<ul><li>A Delaware judge has ruled against Tesla CEO Elon Musk receiving a US$56 billion (A$86.5 billion) pay package, despite the company’s shareholders voting in favour of the landmark compensation deal earlier this year.</li><li>The court blocked the stock compensation package approved by Tesla shareholders in 2018, which would see Musk paid the sum over a 10-year period.</li><li>Tesla and Musk campaigned to ask shareholders to vote again, gaining approval in June. However, the recent ruling stated that Musk is not entitled to the pay package.</li><li>Musk has 30 days to file an appeal, and the decision could have larger ramifications for Tesla.</li></ul>

Tesla CEO Elon Musk’s US$56 billion payday blocked by US judge

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