Why Elon Musk’s $55.8 Billion Compensation Package From Tesla Was Struck Down by The Judge

elon musk x tesla ceo

Tesla (TSLA) shares recovered from early losses in intraday trade Wednesday after a Delaware court found Chief Executive Officer (CEO) Elon Musk’s $55.8 billion remuneration plan excessive. The Chancery of the State of Delaware, an equity court that resolves disputes involving Delaware corporations, sided with an investor who sued over Musk’s compensation, writing that “the … Read more

Super Micro Stock Rises 10% on AI-Powered Earnings Growth and Big Annual Guidance Raise


The significant growth in artificial intelligence applications is driving demand for the company’s application-optimized servers. Super Micro Computer (SMCI 4.22%) shares rose 10.5% in after-hours trading on Monday after the computer server expert issued a super-strong report for the second quarter of fiscal 2024 (ending December 31, 2023). The market’s favorable reaction was partly due … Read more