Breaking news a judge voiding Elon musk’s 56 billion pay package at Tesla uh what does this mean I see $55 billion whatever it was a big pay package struck down by a Delaware judge it had been challenged in court by a shareholder who said it was excessive and that the board
Did not provide enough information uh sort of the rationale of why it was so high so now back to the drawing board apparently that’s what that mean the board now gets back to work puts together package apparently so and it also means that uh his net worth
On paper takes a big hit here if Hees if he does not get that if you subtract that $55 billion I think his net worth drops to number three in terms of the rich people leaderboard um according to Bloomberg which tracks this through their billionaires index um of course it
Could then go right back up again if they do come up with a new pay package and you know sort of provide those reasons perhaps that the shareholder and the court were looking for yeah meanwhile though the stock is sliding here in the after hours about 2% so now
You’re looking I mean Rocky beginning to the year for for Tesla shares now down more 20% so far this year you already had enough headlines about EV demand and pricing Cuts China margins so here we go 2.4% now in the after hours I think we
Should keep an eye on X you think he’s going to say anything about it on there maybe I would bet it’s a good move that Elon Musk might just say something yes I don’t bet I don’t bet against it put it that way that’s that’s true