So once again, the judge is like, 'No, I don't care what your shareholders think, this is too much.' And they plan on appealing again, according to Tesla, on the platform owned by Elon Musk, X. So it does seem like this is going to be a dance that we can continue to keep

an eye on. As you mentioned, it was worth about $56 billion at the time, the last time the judge cancelled this plan. Right now, based on Monday's closing, it's worth $101.5 billion. So if this does end up being kind of stood by, if Tesla is not effectively

successful in pushing back on the ruling, then the board would kind of be back to the drawing board and have to come up with a new proposal. That's interesting. Tesla is the biggest contributor to the Nasdaq's downside today. Maybe that's more about the sales in

China. But also there was this worry that if he doesn't get this pay package, Elon Musk is out. He's going to focus more on his AI projects, maybe even more on government-related things. Is that still a risk to investors?

It still is just an unknown. And I think that's the big thing when you talk to investors or Tesla bulls; the big question is, the stock, going back to 2018, is up almost 1400 percent. This is a huge rally.

This is a big company, and there is such a big key-man risk in Elon Musk. If there's even a thought that he steps away from the company, what does that mean for Tesla? What does that mean for the self-driving ambitions, especially, as you mention, if he leans into his role with the DOJ?

government?
There are so many unknowns, and I think that's been kind of the big bull/bear
debate. Even going back to 2018 when
Elon was potentially looking at what this company could do and launched a
two-year plan, he's done what he's doing

with SpaceX and now is wearing a
government hat. All of this, of course, sparked by a Tesla
shareholder lawsuit. And those lawyers got a huge payout, the
privilege of having represented this person.
But I'm interested in the future of

Delaware as well.
Elon, on the back of this upper-left saying the companies should follow
him, is that something that's going to continue if we see these sorts of mini
legal tit-for-tat battles? If you go on X, again, it does seem to
be very much a platform that is pro-

Elon.
But you look at a number of investors, prominent investors, prominent VCs,
prominent executives talking about what this could mean for being domiciled in
Delaware, and the uncertainty it creates. If a judge can push back on something
that, from a company's perspective, your

shareholders voted by a supermajority
to back, your board members stood by. So it does create a bit of a cloud, if
you will, over domiciling in Delaware and what that could mean.
Again, Elon did move out of there quite

quickly.
So it will be interesting to see if others follow suit in the
wake of this second pushback.

Judge Strikes Down Elon Musk Pay Package at Tesla Again

Welcome to the Bloomberg Technology YouTube channel. Subscribe for original series and mini-docs on game-changing technologies, profiles on innovators, live conversations with experts, and breaking technology news & analysis from Bloomberg TV.

Judge Strikes Down Elon Musk Pay Package at Tesla Again

Judge Strikes Down Elon Musk Pay Package at Tesla Again

Scripts