The Future of Tesla: What’s Next After Elon Musk’s $50 Billion Pay Gets Rejected

Chancellor Kathaleen St. J. McCormick of the Delaware Court of Chancery intends to void the pay package that made Elon Musk the richest person in the world (worth approximately $50 billion), leaving Tesla’s board of directors with crucial decisions to make. The decision orders Tesla to cancel Elon Musk’s stock options, and the board must figure out a new compensation plan that satisfies him. If finalized, Mr. Musk would lose about $50 billion out of shares worth $78 billion. Musk has indicated that he could seek to incorporate the company in a state that is more business-friendly.

Mr. Musk has also threatened to incorporate Tesla in Texas or Nevada. If Mr. Musk does relocate the company, the shareholders would need to vote on the relocation and Mr. Musk would likely see opposition from them. Chancellor McCormick also criticized Mr. Musk’s involvement in the development of the terms of his pay deal, and the lack of independence between him and the board.

The decision is expected to cause changes in Tesla’s approach to vehicle manufacturing and sales if it prompts Mr. Musk to leave or play a less active role in the company. Tesla’s stock fell about 2 percent after Ms. McCormick’s ruling, and Mr. Musk may seek to appeal the decision in the Delaware Supreme Court.

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Moms Managing Girl Influencers: A Marketplace Stalked by Men

Elissa began receiving threatening messages early last year from a person calling themselves “Instamodelfan” targeting her daughter’s Instagram account. Despite having over 100,000 followers, the account has been under scrutiny for potentially exploiting children in exchange for money. However, the issue runs deeper than that. Research from The New York Times found that the platform […]

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Insights from The Times’s Investigation of Child Influencers

Instagram maintains the 13-year-old minimum age for accounts, but parents can take control, largely for their daughters’ ambitions to become influencers. Parents initiate their child’s modeling career or gain favor from clothing brands, but a dark subculture emerges, controlled by men attracted to minors, as per The New York Times. The emergence of mom-run profiles […]

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Rising Threat: China’s Growing Cyber Espionage and the New Vulnerability

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