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Delaware Court reinstates Musk’s $55B pay package, penalizes him $1 instead

The Delaware Supreme Court reinstated Elon Musk's $55 billion pay package from 2018, reversing a previous decision. However, Musk was penalized $1 plus attorney's fees due to the award's unfairness. The package, tied to Tesla's performance milestones, was initially approved by shareholders and could be worth $139 billion at current share prices.

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Richard P Slaughter Associates Inc Has $2.64 Million Holdings in Tesla, Inc. $TSLA

Richard P Slaughter Associates Inc reduced its holdings in Tesla, Inc. by 15.6% in the 3rd quarter, now owning 5,943 shares worth $2.64 million. Other investors also adjusted their positions in Tesla. Tesla's stock opened at $481.20 on Friday with a market cap of $1.60 trillion. Recent earnings showed $0.50 EPS, beating estimates. Insider trading included sales by Director Kimbal Musk and CFO Vaibhav Taneja. Analysts remain bullish on Tesla, with Deutsche Bank raising its target to $500.

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MFG Wealth Management Inc. Trims Stock Position in Tesla, Inc. $TSLA

MFG Wealth Management Inc. reduced its stake in Tesla, Inc. by 45.4% in the 3rd quarter, selling 3,924 shares. The remaining 4,717 shares are valued at $2,098,000. Tesla's stock opened at $481.20, with a market cap of $1.60 trillion. Analysts are bullish, with Deutsche Bank raising its target to $500. Tesla committed $1.2B to battery production in Germany, supporting long-term EV supply.

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Affinity Capital Advisors LLC Sells 1,088 Shares of Tesla, Inc. $TSLA

Affinity Capital Advisors LLC reduced its stake in Tesla, Inc. by 14.9% in the third quarter, selling 1,088 shares. The fund now holds 6,218 shares valued at $2,711,000. Institutional investors own 66.20% of Tesla's stock. Analysts have mixed ratings on Tesla, with a consensus target price of $404.14. Tesla's stock opened at $481.20, with a market cap of $1.60 trillion. Recent earnings exceeded expectations, and analysts expect $2.56 EPS for the year. Tesla is investing $1.2B in battery production in Germany.

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Elon Musk Wins Appeal As Delaware Supreme Court Restores 2018 Tesla Pay Package Now Worth $139 Billion: 'Vindicated'

The Delaware Supreme Court reinstated Elon Musk's 2018 Tesla compensation plan, reversing a lower-court ruling that had voided it. The plan, now worth $139 billion, was deemed fair by the court, which stated that rescinding it left Musk uncompensated for his efforts. Musk's stake in Tesla could increase to 18.1% if he exercises all stock options tied to the plan. The decision follows overwhelming shareholder support for a new pay package potentially worth up to $1 trillion.

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$Rocket Lab(RKLB.US)$Tesla(TSLA.US)$XTALPI(02228.HK)

Good Morning!

Good Afternoon!

Good Night!

  • 0

$Tesla(TSLA.US) adverse ruling against Elon Musk 2018 pay plan by DE Chancery Judge Kathaleen McCormick overturned by the DE Supreme Court. We always thought this would be the outcome.

  • 0

$Coreweave(CRWV.US)15%😊🥳The Shawshank Redemption, Sister Xin takes the lead. See if $Tesla(TSLA.US) gives a chance today

$Tesla(TSLA.US) will hit 500 tonight! 😄

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