Elon, Inc. Elon Loses (Again) in Delaware, Might Gain New Tesla Customers
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Dec 3, 2024 
Jef Feeley, a Bloomberg legal reporter, joins the discussion on Elon Musk's latest legal defeat regarding his Tesla pay package. He delves into the implications of Musk's political shift, highlighting how it has altered consumer sentiment towards Tesla. As both liberal and conservative buyers reassess their loyalties, Feeley and the team unpack the emerging market for anti-Elon merchandise. They also touch on Musk's ongoing legal battles, including a showdown with OpenAI and the potential repercussions for his businesses.
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Musk's Tesla Pay Package Rejected
- A Delaware court rejected Elon Musk's Tesla pay package for a second time, citing a tainted process.
- The judge awarded $345 million in legal fees to the shareholder's lawyers.
Pay Package Value and Conflicts of Interest
- Musk's Tesla pay package, initially valued at $2.6 billion, ballooned to $101.5 billion due to Tesla's volatile stock price.
- Despite a second shareholder vote, the court's concerns about conflicts of interest remained.
Musk's Appeal Motivation
- Musk is appealing the court decision likely because his significant wealth allows him to pursue further legal action.
- This appeal tests Musk's ability to challenge legal processes and the court's authority.