According to reports, it seems Tesla CEO Elon Musk has lost an attempt to reinstate his $56 billion pay package. This package, arguably one of the largest in U.S. history, was previously voided due to a lawsuit from a Tesla shareholder. The lawsuit alleged that it ignored the interests of the company and its shareholders. Musk’s compensation is directly tied to the success of the company and its stock. Musk has appealed this decision and continues to be highly involved in the workings of the company. Still, for now, the reinstatement of this massive compensation package remains denied.
Tesla CEO Elon Musk loses bid to get $56 billion pay package reinstated
