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From all the Musk simping, I’m gonna go on a whim that a lot people here didn’t read the verdict. At a minimum, I recommend the first handful of pages. It explicitly talks about why the judge voided this. Musk made a boat load of money to begin with from the valuation appreciation. The question was, does the extra 56B provide required incentives for Musk to do his job. The answer was determined to be no, he already owned over 20% of the company. In addition, the board was not doing its job to protect its shareholders since the board has heavy personal vested interests and relationships with Musk.



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