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Judge to rule on $56b Tesla pay deal for Elon Musk

A Delaware judge is expected to rule on whether Tesla shareholders’ vote last year successfully reinstated Elon Musk’s US$56 billion pay package before the end of the year.

This compensation package had been previously voided by the court.

Kathaleen McCormick, chancellor of Delaware’s Court of Chancery, indicated the decision would be made soon in a letter to the lawyers involved in the case.

Musk’s 2018 compensation, which comprised stock options, is noted as the largest ever in corporate America.

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