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Elon Musk's 2018 Tesla pay package musk be restored, Delaware supreme court rules

The Delaware Supreme Court has ruled that Elon Musk's 2018 Tesla CEO pay package, valued at $56 billion, must be restored. This decision concludes a lengthy legal battle initiated by shareholder Richard J. Tornetta, who accused Musk and the Tesla board of breaching fiduciary duties. The court found the original approval process flawed, but the Supreme Court's ruling reinstates the compensation.

CNBC·
US
TSLA
-0.45%
US
TSDD
+0.95%
US
TSLL
-1.03%
CNBC·
US
TSLA
-0.45%
US
TSDD
+0.95%
US
TSLL
-1.03%

LIVE MARKETS-US stocks climb to cap off choppy week

U.S. stocks ended higher, with the Nasdaq up over 1% and tech leading S&P 500 sector gains. Micron Tech and Nvidia shares rose significantly, while Oracle rallied after a deal involving TikTok. The S&P 500 gained 0.1% for the week, the Nasdaq rose 0.48%, and the Dow fell 0.67%. The market was supported by Friday's triple witching and an oversold bounce, though options expiration may lead to future volatility.

Reuters·
US
NVDA
+3.93%
US
MU
+6.99%
US
ORCL
+6.63%
Reuters·
US
NVDA
+3.93%
US
MU
+6.99%
US
ORCL
+6.63%

How Much You’d Have If You Bet $10,000 on Palantir Stock in January and 1 Key PLTR Catalyst to Watch in 2026

How Much You’d Have If You Bet $10,000 on Palantir Stock in January and 1 Key PLTR Catalyst to Watch in 2026

Barchart Option·
US
PLTR
+4.14%
Barchart Option·
US
PLTR
+4.14%

Musk wins appeal and restores 2018 Tesla pay deal worth $56 billion

Elon Musk's 2018 Tesla pay package worth $56 billion was restored by the Delaware Supreme Court, overturning a previous decision that had nullified the deal. The package, which includes options to acquire 304 million Tesla shares, was initially struck down due to alleged conflicts of interest and hidden facts. The ruling allows Musk to finally receive his compensation for transforming Tesla into a leading company. In November, Tesla shareholders approved a new pay package potentially worth $878 billion.

Reuters·
US
TSLA
-0.45%
US
TSDD
+0.95%
US
TSLL
-1.03%
Reuters·
US
TSLA
-0.45%
US
TSDD
+0.95%
US
TSLL
-1.03%

3 Things to Know About Amazon Stock Before You Buy

Amazon's stock has shown significant growth, outperforming the S&P 500. Key factors include AWS as a profit engine, booming advertising revenue, and an expanding Prime ecosystem. Analysts predict continued growth in revenue and EPS. Despite maturing, Amazon remains a strong investment due to its balanced presence in e-commerce, cloud, AI, and digital advertising markets. Its strategic expansions, including Whole Foods, enhance its market position, making it a solid long-term investment.

Motley Fool·
US
AMZN
+0.26%
US
AMZU
+0.47%
Motley Fool·
US
AMZN
+0.26%
US
AMZU
+0.47%
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