Elon Musk’s $50 billion Tesla pay was struck down. What happens next?
Chancellor McCormick of the Delaware Court of Chancery orders cancellation of Elon Musk's $50 billion stock options, impacting Tesla's financial landscape. Musk remains a wealthy shareholder with around $78 billion. Musk suggests relocating Tesla to Texas, but shareholder approval is needed. Concerns about Musk's departure lead to a 2% drop in Tesla's share price.
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