Tesla loses bid to reinstate Elon Musk’s document $56bn pay bundle

Tesla CEO Elon Musk’s record-breaking $56bn (£47bn) pay bundle is not going to be reinstated, a decide has dominated.

The choice within the Delaware courtroom comes after months of authorized wrangling and regardless of it being authorised by shareholders and administrators in the summertime.

Decide Kathleen McCormick upheld her earlier resolution from January, by which she argued that the board had been too closely influenced by Mr Musk.

Tesla has been contacted for remark.