BlockBeats News, December 3rd, although on June 13th, Tesla (TSLA.O) shareholders voted to support the reinstatement of CEO Elon Musk's record-breaking compensation plan at the company's annual meeting, a judge in Delaware has once again rejected the plan, deciding to uphold the initial ruling from January that deemed the compensation plan illegal. The reason given was that shareholders were not adequately informed of its details, and there was insufficient independence among Tesla's board members. However, lawyers for Tesla and Musk argued that the results of the second shareholder vote held in June, which supported the compensation plan, paved the way for its effective reinstatement. The stock option plan was initially valued at $2.6 billion and soared to $56 billion when the judge struck it down. Based on Monday's closing price, the plan is valued at $101.5 billion. (Jin Ten)
