Elon Musk cannot keep Tesla pay package worth $55bn, judge rules

A shareholder lawsuit targeted Tesla chief executive Elon Musk (Kirsty Wigglesworth/PA)

A judge has said Elon Musk must give up a compensation package awarded by Tesla’s board of directors that is potentially worth more than $55bn.

The ruling in a Delaware court comes five years after a shareholder lawsuit targeted Tesla chief executive Mr Musk and the directors.