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A Delaware judge tossed out Elon Musk's record-breaking $56 billion Tesla pay package on Tuesday, calling the compensation granted by the EV maker's board "an unfathomable sum" that was unfair to shareholders. Here are some reactions to the ruling: KRISTIN HULL, FOUNDER OF NIA IMPACT CAPITAL, WHICH OWNS TESLA SHARES: The court's decision really speaks to the power of a shareholder to get involved with the board is not doing its job. We've seen the board is beholden to him. ....
In July, Tesla's directors agreed to return $735 million to the company to settle shareholder allegations brought in a separate lawsuit filed in 2020 that they overpaid themselves. ....
When it comes to its stock price, Tesla is Screwball Central. If you buy its shares, the only thing you know is that you’re likely to get a wild ride. However, you can’t predict in which direction. ....