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Elon Musk’s $56bn Tesla pay deal rebuffed again by US judge

3 December 2024
in Business
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Elon Musk’s bn Tesla pay deal rebuffed again by US judge
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A judge ruled against Elon Musk’s $56bn compensation package from Tesla for the second time, stating board members were influenced by Musk’s connections. Musk criticized the decision, and Tesla plans to appeal. Despite facing headwinds like competition in China and economic challenges, Tesla reported record shipments in Shanghai, leading to increased investor optimism and share price growth.

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