The company made the announcement on Twitter Thursday, May 25, but has provided no details about a potential trial, which was not listed on the U.S. government database of trials. (AP Photo/ Benjamin Fanjoy, File)
Having spent several years as the wealthiest person globally, Elon Musk, CEO of Tesla, faces the potential of falling to the third position following a Delaware judge’s ruling on his US$55 billion pay deal.
The judge, Kathaleen St. J. McCormick, sided with a Tesla investor who argued that the 2018 remuneration package lacked clarity on Musk’s performance expectations and that the approving board was fraught with conflicting interests.
The judge’s decision could be a significant blow to Musk, who recently expressed his desire to increase his stake in Tesla to prevent being ousted and to maintain control over the company’s expansion into artificial intelligence…
