A Delaware judge has ruled Elon Musk has to forfeit $56bn of Tesla share awards from a long-term pay package, causing a storm at the electric-car maker and threatening to distract its boss from troubles at the company and across his business ventures.
“Never incorporate your company in the state of Delaware,” Musk commented on X, the social media platform he owns.
Here is what the ruling means, if upheld, for the billionaire and his empire.
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