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After a Delaware court threw out Elon Musk's $56 billion pay package on Tuesday, the Tesla chief executive and a board seen as captive to him must find a way to negotiate a replacement contract. It will not be easy.
Elon Musk might be done with Delaware.
Tesla CEO Elon Musk. Photo by Chesnot/Getty Images.
WILMINGTON, Del. — A Delaware judge on Tuesday ruled that billionaire Elon Musk's $56 billion Tesla pay package could be voided, calling the compensation «an unfathomable sum» that was not fair to shareholders, according to a court filing.
Gas prices remain virtually unchanged since last week. (iStock)
It’s no secret that different types of cars appeal to people in different parts of the country. Electric vehicles are far more popular on the West Coast in states like California than they are in Maine, while buyers in Vermont look to Subaru as the beacon of hope to get through the sometimes bleak winters. Finance industry news site MarketWatch recently looked at automotive preferences across the country, examining internet search trends to find the brands most associated with each state.
A Detroit-based startup hoping to normalize robotic tire changes has filed for bankruptcy, perhaps offering hope to all the humans worried that they're about to be displaced by automation. RoboTire, which launched in 2019, had stated its intention to speed up vehicle maintenance for auto repair shops, fleet operators and dealerships. Now its status is Chapter 7.
New Yorkers pay the highest car insurance premiums in the country.