The rulings came in a lawsuit filed by a Tesla stockholder who challenged Elon Musk’s 2018 compensation package.
WATCH: A Delaware judge rejected Elon Musk 's efforts to get his $56 billion Tesla pay package reinstated. The decision comes after a majority of Tesla shareholders re-authorized the compensation package during the electric vehicle maker's annual meeting in August.
The rulings came in a lawsuit filed by a Tesla stockholder who challenged Musk’s 2018 compensation package. McCormick, who seemed skeptical of the defence arguments during an August hearing, said in Monday’s ruling that those arguments were fatally flawed. Musk expressed his disagreement with the ruling in a post on X, the social media platform he owns. “Shareholders should control company votes, not judges,” he wrote.
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