187
submitted 11 months ago by L4s@lemmy.world to c/technology@lemmy.world

Tesla shares slide after judge voids Elon Musk's $56 billion compensation::The compensation package the Tesla board gave CEO Elon Musk set a record for publicly traded corporations, a Delaware judge noted in her ruling.

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[-] dynamojoe@lemmy.world 10 points 11 months ago

They've been sliding all month. $249->$188 so far.

[-] dragontamer@lemmy.world 10 points 11 months ago

Its actually up right now today. The headline sucks.

Voiding the stock-based compensation means that all other shareholders will automatically get more control of the company. This is actually a good ruling for TSLA shareholders, not that the cult members understand anything about corporate politics, corporate control, or how shares fucking work.

this post was submitted on 31 Jan 2024
187 points (92.7% liked)

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