Court Again Strikes Down Elon Musk's Tesla Pay Package Valued at More Than $50 Billion

Shares of Tesla slipped in after-hours trading Monday following the news that a Delaware judge for a second time moved to strike down a multibillion-dollar pay package for CEO Elon Musk. Tesla's (TSLA) stock, which rose more than 3% in Monday's regular session, was off more than 1% in late action. The decision by Chancellor Kathaleen McCormick upholds her own, earlier, ruling invalidating the package, which was valued above $50 billion. That decision was followed in June by a shareholder vote to approve th ...