Tesla to maintain control of the electric-car maker and expand further into AI.
هذه القصة مأخوذة من طبعة February 01, 2024 من Financial Express Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة February 01, 2024 من Financial Express Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Murdoch ally helps Ambani build media empire in India
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