US judge rejects Tesla CEO Elon Musk $101 billion pay package

A Delaware judge rejected Elon Musk’s $56 billion Tesla pay package reinstatement, despite shareholder approval. The judge cited excessiveness and conflicts of interest. Musk criticized the ruling, while Tesla plans to appeal. The package, now worth $101 billion due to Tesla’s stock surge, was tied to performance targets, all of which Musk achieved.