Tesla Faces Potential $26 Billion Profit Wipeout as Delaware Court Decision Looms Over Musk’s 2018 Pay Package
Tesla investors are bracing for a financial bombshell: a potential $26 billion hit to the company’s profits over the next two years if the Delaware Supreme Court upholds a lower court’s decision to invalidate CEO Elon Musk’s massive 2018 compensation package. According to a Reuters analysis published Wednesday, the electric vehicle giant would be forced…
