BUZZ-Tesla down after judge rejects request to restore Musk's pay

Reuters2024-12-03

** EV maker Tesla's shares TSLA.O down ~1.7% to $351 in after-market hours as a Delaware judge ruled that its CEO Elon Musk is still not entitled to receive a $56 billion compensation package despite shareholder vote for it

** Ruling by Chancellor Kathaleen McCormick of the Court of Chancery follows her January decision that called the pay package excessive and rescinded it

** Stock up 43.7% YTD as of last close

(Reporting by Seher Dareen in Bengaluru)

((Seher.Dareen@thomsonreuters.com))

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