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Tesla (TSLA) stock resumes its decline after judge voids Musk's $56 billion compensation plan

Tesla (TSLA) shares were down as much as 3 percent after the decision from a Delaware judge.
Donovan Erskine
Donovan Erskine
AP
4

Both Tesla and Elon Musk took a major hit today when the CEO’s $56 billion compensation plan was struck down by a Delaware judge. It caused Tesla (TSLA) stock to dive and Musk’s net worth to drop by a considerable amount.

Elon Musk frowning.

The payment plan was originally presented five years ago and propelled Elon Musk to becoming the world’s richest person. With this plan now denied, Musk will become the world’s third-richest person.

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News Editor
News Editor

Donovan is a journalist from Maryland. His oldest gaming memory is playing Pajama Sam on his mom's desktop during weekends. Pokémon Emerald, Halo 2, and the original Star Wars Battlefront 2 were some of the most influential titles in awakening his love for video games. After interning for Shacknews throughout college, Donovan graduated from Bowie State University in 2020 with a major in broadcast journalism and joined the team full-time. He is a huge film fanatic and will talk with you about movies and games all day. You can follow him on twitter @Donimals_

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